Corporate Turnaround Articles

1). Planning And Post-Mortem Are Essential In Corporate Turnaround By : Mike Teng
Planning tells you what is going to happen, post-mortem tells you what has happened Both planning and post-mortem are essential management tools needed to achieve corporate objectives, as well as to prevent the recurrence of the same mistakes.
Article Related to: planning, errors, post mortem, tactical, strategic, corporate turnaround, change managment

2). Myths in Transformation and Turnaround By : Mike Teng
Welcome to the real business world where troubled businesses abound. Distressed business owners and executives need to understand turnarounds and transformations in order to face the challenges in this competitive global market.
Article Related to: corporate turnaround, corporate transformation, myths, troubled company, change management

3). Prevention, Early Diagnosis, Proper Treatment - Three Steps to Corporate Turnaround By : Mike Teng
As the adage goes: Prevention is better than cure. In medical practice, prevention of the disease before its onset is better than giving medication when it is already malignant or full-blown. Getting it right early is much better than subsequent expensive treatments.
Article Related to: corporate turnaround, restructuring, right sizing, downsizing, change management

4). Cost Control Is An Important Antidote in Corporate Turnaround By : Mike Teng
Unnecessary cost is always your Number One enemy. You must attack every cost item, justify and challenge it.
Article Related to: cost cutting, corporate turnaround, change management, restructuring

5). The Second Step In Corporate Turnaround - Early Diagnosis By : Mike Teng
This is the second step on the principles of Corporate Turnaround. The focus is on early detection and diagnosis.
Article Related to: corporate turnaround, change management, market value, troubled company, bvankruptcy

6). Panaceas for Corporate Turnaround - Proper Treatment By : Mike Teng
Companies do fall sick and die; However, there are panaceas that can turn a critically ill organisation around into a healthy one. Proper treatment is necessary as the remedies can sometimes be worse than the disease.
Article Related to: corporate turnaround, change management, restructuring, downsizing, cost cutting, concentration

7). Clone Your Successes by Planning your Succession By : Mike Teng
Many once successful companies have failed because of poor succession planning. Many entrepreneurs want their children to succeed them and take over the reins in their businesses
Article Related to: succession planning, corporate turnaround, change management, president suharto, tito, transform

8). People Work Hard for Money, But They Will Die for a Cause By : Mike Teng
Most people will work hard for money if properly motivated. Though it may help, more money is not the key to making your employees more passionate.
Article Related to: vision, corporate turnaround, change management, hotmail, virgin

9). The First Step In Corporate Turnaround Is Prevention By : Mike Teng
There are workable, preventive, diagnostic and therapeutic steps to treat and restore the health of sick companies. Below are the six principles starting with Prevention.
Article Related to: corporate turnaround, change management, recovery, restructuring

10). Companies Should Go For Regular Health Checks By : Mike Teng
Many companies have annual medical examinations and health screening for their employees but are negligent when it comes to their own corporate check-ups.
Article Related to: restructuring, insustry, change management, corporate turnaround, turnaround expert

11). Relevance of Medical Metaphor in Corporate Turnaround By : Mike Teng
Medical metaphors are applicable in corporate as people can comprehend their medical and health conditions much better than corporate matters.
Article Related to: corporate turnaround, rehabilitation, sick company, change management

12). A Sick Company Needs to Concentrate on its Core Competence By : Mike Teng
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 on doing a few major things right.
Article Related to: corporate turnaround, concentration, core competency, focus, change management, sun tzu

13). Accomplish Your Dream, Have A Good Team By : Mike Teng
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.
Article Related to: team, change, turnaround, external consultants, corporate turnaround