Friday , October 19 2018

Yousef Awadh Al-Azmi

The collapsing company (5)

“Do the hard jobs first. The easy jobs will take care of themselves,” American writer Dale Carnegie (1888-1955). The company appeared like it has a new garment or it just came from the intensive care unit and it is recuperating now. However, the company’s situation is still in the danger …

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Mechanism of a collapsing company (4)

“You’re never a loser until you quit trying,” former American football player, coach and television commentator Mike Ditka. After decisive reforms and quick fixes, focus shifted to the most important financial portfolio — the company’s bank debts. As I mentioned in previous articles, this company took loans from three banks. …

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Mechanism of collapsing company (3)

“Returning what has been entrusted to you is the key for blessings,” Commander of Believers Ali bin Abi Taleb — may Almighty Allah be pleased with him. Therefore, the board opened two very important files: the first was about subsidiary and sister companies, and the second was about bank debts.The …

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Mechanism of a collapsing company (2)

TO initiate a rescue plan for a collapsing company, there should be an urgent need for precise diagnosis of factors which triggered the company’s downfall in order to start thinking about necessary rescue remedies. The rescue plan starts with sedatives like curbing expenses and preventing the company from further decline …

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Process of firm’s downfall – ‘Special talent vital’

“Some people confuse with bad luck”, American cartoonist Kin Hubbard (1868 -1930). What can a new executive do to rescue a company failing because of certain crisis that led to the resignation of its administrative board together with the executives, especially when the company appears to be in a free …

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Bonus shares or cash?

“It doesn’t matter how you came up with the idea, the important thing is where you will apply it,” Linda Moore. In the budget departments of major companies, especially during the annual financial audit, the management boards of such companies decide on profit distribution as they determine the percentage and …

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Is management the cause?

“Do not try to make circumstances fit your plans. Make plans that fit the circumstances,” US senior military officer General George Smith Patton Jr. (1885 – 1945). ❑ ❑ ❑ By Yousef Awadh Al-Azmi IN ANY company, establishment or even the private or government sector, the most essential thing is …

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‘It’s a two-way street’ – ‘Duty of oil firms’

“Responsibility walks hand in hand with capacity and power,” American novelist Josiah Gilbert Holland (1819-1881). By Yousef Awadh Al-Azmi IN MANY countries around the world, major companies usually trigger a clause on social responsibility and provide vital services to the country. These services could be achieved through several clauses  whether …

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Disputed decision

It is like a folk song that commiserates the current condition. The Kuwaiti government has just announced the formation of its Cabinet one month after its resignation, as if it was challenging the Parliament. The regional situation is amusing and sad at the same time, the enemy who was fighting …

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‘Content, not name vital’

“The happiest person is he who is least curious, stays away from people and gets satisfied with little,” Persian Mathematician, Astronomer and Poet Omar Khayyám (1048 – 1131). Writing is a world of bliss and passion for those who love it. It is a cure for the complicated condition of …

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