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Will You Add? - Are Lay-offs the Only Option?
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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
An Adventurous way of making money in the bank is through the purchasing of money making funds - stocks, bonds, and mutual funds (Mutual Funds are technically known as the open end investment company.)Each Investment Company must state its objective whether it be to preserve principle so its purchasing power keeps up or beats inflation. The investment company might have as its objective to speculate in new companies with great upside potential for growth, while others invest in blue chip common stocks and high grade government bonds. Whatever their objective is it must have its mission statement expressed and the company can not late
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 performance and more to send a signal to the investment community – Wall Street. Corporations
Business Chances1: Basic Scientific Research and Development Programs: A Key to Successful Business A vital part of all the major companies is their R&D sector in the advanced countries. The universities and large institutes e.g. Max Planck Institute, Fraunhoffer Institute, DLR (Deutsche Luft und Raumfahrt), Walter-Schottky-Institute (WSI) in Germany, National Physical Laboratory (NPL) UK, National Institute of Health - USA, National Renewable Energy Laboratory - USA, CERN - Switzerland, CEA - France, NRI - Japan, etc ... They have useful ideas, shaped into projects which end into a genuine product as a result of a stro
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 performance and more to send a signal to the investment community – Wall Street. Corporations
With almost daily news reports of companies laying off workers, or filing for bankruptcy, or going out of business altogether, losing your job suddenly doesn't sound all that unlikely. Here are some strategies either to avoid being laid-off, or to cushion the blow if it comes.1. Keep your resume current. If you haven't looked at your resume in over a year, drag it out and review it. Make sure you've included your latest work accomplishments and that it adequately represents who you are. Whether or not you are looking for a new job, you should update your resume every time you get an award, finish a big project, or get a promotion. 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 performance and more to send a signal to the investment community – Wall Street. Corporations
Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.One can use the concept of refinance a home loan for unlimited long term benefits. Liquidating home equity and using the cash difference for debt consolidation has become very popular concept in the US mortgage market. It is very important to understand the right ways and wrong ways to complete refinancing a mortgage as per personal needs of the individual especially when suffering from bad credit score. Always keep below elaborated po
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 performance and more to send a signal to the investment community – Wall Street. Corporations
I know what you’re thinking: why should I put my money in a place I’ve never even heard of before? Even for those who do know something about Pakistan, courtesy of CNN (and sometimes the BBC) have seen pictures of violence – people burning effigies of President George Bush, rioting, army personnel swarming over so-called terrorist camps and, of course, not to forget, a whole lot of bloodshed. No wonder it is usually confused with other places like Iraq and Afghanistan, which are actually going through very bad times.But trust me, Pakistan is different. I know this sounds clich?d – AND you’ve probably heard it all a million times befo
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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