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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

Metrics will keep you sane

Doomsurfing.  When the COVID-19 pandemic began spreading across the world, I was consumed by news of the inexorable downward trajectory in our health and economic wellbeing.  However, being morbid is an unhealthy state of mind. Consequently, as an act of self-preservation, I now solely focus on reviewing these metrics - daily new...
CornellTsiang 02 Sep '20

What Amazon taught me about cost management

The dramatic downturn resulting from the pandemic has caused havoc in our economy. Businesses are struggling to survive.  Sweeping cost cuts to stem bleeding cashflows has been an immediate reaction as evidenced by mounting unemployment and shuttered stores. A continuation of this volatility means that it is imperative for businesses to...
CornellTsiang 26 Aug '20

What Groundhog Day teaches us about strategic planning

The core plot of Groundhog Day revolves around Phil’s pursuit of Rita. He adopts multiple strategies to achieve his goal of seduction seemingly without success.  However, Phil has the presence of mind to learn from his prior missteps, identify the drivers for success and accordingly, readjust his tactics.  Once on the right path, he...
CornellTsiang 19 Aug '20

"Wait and See": a strategy for failure

Poor strategic management is a leading cause of business failure as highlighted over the past three years in the annual ASIC Report on Insolvencies. Irrespective of market conditions, an agile strategy has been proven time and again, as fundamental to success. I learnt this the hard way as a leader through the last three financial crises....
CornellTsiang 12 Aug '20

Poor Workplace Environments Are Driving Employees To Quit Their Jobs

Wundamail have discovered that, in a study of 266 worldwide workers, 23% of employees have or are considering leaving their job due to the workplace. In their State of Workplace Report 2019, Wundamail found that poor working environments have negative effect on employee's mental health, and their productivity, whilst flexibility and...
rebeccamarie72 26 Oct '19