Eugene Rembor
Total live articles: 7
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The art of turnaround management is –amongst other skills- the arte of achieving results fast, very fast. In a crisis there is no time too loose because troubles need to be shot immediately and not at some point in the future. Being able to deliver change fast, means to be able to win the hearts and minds of people quickly.
Peter Drucker, the father of modern management and the world's foremost management consultant once asked Jack Welch, CEO of GE, two questions that proofed to be worth billions of Dollars during Jack Welch's tenure as CEO.
The average cost of replacing staff is currently twice their salary. This means that if you have to replace an employee who is on a £ 40 K / year package, the costs of replacing him or her are approx. £ 80 K.* Why? Whether you advertise or have to pay a head-hunter, recruitment costs can quickly add up to several thousand pounds. Vetting CVs, carrying out background checks, getting references, preparing and conducting interviews or perhaps even assessment centres - all costs you a lot of time
Common sense is very uncommon nowadays. You get awarded for being green for leaving a carbon footprint size 50.
Have you ever heard of Jet2 airlines? Don’t worry if you haven’t, it seems it’s not worth it. Mick Skee, a 47 year old disabled passenger who lost both his legs and booked a flight to Mallorca was told by the airline that his spare pair of prosthetic legs are excess baggage and he had to pay for it. Trying to appeal to common sense, humanity and customer service, Mick still fails: “I have been told that Jet2 are not prepared to budge”.
The name of game is Venture Capital, Angel Investment, Mezzanine Funding, Equity Release, Project Funding, Corporate Loans, Start up Capital – you name it. Everybody needs it but yet only a very few seem to understand how the global investment community works and how to deal with them in order to secure funding.
There is a lot of talk about Carbon Footprint and being Carbon Neutral, but do you actually know what it means, what impact it has to your business and whether or not you should bother?
