Posts Tagged ‘frugal’

By today (9thJan,2013) many companies may already paid the annual year end bonuses to their staff for a good work or performance achieved in fiscal year 2012.Ramli heard that in Malaysia those in the Oil&Gas sectors are rewarded handsomely about 4 to 6 mths bonus of their monthly salaries and some even as high as 12 months bonuses!

In the Govt they are promised 1 month bonus or RM500 minimum.

Usually many of those companies with Collective Agreements (CA) in place will agree on a minimum of 2 months bonus irrespective of the company actual business performance!

For Entrepreneurs the commitment to reward their People for a good performance by paying bonuses is a norm and many Entrepreneurs do reward well their staff especially the Top Mgmt with bonuses in Millions of USD or GBP and even SGD.Stories of Top Mgmt being paid millions of USD is common in USA and some even argue that the perks given to Top Executives are just too much and not a good practise!

Prof.Peter Drucker once cautioned Top Mgmt that the salary of the lowest excutive and the No.1 Boss must not be more than 40 times.So if a lowel executive is paid USD 2000 a month then the No.Boss must received a maximum monthly wage of USD 80,000 but that is not the case anymore in USA.Now they have the so called “Celebrity CEOs” whose salaries and perks are at their likes and wishes!Why pay so much then?

Celebrity CEOs can help make lots of profits to a company BUT also can lose Billions of USD to their companies or worst still make the company bankrupt!

Now,the World economic condition is really bad and like in Europe many countries have gone bankrupt and going to become bankrupt!Why?

People and the country have lived in excesses and they reportedly spend more than what they actually earned!So when there is no frugality and wise financial control,any country small or big can go out of control and bust!

Financial Experts need to study all the conditions and what actually caused all these financial problems and what are the people bad habits or poor money management and control?

Being paid good and high bonuses is a blessing actually and thank Allah SWT for being in the profitable sectors or industries and you get paid high bonuses rather than those in the slow and poor performing sectors.Lets hope paying good bonuses can see better performance with the Best Quality,Higher Productivity,Eliminate wastages and reduction of costs,Safer working environments,Higher Morale at work and great Team working and many more tangible and intangible benefits realized.

The habits of saving must be promoted more and more and less credits cards issued and more savings accounts or products introduced to the people!The more we save will be better than the more we spend at least we are debt free all the time! Cash is KIng in business and those companies that have good cash hoards are better off making new investments and increasing their assets and produce a better Balanced Sheet with more blue inks than red inks!

Say thank you to your company (esp the Business Owners/Entrepreneurs) who make sure the company runs well,make profits and make happy employees by paying their salaries,safe guarding their employment and paying good bonuses every end of the year!

 

Every CEO or Business Owner wants to ensure their business goes well and make profits while making all the customers and employees happy including all the shareholders etc…

Before you start a business you must know lots of things about your business and all the A to Z of making sure the business will survive and make profits.

You must also be a knowledgeable person with all the book smart and street smart thinking so that even a crook cannot trick you!You must know when to say yes and no and when to take the right actions to get the right results at the right moment in time.Its not that easyactually and many a times people make mistakes and some very “painful and hurt the pockets” of their own and their investors.

Like what Ramli have read in one of the issue of the World’s Top Selling Business Magazine like the Economist,businesses must know and understand the Basics of Good Mgmt especially when there is a sudden Financial Crisis and many Top Cos and not so Top Cos gone bankcrupt and thousands of workers have to be terminated and some with their VSSs’ packages.All these are because of Poor Mgmt Results or Performances and it looks impossible to sustain the business or keep it alive any longer than what everyone wanted to do or wish to do!

So,what then is Good Basic Mgmt?

As indicated by some experts:

1.Being Honest

2.Being Frugal

3.Being Trustworthy

are the main focus.Companies even being the Top 500 Biggest Companies of the World if they do not focus on these 3 important Mgmt Ideals then they too can fall (and some really did fall very bad and no more on the corporate maps)

If Chairmen and CEOs are not honest and being at NO.1 in the co,they can create lots of disruptions like corrupt practices,abrupt decisions,poor performances and finally bankcrupt their companies when there’s no more cash to sustain their operations or losses being hidden “under the carpets” and there was no “whistle blowers” to tell the real true story..maybe until 5 or 10 years later…

It is not so difficult to teach or train our People on subjects like Being Honest,Frugal and Trustful..is it?Maybe the answer is yes and no!

Yes,if when the No.1 “walk his talk and talk his walk” and no when it is done vice versa ie.does not mean anything as far as his talk and his walk…only bluffing….

Maybe you can say a person that speaks well or can market things very well have this ability to deceive and cheat people if they play the negative ways BUT if they are people with Great Humility and Personality then they will bring great progress,great performance and results to their companies concerned.

The other important attributes that Ramli wants to highlight on this Basics of Mgmt is being:

1.QUALITY CONSCIOUS

2.PROBLEM CONSCIOUS

3.IMPROVEMENT CONSCIOUS

In Japan many decades ago these 3 attributes were the main learning points for their QCCircles (QCCs’) and everyone in the QCC including the TQC Heads must understand this 3 attributes towards creating a Quality Company that prosper and satisfy her customers all the time.

If our people are not Quality Conscious then problems are not noticed and improvements will never be made !

Only when People are Quality Conscious will they then want to see that there maybe problems lurking around the corners of their businesses and if they find problems then they must find ways to solve the problems and improve the process so that they becomeĀ  “fool proof” where it is almost like Zero Defects or Zero Errors processes in placed.

So,these 3 attributes of being Quality,Problem and Improvement Consciousness are also the main learning that we must always inculcate or indoctrine our People so that these Basics of Mgmt are understood so well all the time and in full (meaning not just 30%,60% but 100% all the time)

So,before we take the “super bullet train” we must know first what a Train Ride is all about and not missing the stations or having lots of unhappy customers that actually do not want a super fast train since they enjoy better in a slower train that works 100% in full all the time then one that is new works less than 100% all the time and with great probability of errors happening..eg..too many electronics and too many processes that are macro and mini processes…so lots of control and checking processes..

Ramli hoped Top Mgmt will keep on emphasising the learning of Good Basics of Mgmt to their People and apply,review and improve them as times goes by rather than forget or ignore them as Important Subjects and pursue all the “Blue Oceans” when all blue,red,green or whatever color originate from the same ocean we all live all this while it is just we must know that all ocean have plenty of fish to eat and not pollute them or make them unsustainable or unliveable anymore…thats the basic problem,actually!

for more infos or need to communicate with Ramli please call hp:+6-019-2537165 or email: ramlipromoter@yahoo.com