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Corporate turnaround

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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 ...

First-time Manager? No Worries

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First-time Manager? No Worries     Management is a tricky topic and what might work for one employee or one organization might not work for another. Many first-time managers learn through trial and error what works and what doesn't, but there are still a few things you can do to make the transition easier.   So please try to do the following: Understand your company’s vision : If you don’t know where you’re going, you can’t effectively communicate the path to your staff. Your employees need to understand how their jobs fit into the big picture and how they’ll know if they’ve been successful in contributing to company’s goals. Use existing strength to meet new expectation : Good all advised identifying your current strengths and building upon them to fulfill the expectations that come with your promotion.   Establish strong relationship with your team: Getting to know your team members and finding out how they're doing, n...

mowaffaq balish

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Happy New Year

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  Dear friends, business partners, colleagues and contacts:   I am grateful for your support in the year of 2016, and I look forward to continue our special relationship in the coming years. Should you have any suggestions that would improve our business and professional relation, Please feel free to contact me. Wishing you a wonderful year end, and a prosperous successful new year.  

why i write bullet points?

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  why I write Bullet Points?  LinkedIn ,Emails, Blogs ,Tweeter,  Google+, the Facebook Timeline, and tens of thousands of images pinned to digital boards are flying past us faster than we can read them. Faster than we can even scan them, depending on the time of day. Bullet points are a great way to present complex information , bullet point is supposed to be a short summation of the key point that you want to make. The purpose of bullet points: Draws attention to important information Improves the ability of the reader to scan information easily Communicates information efficiently     How to use bullet points: Keep bullet pointed information short; each element in the list should be no more than two lines in length. Use parallel form when constructing bulleted lists. For example, use the same part of speech to begin each bullet.  Make all bullet points approximately the same length and ensure th...

Ownership At Workplace!

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Do you feel frustrated by your team’s reluctance to take charge or make quick decisions? Sure yes!   Often, employees don’t make decisions or take ownership of work because they’re not quite sure if they should. They feel like they need to check in with you—or they’re afraid of making a decision with which you won’t agree. Taking ownership means you hold yourself accountable for your actions and how you do your job. Getting your employees to take responsibility for their work is a big part of creating a high performance team. Here are some ways to encourage personal responsibility among your team. Trust you team:                                                         ...

Inspirational Story About Selling - the purpose of our work

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Sales Story A young Salesperson had lost an important sale. He was very upset. When speaking about this with his Sales Manager, the young sales person shrugged. “I guess,” he said “it just proves that you can lead a horse to the water, but you can not make him drink.” “Son,” said the Sales Manager, “let me give you a piece of advice: your job is not to make him drink. It’s to make him thirsty.” This short inspirational story about selling can be used as a toast to explain that we must know the purpose of our work. It is useful not only in sales jobs, but rather in life in general. Without knowing the outcome, or the goal of anything we do, we will always experience poor results.