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Added for You - Are Lay-offs the Only Option?
Source: Business-Standard.comWhen Control Solutions, one of USA’s biggest accounting firms dealing with Sarbanes-Oxley (SOX) accounting compliance procedures, wanted to recruit accountants for its expanding practice, it looked at Enabilizer, a New Delhi-based accounting outsourcing firm. That look has led to the two signing a joint venture agreement that allows Control Solutions to outsource its SOX work to the Indian JV.And, it was not the only global firm to look to Indian accountants for help, Rain, a mid-sized South African accounting firm has also chosen to hire for two years, six experienced senior staff from its networ
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve per
A Business Coach can be thought off as being similar to a sporting coach. He is responsible for the complete business domain knowledge. A business coach is a trained and certified professional who can help clarify a business owner's goals and chart out a plan of action to meet them. Engaging a business coach is to realize your business goals. Small business owners are paying for a business coach as an investment as business owners are realizing that a business coach is their key business advisor who is helping them with their businesses.A strategic business coach asks you to ask yourself several key questions strategically about acti
What is the problem?
Most corporations can track performance to a “gnat’s eyelash” but do not spend time understanding downturns. Is the problem the product? Is the problem competition and if so why? Is it the economy? Is it a problem with marketing? There can be many reasons for a down week, month, quarter or year for any company or for any industry. The key is to analyze why and to look at the long term. A week, a month or even a quarter or small in the scheme of long term business success – except to Wall Street. Analysis is required to understand the problems and to understand the trends before any action is taken.
What is the answer?
The first answer for any downturn in a business or corporation always seems to be to cut. To cut deep. And to cut fast. There are alternatives to cutting. What do customers want? Why are they not buying? What would they buy? Is the price right? Is the marketing communications effective? Is the sales and distribution addressing the customer? Is the product too much or too little? Rather than cutting, perhaps the answer is investing. Investing in new products. Investing in more research and development. Investing in more and difference sales and distribution channels. Investing in customer service to delight the customers. Sometimes when the instinct is to cut, the best thing is to invest and to invest for the short and the long term growth of the business.
Where to start?
The analysis is done. The investing has been done. And the performance is still poor. Who is accountable? Is it the worker on the factory floor? Is it the salesman? Is it the customer service representative? In all likelihood these people did not make the decisions – good or bad – that got the corporation to where it is now. Also in all likelihood these people have the lowest pay and benefit costs of anyone in the corporation. The also product the product, touch the customers and drive the revenue. Does it make sense to “shoot” them? No! The cuts must always start at the top. Before one worker or supervisor or even manager is laid off, corporate executives must reduce their compensation and benefits. They must do it in a material way. Without exceptions. They also need to hold themselves accountable. If they have not produced the results they had committed to – they should resign – sans any “golden parachutes”. Failure should not be rewarded. What a horrible example golden parachutes are for businesses or any organizations – rewarding failure! No the top executives must cut back, reduce their ranks and hold themselves accountable first before a single lay-off takes place.
Where to end?
Who and what touches the customer? The product? Customer service? Sales and distribution representatives and account executives? Anything that touches the customer – product or sales or service should be the last thing to be cut or the last place to perform lay-offs. Yes, this flies in the face of conventional wisdom to cut at the bottom first. But the bottom of a triangle is the widest part. And the widest part has the broadest and most impacting effect on customers. The goal must be to delight customers profitably. Anything else is short-sighted. Corporations should not cut across the board but rather cut at the top and work their way down and eliminate staff functions before touching areas like product and sales and customer service. Less top-heavy organizations with leaner chains of command and top executives closer to the workers in both face time and compensation are huge steps toward improving corporations which are currently out of control in terms of their worship of Wall Street.
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve per
Whenever I can, I try to frequent locally owned and operated businesses. To be even more specific, non-franchised businesses. You're now asking "why?" Before I get into that, I will say that I believe that chains, franchises and large corporate owned businesses have their place in our consumerist society. However, how did most all of the big companies start? That's right. They started as small, locally owned and operated businesses.If the big businesses (a most typically we're talking about eating establishments) started out as local places, then what's the problem with frequenting them? There is no problem per se; it's more a
What is the answer?
The first answer for any downturn in a business or corporation always seems to be to cut. To cut deep. And to cut fast. There are alternatives to cutting. What do customers want? Why are they not buying? What would they buy? Is the price right? Is the marketing communications effective? Is the sales and distribution addressing the customer? Is the product too much or too little? Rather than cutting, perhaps the answer is investing. Investing in new products. Investing in more research and development. Investing in more and difference sales and distribution channels. Investing in customer service to delight the customers. Sometimes when the instinct is to cut, the best thing is to invest and to invest for the short and the long term growth of the business.
Where to start?
The analysis is done. The investing has been done. And the performance is still poor. Who is accountable? Is it the worker on the factory floor? Is it the salesman? Is it the customer service representative? In all likelihood these people did not make the decisions – good or bad – that got the corporation to where it is now. Also in all likelihood these people have the lowest pay and benefit costs of anyone in the corporation. The also product the product, touch the customers and drive the revenue. Does it make sense to “shoot” them? No! The cuts must always start at the top. Before one worker or supervisor or even manager is laid off, corporate executives must reduce their compensation and benefits. They must do it in a material way. Without exceptions. They also need to hold themselves accountable. If they have not produced the results they had committed to – they should resign – sans any “golden parachutes”. Failure should not be rewarded. What a horrible example golden parachutes are for businesses or any organizations – rewarding failure! No the top executives must cut back, reduce their ranks and hold themselves accountable first before a single lay-off takes place.
