Smart goals: Attainable business success
Enabling your people to succeed as a manager or business owner is not only one of the rewards of true leadership but an essential contributor to company culture and business success. When people succeed more often their engagement levels also increase developing a winning feeling among your team. There are so many examples where managers […]
Operational Improvement Opportunities: Cost benefit analysis should always be step one
Operational improvement opportunities exist in most operations, no matter the industry, the size or the extent of the efficiency of the operation or how well the business is performing. The analysis that should be carried out by the management team of any business before embarking on operational improvements should include the cost and resources required […]
Capital Boost: Internally generated cash through operations
During the Global financial crisis of 2008 many corporations and businesses in western economies faced unprecedented financial pressures. The businesses which over levered their balance sheets or assets were forced into either selling assets in a falling market or to raise capital in at high costs in both debt and equity markets to shore up […]
Business in Asia: Labour costs
Labour costs are a major component of most business cost bases and a major factor in deciding the location to build major manufacturing facilities especially for labour intensive industries. South East Asia is fast becoming a centre of manufacturing for a diverse range of industries although some of these countries and industries still face stiff […]
Country and Work Culture in South east Asia
For most westerners working in South East Asia their first contact with locals in the workplace will be certainly different than from starting a new job in western countries, especially if the foreigner is in a managerial position. This was my experience having worked in Australia my whole professional life and taking a management role […]
Effective use of Consulting teams and firms
When deciding to engage consultants in your business or operations to work on projects or issues within its operations or in business strategy, there are several steps that the management team can take to ensure that the business and management team derive the most value out of the engagement. When the decision to bring consultants in there is […]
FMEA’s – Risk Management in major projects
How many projects do you know where “unforseen” delays, expenditures and problems have caused substantial financial impacts to the project budget and/or the business’ bottom line? I am amazed at how many world class businesses rush from the conceptual stage of a project to the execution without considering the potential risks involved and the impact to the […]
Dominant market share through strong and diverse channel to market
Defending and increasing market share is a strategic imperative for most businesses. Having a strong and diverse channel to market is a strategic asset which allows producers and companies to market and distribute their products effectively to end consumers. The channel to market is referred to the means and infrastructure a business utilises to sell, market and […]
Understanding the benefits of 5s
Why Understanding the Benefits of 5s is important Understanding the benefits that a 5s project , initiative or focus area can provide to staff and employees no matter what area they work in will lay the foundations to a successful implementation and sustainable results. Many benefits of 5s won’t be visible and tangible straight away. This is […]