I have been living in Swaziland past
2 weeks fulltime. Thinking of the ways changes the operations and management of
smooth transition of company into a more efficient company. Business is
challenging, management has become much diversified. Focuses and specializations
are changing day by day. Positioning of the company and USPs are also moving to
different dimensions. Challenging time gives the managers seasoning opportunities
to manage the odds.
When global economic crisis is almost overcoming - economic crisis has just been started in Swaziland. The country is fainting serious economic crisis. Government has only 30% of earning to manage 100% of expenses. The luxury of the country has already gone. Protests and series of violence had already started. Our company revenue in Swaziland Operation has dropped by 40%. In this situation, business became difficult to operate. The necessary steps that we can take are:
3. Minimize the employee turnover - by socializing, managing group dynamics.
4. Communicate openly about the economic situation and our future steps.
5. Participate in the forums to discuss way to recovery.
6. Diversify the market to minimalize overall risk.
When global economic crisis is almost overcoming - economic crisis has just been started in Swaziland. The country is fainting serious economic crisis. Government has only 30% of earning to manage 100% of expenses. The luxury of the country has already gone. Protests and series of violence had already started. Our company revenue in Swaziland Operation has dropped by 40%. In this situation, business became difficult to operate. The necessary steps that we can take are:
1. Remove unnecessary expenses
2. Restructure the organization - try
to provide more skill to the employee - so that one can handle more jobs.3. Minimize the employee turnover - by socializing, managing group dynamics.
4. Communicate openly about the economic situation and our future steps.
5. Participate in the forums to discuss way to recovery.
6. Diversify the market to minimalize overall risk.
Risk in the
business sometime blocks the innovation. Or innovation comes up at the point of
risk. I have been looking after the change and how to handle the situation.
Over 70 employees
in the company may not be an issue in the global context. The crippled up
economy may have huge impact on the overall performance of a small company.
2 comments:
Moshtaq,Thank you for writing your thoughts about business and organization. I wish if I could have more discussion with you on this.
Shamim Ashrafi
JU.
Shamim, thanks for liking my blog.. send me your contact number to facebook. I will call you. otherwise, I will be in USA again this June. Wish to see you.
Moshtaq
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