Dr Mike Teng (DBA, MBA, BEng) is the author of best-selling book, "Corporate Turnaround: Nursing a Sick Company back to Health." He is known as the "Turnaround CEO in Asia" by the media.
Accomplish Your Dream, Have A Good Team Having a good team is fundamental in accomplishing your dreams. In this complex corporate world, no single person can have all the answers. The world is changing so rapidly that even a team comprising internal experts is overwhelmed in trying to follow and monitor the changes. The intern... Similar Editorial : by Onaefe Edebi. | Source : Cover Letter Guide
A Sick Company Needs To Concentrate On Its Core Competence The surgeon operates only one patient at a time. Similarly, a sick company needs to concentrate on its core competence.During the turnaround phase when the company is on the brink of bankruptcy, there are time and resource constraints. The company needs to concentrate all its resources o... Similar Editorial : by Jim Edwards. | Source : Corporate Business Credit
What CEOs Want Recently, there are more and more CEOs falling from grace. In the United States, forced exits accounted for 39% of CEO departures in 2002 up from 25 % in 2001, according to Booz Allen Hamilton. In 2002, Enron Chairman Ken Lay, Tyco chief Dennis Kozlowski, Qwest's Joe Nacchio, Worldcom's Bernie Ebb... Source : Corporate Business Credit
Sustaining Good Financial Health Many companies came out of crisis and yet got back into trouble again. Why is it that these companies which have managed to ride out of the 'intensive care unit' fall back into trouble again? We also see such problems with patients in that they are cured of "heart disease" and "lung ailments" ... Similar Editorial : by Gabriel Adams. | Source : Business Management Guide
Do Not Depend Solely One To Do The Job Many business leaders are good at starting a business or maintaining one that has already been well established. However, they are not good at fixing a seriously sick business. Avoid bankruptcy by hiring the turnaround experts.They often do not have the experience, skills, temperament or... Source : Medical Information
If You Need Surgery, Call In The Surgeon When you need a heart by-pass, you call in a cardiologist rather than a general practitioner. When you are in legal troubles, you consult a lawyer. When you have tax problems, you seek advice of a tax consultant. Yet many troubled companies make the fatal mistake of not approaching the right profess... Similar Editorial : by Alan Chestnutt. | Source : Medical Information
Job Negotiation Advice This title seems to be an obvious principle. Yet, many troubled businesses are the result of petty quarrels and disagreements amongst partners and major shareholders. There are also many family-run companies where the family members soured their relationships ruining the business.Oftenti... Similar Editorial : by tjacowski. | Source : Cover Letter Guide
The Tongue Is The Window Of Your Corporate Health The doctor often examines the tongue to determine the general state of health of the patient. The tongue is the organ used by the body for communication. Similarly, we determine the morale level and state of mental health of the company by examining the manner of its communication. What the heart an... Similar Editorial : by franchises. | Source : Corporate Business Credit
Companies Should Go For Regular Health Checks Many companies have annual medical examinations and health screening for their employees but are negligent when it comes to their own corporate check-ups. Poor management and financial information systems typically get blamed for management's inability to 'see it coming'. This is because the checks were done too late. Similar to handling of diseases and illness, early diagnosis and detection can...... Similar Editorial : by Darnell Scott. | Source : Men’s Health Issues
Army Sick Call Slip The selection of the right turnaround specialist to help the company quickly is crucial.If it is done too late, even the turnaround specialist may not be able to help you... Similar Editorial : 24 Hour Call Center by Vishal.
Headhunterz The Lost Soul Shareholders and investors need to focus and do their homework rather than merely relying on earnings per share and short term profits. All of these issues have to do with integrity as it is necessary to do what is right and ethical... Similar Editorial : Atlantis The Lost Empire by Steve Collins.
Lets Not Play The Game No supplier is perfect and customers know that. The important thing here is that you take responsibilities for any mistakes, rectify the mistakes, make restitution if necessary and ensure that the problems do not recur... Similar Editorial : Dont Play The Game by Groshan Fabiola.
Of The Living Dead At the same time, they also act as allegories for what could happen if certain cultural and religious norms are ignored in life... Similar Editorial : Day Of The Living by Dean Caporella.
