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How to gain the most out of your Operating Leverage

One major reason for stock markets performing strongly during the pandemic has been the belief that companies will layoff employees and replace them with technology. This is expected to make companies more efficient and thereby improve profit margins. Coupled with the vaccination program and government stimulus, investors expect profits to boom...
CornellTsiang 09 Feb '21

Gaining financial flexibility

Many corporates have managed the initial months of the pandemic crisis and are now settling into a period I call “limbo land”. It is a peculiar period of fluctuating activity.  Nations are either entering or exiting various forms of lockdowns.  This cycle will probably continue until a vaccine has been successfully...
CornellTsiang 02 Nov '20

Why your gut is failing you

Digital transformation has been a buzz phrase for years now. While the pandemic has stuck a rocket under this change initiative, there is one area which has lagged behind: executive decision making.  It is tempting to accuse senior executives as being digital Luddites causing this inertia. That is a fair accusation. Having said that,...
CornellTsiang 22 Oct '20

#OSW Melbourne - Why this is the best startup event to attend in 2020!

We're very excited to be hosting Techstars Online Startup Weekend Melbourne November 6th - 8th! This is the first-ever Online Startup Weekend in Melbourne. We believe our world-class startup ecosystem is packed to the brim with creative and world-leading founders and entrepreneurs. That's why we are thrilled to offer every designer, coder,...
startupvic 19 Oct '20

Bring back a bit of normal!

In normal times, businesses would have a vision. Resources and time would have been spent devising a set of goals along a road map to achieving this vision. In normal times, leaders would imagine stretch goals, which seemed impossible, for teams and staff to aspire to. The COVID-19 pandemic has disrupted many of these practices. In the...
CornellTsiang 19 Oct '20

Why do companies get stuck

During this pandemic, key lessons to be learnt from prior economic crises have been proselytized by every consultant and his dog - including me.  The fundamental message, which is essentially the same, revolves around impetus and change. Such advice has been extensively discussed for over a decade. Specifically, these are to quickly...
startupvic 08 Oct '20

Hunting for gold amongst write-downs

A common outcome emerging from earnings announcements this year has been losses arising from write-downs.  Within the US, impairment charges for the first half of 2020 have exceeded $260 bn which is almost 30% higher than the entire amount recorded in 2019.  Moreover, it is on track to exceed the highest for the past 20 years which...
CornellTsiang 30 Sep '20

In praise of frugality

The news is awash with speculation about what will be the “new” normal.  Topics ranging from health to schools to the economy have not been spared.  Understandable as it’s human nature to want security. Economists are feverishly discussing a variety of potential outcomes using letters as analogies: the letter du jour is K....
CornellTsiang 23 Sep '20

The gathering storm of insolvencies

Insolvency firms were expected to have a stellar year. However, the Federal temporary debt and rent relief programs have put the kibosh on anticipated business failures. Ironically, the majority of insolvency firms are struggling to survive. Whilst grim satisfaction may be an initial reaction, such relief programs may actually worsen the health...
CornellTsiang 16 Sep '20

Making bold moves

The pandemic crisis is in its early days and yet the gap between companies has already begun to widen.  In terms of profitability, those companies that have consistently taken strategic initiatives are beginning to step away from the rest of the pack.  Even within those industries that have suffered a major demand slump such as...
CornellTsiang 09 Sep '20