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1. A Company In Crisis Is In A Nightmare

   by Mike Teng - 2007-01-15
   Crisis is visibly recognised when the company faces credit squeeze, negative profitability, cash flow problems and collection concerns. However, before the full crisis manifests itself the management ...

2. Knowing The Type Of Viruses That Are Plaguing The Company Is Half The Cure

   by Mike Teng - 2007-01-15
   Just as a competent medical practitioner needs to understand the causes of a disease, a competent turnaround manager must understand the causes of the company's decline.Much like human beings, compani...

3. When The Company Is Sick, Call The Corporate Turnaround Expert

   by Mike Teng - 2007-01-10
   In the movie, 'Ghost Buster', the theme song starts off, "If there is something strange in the neighbourhood, who do you call: Ghost buster". Similarly, a sick company needs to call on the Corporate T...

4. Dead Body Stinks From The Head

   by Mike Teng - 2007-01-09
   A key reason for companies' downhill slide is undoubtedly the quality of CEO. Most turnaround situations arise because of the CEO's incompetence, ineptness, carelessness, ego and /or inexperience. It ...

5. When You are Thirsty, You are Not Going to Argue Over the Temperature of the Water

   by Mike Teng - 2007-01-09
   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 co...

6. Your Low Cost Competitors Want To Eat Your Lunch

   by Mike Teng - 2007-01-09
   Many industry leaders are faced with a sea of changes in the marketplace, particularly the onslaught of many low cost competitors. They are minnows and will grow to become sharks if they are not nippe...

7. Just As Heart Ailment Is A Major Killer, Competition Is The Silent Killer

   by Mike Teng - 2007-01-02
   The management mantra of the 1980s was product quality, and activities involving Quality Control (QC) circles, Total Quality Management (TQM) and ISO 9000 were the order of the day. Back then, consume...

8. You Can Have Performance And Quality But You Better Have Pricing

   by Mike Teng - 2007-01-02
   You can have wealth and wisdom, but you better have health. Similarly, you can have performance and quality but you better have pricing.It is rather common for companies selling in Asian markets to en...

9. The First Step In Corporate Turnaround Is Prevention

   by Mike Teng - 2007-01-01
   Contrary to common belief, a company is not an inanimate object. In fact, there are many similarities between companies and people, companies are living organisms that comprise communities of people t...

10. Life Is Simple And In Business - The Simpler The Better

    by Mike Teng - 2006-12-30
    Indeed Ralph Waldo Emerson captured the essence of simplicity superbly when he remarked: "Nothing is more simple than greatness; indeed, to be simple is to be great."If there is one guiding motto in l...

11. People Tend To Do What You Inspect Rather Than What You Expect

    by Mike Teng - 2006-12-30
    Expectation sets the height of the bar, but it is regular inspection that resets the height of the bar so as to ensure it is achievable. The common notion is that what gets measured, gets performed. T...

12. The Greatest Lesson Is To Learn Faster Than Your Competitors

    by Mike Teng - 2006-12-29
    Peter Drucker said: "Every few hundred years throughout Western history, a sharp transformation has occurred. In a matter of a few decades, society altogether rearranges itself, its world's views, its...

13. Tradition and Past Business Assumptions May Be the Root Causes of the Disease

    by Mike Teng - 2006-12-29
    For a troubled company, it is prudent to challenge all 'sacred cows', those old and sacrosanct business assumptions. It is probable that some of these old sacred cows which were based on prior erroneo...

14. To Understand The Disease - Learn To Be The Patient

    by Mike Teng - 2006-12-29
    There is an old saying in Spain: "To be a bullfighter, you must first learn to be like a bull." You want to be a good fisherman, think like the fish. Then you will understand where the fishes normally...

15. The First Step to Health is to Recognise that You are Sick and Need Treatment

    by Mike Teng - 2006-12-29
    The first step to good health is to acknowledge the presence of pain and that all is not well with the body. In many ways, the job of the turnaround manager is akin to that of the physician. The first...

16. The Key To Successful Turnaround Is Early Intervention

    by Mike Teng - 2006-12-27
    Most diseases including cancer and heart problems are easier to cure if detected early. Similarly, most sick companies can be turned around if the problems are discovered early. Sick companies need to...

17. Why Talent Management Functions Like the Kidney?

    by Mike Teng - 2006-12-27
    Talent management functions hires the good personnel and fires the bad ones. This functions like the kidney in our body.The two kidneys are the vital organs in the body amongst other functions cleanse...

18. Panaceas for Corporate Turnaround - Proper Treatment

    by Mike Teng - 2006-12-27
    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 ...

19. The Second Step In Corporate Turnaround - Early Diagnosis

    by Mike Teng - 2006-12-22
    A sick person down with flu may manifest early symptoms of cough, runny nose, fever and body aches. Likewise, there are usually ample warning signs for a company. Prescription without diagnosis is mal...

20. Vision, Feedback and Action - Three Meals a Day Keep the Corporate Doctor Away

    by Mike Teng - 2006-12-21
    Someone said that feedback is the breakfast of a champion. However, in today's turbulent marketplace, surviving on breakfast alone is insufficient. You need three meals a day to keep the doctor away.I...

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