An economic recession is a condition when a country's economy experiences a contraction or decline over a prolonged period, characterized by decreased economic activity such as decreased output, decreased investment, decreased production, and increased unemployment. This can significantly impact a company's business. When a company experiences an economic recession, it must revise its strategy and identify new opportunities. Therefore, due to the economic recession, Universitas Airlangga Undergraduate Management Student Association (HIMA S1) held a Management Visit.
The Management Visit activity is an external department work program Universitas Airlangga Student Association (HIMA S1 Management) which is implemented through students conducting Company Visits and University Visits. In 2023, the Management Visit activity was implemented through a Company Visit. The Management Visit activity carried the theme "Build Up Your Knowledge of Financial Institutions Related to the Issue of the Global Economy". The purpose of the visit was to provide a better understanding of the economic recession, how to overcome its impact on the company's business, to be able to learn strategies that have been used by companies to overcome the economic recession, and to gain ideas as a reference in overcoming economic recessions in the future.
The Management Visit is held in relation to SDGs at number 4, 8, and 17. This is because in point number 4, namely Quality Education, this activity is to facilitate Bachelor of Management students to obtain new educational knowledge from companies in Indonesia without regard to SARA. Then, in point number 8, namely Decent Work And Economic Growth which is continuous with the theme presented, namely "Build Up Your Knowledge of Financial Institutions Related to the Issue of the Global Economy" where management students will later get information related to business strategies used during the economic crisis, provide a better understanding of the economic recession, how to overcome its impact on the company's business, and get ideas as a reference in overcoming the economic recession in the future. In point number 17, namely Partnership for the goals because Management Visit will collaborate with companies to build networks and prepare a generation of Bachelor of Management students Universitas Airlangga who are qualified and have the readiness of abilities and skills to enter the world of work.