Where to end?
Who and what touches the customer? The product? Customer service? Sales and distribution representatives and account executives? Anything that touches the customer – product or sales or service should be the last thing to be cut or the last place to perform lay-offs. Yes, this flies in the face of conventional wisdom to cut at the bottom first. But the bottom of a triangle is the widest part. And the widest part has the broadest and most impacting effect on customers. The goal must be to delight customers profitably. Anything else is short-sighted. Corporations should not cut across the board but rather cut at the top and work their way down and eliminate staff functions before touching areas like product and sales and customer service. Less top-heavy organizations with leaner chains of command and top executives closer to the workers in both face time and compensation are huge steps toward improving corporations which are currently out of control in terms of their worship of Wall Street.
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve per
If you own a business, sooner or later you are going to run into a situation where you screw something up. This situation can be an opportunity or disaster all depending on how you handle it.To error is human, or so the clich? goes. If you are older than about six months old, you know this is one of those clich?s that is utterly and totally true. Some would even define experience as learning from your mistakes. Well, the same thing goes for your business efforts.You may be the most diligent and hardest working person in the world. This will not insulate you from bonehead moves and mistakes. Sooner or later, you will fail a cli
Where to start?
The analysis is done. The investing has been done. And the performance is still poor. Who is accountable? Is it the worker on the factory floor? Is it the salesman? Is it the customer service representative? In all likelihood these people did not make the decisions – good or bad – that got the corporation to where it is now. Also in all likelihood these people have the lowest pay and benefit costs of anyone in the corporation. The also product the product, touch the customers and drive the revenue. Does it make sense to “shoot” them? No! The cuts must always start at the top. Before one worker or supervisor or even manager is laid off, corporate executives must reduce their compensation and benefits. They must do it in a material way. Without exceptions. They also need to hold themselves accountable. If they have not produced the results they had committed to – they should resign – sans any “golden parachutes”. Failure should not be rewarded. What a horrible example golden parachutes are for businesses or any organizations – rewarding failure! No the top executives must cut back, reduce their ranks and hold themselves accountable first before a single lay-off takes place.
Where to end?
Who and what touches the customer? The product? Customer service? Sales and distribution representatives and account executives? Anything that touches the customer – product or sales or service should be the last thing to be cut or the last place to perform lay-offs. Yes, this flies in the face of conventional wisdom to cut at the bottom first. But the bottom of a triangle is the widest part. And the widest part has the broadest and most impacting effect on customers. The goal must be to delight customers profitably. Anything else is short-sighted. Corporations should not cut across the board but rather cut at the top and work their way down and eliminate staff functions before touching areas like product and sales and customer service. Less top-heavy organizations with leaner chains of command and top executives closer to the workers in both face time and compensation are huge steps toward improving corporations which are currently out of control in terms of their worship of Wall Street.
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve per
Java is an object-oriented programming language developed by Sun Microsystems in the early 1990s. Java applications are designed to be compiled to by tecode, which is interpreted at runtime, unlike conventional programming languages, which either compile source code to native code or interpret source code.The language itself borrows much syntax from C and C++ but has a simpler object model and fewer low-level facilities. JavaScript, a scripting language, shares a similar name and has similar syntax, but is not related to It is possible that some items may not make it into the release for one reason or another. Also, any API additions
Where to end?
Who and what touches the customer? The product? Customer service? Sales and distribution representatives and account executives? Anything that touches the customer – product or sales or service should be the last thing to be cut or the last place to perform lay-offs. Yes, this flies in the face of conventional wisdom to cut at the bottom first. But the bottom of a triangle is the widest part. And the widest part has the broadest and most impacting effect on customers. The goal must be to delight customers profitably. Anything else is short-sighted. Corporations should not cut across the board but rather cut at the top and work their way down and eliminate staff functions before touching areas like product and sales and customer service. Less top-heavy organizations with leaner chains of command and top executives closer to the workers in both face time and compensation are huge steps toward improving corporations which are currently out of control in terms of their worship of Wall Street.
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve per
I know, I know. It doesn’t sound too nice. But lets face it, in business, if customers don’t pick your business, they’ve picked somebody else. I want to help you so that the customer picks YOUR business over somebody else’s. This is basically for e-commerce, so for traditional business, emails, e-zines, etc., might not apply but you might still be able to implement the idea behind the statement.* Give people a free subscription to your e-zine. Almost everyone is publishing a e-zine nowadays so it's important to give something extra with the free subscription. You could offer a free gift or advertising when people subscribe.
Lay-offs have grown to be a fact of life for those who work for corporations. Often times they are a knee-jerk reaction to short term financial results. They are announced less to improve performance and more to send a signal to the investment community – Wall Street. Corporations should be slower to lay-offs by taking the time to analyze what the problem is and how to best address it for the long term. If and when there are no alternatives to lay-offs – they should begin with pay and benefit cuts plus force reductions – without golden parachutes – at the very top of a corporation. If corporations focused as much on their customers, their profitability and their employees as they did on Wall Street, companies and communities would be the winners in both the long and the short term.
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