Mowaffaq Balish space

   Corporate Culture   Corporate Culture: The beliefs and values shared by people who work in an organization. How people behave with each other How people behave with customers/clients How people view their relationship with stakeholders People’s responses to energy use, community involvement, absence, work ethic, etc. How the organization behaves to its employees – training, professional development, etc.     Corporate Culture may be driven by : Vision – where the organization wants to go in the future Mission Statement – summary of the beliefs of the organization and  where it is now   Corporate Culture may be reflected in : Attitude and behavior of the leadership. Attitude to the role of individuals in the workplace. Logo of the organization. The image it presents to the outside world Its attitude to change.         How to improve o...

Corporate Turnaround   Meaning of Turnaround Strategy   The implementation of a set of actions required to save an organization from business failure and return it to operational normality and financial solvency. Some factors that can cause a company’s regression requiring a turnaround intervention include:         new innovations by competitors  underestimating the cost of production  corrupt management  poor financial management leading to a shortage of capital  a loss of customers  high turnover and attitude and behavior of employees. . In order to achieve this, th ere are six broad stages that a company in a turnaround situation will need to go through: Management change Business review Business restructuring plan Implementation Stabilization Embedding the change Successful turnarounds A successful turnaround could be as simple ...