Why Businesses Need Turnaround Executives
December 13, 2011 by Krystyna Adamek
Filed under Business Strategy
Hiring a turnaround executive may be one of the most important and critical business survival decisions a business will make.
Any business, even one with a long history of strong performance, will at some stage need to introduce fresh ideas or change direction to remain competitive.
For underperforming or distressed businesses, stabilisation and careful steering out of crisis is required before setting out in a new direction.
In both cases, it is extremely difficult for people within the business to find the time or energy to objectively and critically evaluate what direction the business should take.
Those who take the time to think about the future of their business will consider hiring turnaround executives to help with the challenges.
How turnaround executives help businesses…
What a Slowdown in China Means for Australian Business
November 9, 2011 by Krystyna Adamek
Filed under Business Recovery
We have all become accustomed and comfortable with China’s rapid growth and development and it was China’s appetite for commodities that helped Australia escape the worst of the GFC.
Post GFC, we have to ask ourselves: how long can China fuel the Australian economy and how big will the impact of China’s slowdown be on our mining industry (the only industry that is keeping our macro-economic figures looking reasonable)?
How To Succeed In The Manufacturing Industry
July 13, 2011 by Krystyna Adamek
Filed under Business Strategy
This is the last in a four part series that looks at four of Australia’s core industries – Mining Services, Transport, Retail and Manufacturing.
In Australia, the manufacturing sector has grown at an average rate of 0.9% p.a. for more than a decade. Companies within the manufacturing sector employ almost one million people and account for 8.7% of GDP.
The manufacturing sector is now the second largest export contributor (after mining). Manufacturing accounted for 40% of total exports during 2009-10, demonstrating its importance in the domestic economy¹.
Despite this rapid growth, the manufacturing sector faces constant pressure from…
What Drives Business Reinvention?
May 20, 2011 by Krystyna Adamek
Filed under Business Recovery
Innovation and invention are hot topics amongst business and political leaders alike.
Innovation impacts on not only businesses growth and planning but also the country and society we live in – from the air we breathe (clean energy) to what we eat and how we communicate and travel.
When working with underperforming businesses, the subject of innovation and invention is often at the bottom of their list.
Yet if embraced, innovation can be used as a key to their success – and it doesn’t have to mean great cash outflow.
4 Key Tips For Innovation In Your Business
April 29, 2011 by Krystyna Adamek
Filed under Business Strategy
Being innovative in business often means the difference between success and failure.
Businesses need to be regularly reinvigorated by changing either the way things are done, or the products or services offered.
Reinventing yourself in this fast changing world can be a challenging journey; in fact, innovation is much like setting off on a road trip.
So how do you make the journey a lot more comfortable and bearable for everyone?
Here are a few tips to help you navigate the road to innovation:
