RL CORPORATE NEWS AND HAPPENINGS - The Place for Corporate Management Solutions

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Dr Robert LH Lim




Wednesday, September 30, 2009

Do we know how to react?

How often than not we are faced by such situations? Maybe a reminder like this will help. Most of the time we are aware but are our people doing anything about it and waiting for something to happen?


Root Cause that lead to a need for Turnaround & Action!
  • No viable Financial Plan.  
  • Slow, incomplete Financial Results reporting.  
  • Managers not “knowing their numbers”.  
  • Cash not treated as scarce/precious/”dear”.  
  • Heavy focus on Revenue, little on Margins, Productivity, etc.  
  • Too much emphasis on “how to account for things”.  
  • Time treated as “abundant”, little sense of urgency.  
  • Weak or non-existent Management Process. 
  • Eliminate these and you reduce the risk of a business crisis.

Wednesday, September 16, 2009

Do we instruct or get consensus to get things done




There is an entire spectrum on how to make decisions available to the Manager. One end of the spectrum is highly Democratic – Gather the Team, lay out the options and take a vote – High buy-in, low control.

The other end is highly Autocratic – The Manager simply announces (“Now here this…”), either verbally or in writing, a new policy – High control, low buy-in.

A good way to drive a measure of buy-in and maintain control is to solicit inputs from the Team, but reserve the decision to yourself.
What do you think? The first options can never be executed properly...but many have chose that way.