| Many companies have annual medical
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| | these fitness checks, the company can
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| examinations and health screening for
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| | then determine whether the impending
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| their
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| | problem is financial in nature, which
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| employees but are negligent when it
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| | may be a case of over-gearing and cash
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| comes to their own corporate check-ups.
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| | flow
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| Poor
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| | problem. Operational and control issues
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| management and financial information
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| | may be involved too, such as frauds,
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| systems typically get blamed for
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| | financial
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| management's
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| | scandals, etc. These checks can prepare
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| inability to "see it coming." This is
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| | the top management for some exigencies
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| because the checks were done too
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| | such as
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| late.Companies should know their current
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| | a change of political regime, government
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| fitness level as part of the regular
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| | or terrorist attacks, etc.When the checks
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| health check. The
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| | revealed any areas of weaknesses, the
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| fitness level assesses the state of
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| | company needs to prescribe the
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| health of the global, local economic and
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| | appropriate treatment. The company may
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| political arena,
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| | need to employ some form of financial
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| the industry specific issues and
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| | reengineering
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| dynamics as well as the issues relating
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| | to resuscitate the company. If
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| to the company.
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| | necessary, enlist the assistance of
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| The trouble is that companies do not
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| | turnaround
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| know their state of fitness and often
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| | specialists. Therefore knowing the state
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| adopt a "firefighting"
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| | of one's health is inadequate, one needs
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| approach whenever the companies are in
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| | to take
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| trouble. Early diagnosis is always
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| | appropriate actions to remedy the
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| better than a post-mortem.On the
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| | situation.Have you done your health check
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| economic front, the check should evaluate
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| | lately and got your temperature checked?
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| some of the leading economic
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| | Mike Teng (DBA, MBA, BEng, FIMechE, FIEE,
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| indicators such as GDP growth, consumer
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| | CEng, PEng, FCMI, FCIM, SMCS) is the
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| confidence and stock market growth.
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| | author of the best-selling business book
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| Political stability is also critical as
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| | "Corporate Turnaround: Nursing a sick
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| political chaos can severely upset
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| | company back to health", in 2002. In
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| economic and
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| | 2006, he authored another book entitled,
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| business confidence.On the industry
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| | "Corporate Wellness: 101 Principles in
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| front, the check should include reviewing
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| | Turnaround and Transformation." Dr Teng
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| the business trends, consumer
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| | is widely recognized as a turnaround CEO
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| spending, the competition as well as the
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| | in Asia by the news media. He has 27
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| product life cycle.At the company level,
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| | years of experience in corporate
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| the check should reveal a full picture of
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| | responsibilities in the Asia Pacific
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| the company's profit and
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| | region. Of these, he held Chief Executive
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| loss, balance sheet as well as cash flow
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| | Officer's positions for 17 years in
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| positions. The use of financial ratios as
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| | multi-national, local and publicly listed
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| key
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| | companies. He led in the successful
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| performance indicators will help to
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| | turnaround of several troubled companies.
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| identify current and potential troubles.
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| | He is currently the Managing Director of
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| Control
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| | a business advisory firm, Corporate
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| procedures should be reviewed to ensure
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| | Turnaround Centre Pte Ltd, which assists
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| that the company does not undertake too
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| | companies on a fast track to financial
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| much
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| | performance.
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| risks and financial burdens.Through
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|
