Oftentimes, the prescription to turning around a company is "shrink to grow", where in some operating units are shut-down and employees are given the 'pink slip'. I do not believe this to be true in most situations. In fact, such a strategy deplete the company of vital resources, including good will. I am a believer in a more development centered approach of putting resources and assets to better use through reorienting them to new opportunities with a renewed focus. This article, based on an interview I granted, captures the essentials of a development-oriented & people-centered turn-around strategy.
Original Title
Subic Legend's Turnaround Story - Debunking the myth of the "Shrink To Grow" Strategy
Oftentimes, the prescription to turning around a company is "shrink to grow", where in some operating units are shut-down and employees are given the 'pink slip'. I do not believe this to be true in most situations. In fact, such a strategy deplete the company of vital resources, including good will. I am a believer in a more development centered approach of putting resources and assets to better use through reorienting them to new opportunities with a renewed focus. This article, based on an interview I granted, captures the essentials of a development-oriented & people-centered turn-around strategy.
Oftentimes, the prescription to turning around a company is "shrink to grow", where in some operating units are shut-down and employees are given the 'pink slip'. I do not believe this to be true in most situations. In fact, such a strategy deplete the company of vital resources, including good will. I am a believer in a more development centered approach of putting resources and assets to better use through reorienting them to new opportunities with a renewed focus. This article, based on an interview I granted, captures the essentials of a development-oriented & people-centered turn-around strategy.
Violation of Bank Secrecy Law (R.A. 1405) and Foreign Currency Deposit Law (R.A 6426), and violation of his right to privacy and the trust between a bank with its depositors - A simple case of "gross ignorance of the law" or "Crass Stupidity"? Letter of Reply of Atty. Raissa Katrina Marie G. Ballesteros to Khoo Boo Boon when HSBC and she, a Compliance and Legal Counsel of the Bank, goofed in disclosing details of Khoo Boo Boon's Peso and US Dollar Deposit without his consent.
R.A. 6426, The Foreign Currency Deposit Law in The Philippines Which Raissa Katrina Marie G. Ballesteros Violated in Disclosing Khoo Boo Boon, HSBC Philippines Premier Client's US Dollar Deposit