Bøger af Michael Teng

The recent financial turmoil has caused concern and worries about an upcoming global depression. Financial investments have been threatened, jobs have been lost and many uncertainties ahead. The situation has brought to the fore of everybody's imagination - the great depression of the 1930's which brought untold suffering to millions for an extended period of time. The suffering was not just economic; the mental impact was far greater. .This book is about helping individuals who feel threatened and how they can channel their resources as well as prepare to face another great depression. If you are scared and are wondering how you will cope, it is essential that you realize that you must turnaround yourself mentally now if you are to cope with the stress that lies ahead of you. . For those faced with this situation too, this book will be of assistance for there is a vast section on helpful strategies and poems to deal with stress.

Have you ever asked yourself the question "Are office politics really that bad?" and found yourself answering "Yes!" Well, perhaps then this is the book for you. The animals play politics as a way of life to survive in the jungle" ahttps: //admin.createspace.com/Admin/BookEdit.do?id=3366842nd If they get played out, it may mean ending up as a meal for other animals;. Also, with the global recession, many jobs are going to be lost, and our concrete jungle is quickly becoming a true struggle for survival of the fittest. Under these conditions, good performance, creativity, effectiveness and efficiency are mandatory requirements for you to keep your job. One also needs to learn survival skills. By learning from the animals which meet crisis frequently and observing how they play without being played out, we can increase our own ability to survive in the concrete jungle. One of the important survival skills is learning how to handle office politics.

These are tough economic times indeed. Any office professional cannot be blamed for paying more attention to his own practice of office politics. After all, a mistake today -an unfortunate slip of the tongue -and you can easily be filing for unemployment the next day. It is time to take a humorous look at the culture of the modern office, all around the globe. After all, some miscues are unavoidable, yet most of the issues we face today can be aptly prepared for. There is advice and wisdom in this book to help you navigate the worst of waters. This isn't a piece you will want to miss. The wisdom herein was gathered from east to west, spanning the globe! The book is presented in cartoon form which depicts the everyday events in the office environment.

Corporate Cyberwar chronicles the daily battle between technical criminals and law enforcement. As new and advanced ways to cheat and financially ruin companies are discovered, many authorities not only have to figure out ways to stop it, but they also have to create new laws in order to prosecute the perpetrators. This book addresses how businesses/corporations can protect themselves against this increasingly vicious attack. To help convey the importance of protection and awareness, Cyberwar explores two very important cases, WikiLeaks and Stuxnet. Businesses/corporations are given a better understanding of such similar attacks in the future. Corporate Cyberwar does not only focus on problems, it also provides solutions. There is a point by point explanation of how Crimeware, Bot Networks and DDoS (Distributed Denial of Service) take place, which helps businesses/corporations understand exactly what needs to be done in order to prevent the attacks. Cyberwar is not only for those with a moderate understanding of technology, it is also for those with limited understanding of this threat and its devastating effects.

This is a golden opportunity during this global economic recession. Now, stay at home mothers, unemployed people, unsatisfied and satisfied employees planning to have another source of income, men and women who are looking for effective way to earn extra money have an opportunity to do so while actually helping other people and themselves achieve wellness. Physical wellness is touted as the next biggest global industry. The best kept secret is that as an individual, you can easily participate in this segment and reap the profits through the home spa business. This book is carefully designed to present to you all the aspects of the home spa business. Home spa is a breakthrough way for many individuals to start a business without the hassles of having big marketing budgets and start-up costs. This book is a ready training manual that will help the readers jump start their home-based business

Small business owners and managers may never, in their wildest imagination, dream of beating the giant corporations. Yet many small businesses do survive, thrive, and even defeat major corporations by leveraging their unique advantages. This is now possible with the advent of the Internet and globalisation. Many modern corporate giants such as Google, Facebook, Amazon and Ebay were unknown minnows ten years ago. How did they win the game against the corporate killer whales? Meanwhile, many big companies have collapsed like a house of cards because they are over-leveraged and inflexible. Small is the new big; small is beautiful; small is "the new normal". "Small is the New Big" examines many cases where small companies have defeated giants. It also describes how small companies can surmount the mountains of competition, by using time-tested strategies to emerge victorious over the giants.

This book will help readers understand that there is a way out of corporate failure whether in the East or West by implementing certain essentials of corporate turnarounds. The techniques may vary from country to country, but the general turnaround principles are similar. As in the world of medicine, certain symptoms may look alike, however the treatment and medical dosages must be appropriate to the culture, patient and diagnosis. The corporate cases are gleaned from many countries in Asia, Europe, US and Russia to provide the readers with the full spectrum of practical turnaround experiences. This book is also recommended as a textbook on the subject of corporate turnaround.

In the smart phone business, how did Nokia overtake Motorola, Apple overtake Nokia, Samsung overtake Apple and now the Chinese manufacturer such as XiaoMi coming out of the blue to steal the market share of Samsung? Less than twenty years ago, these internet and technology companies were unknowns - Facebook, Google, Amazon, Apple etc. Today, the market capitalisation of these companies are even higher than many traditional companies. How did all these companies suddenly mushroom from nowhere to become global leaders within such a short time? It is the use of business model innovation. The critical success factor is not merely what business model innovations to adopt but also the right strategies and tactics as well as swift executions. This book will reveal the secrets behind the successful introduction and implementation of business model innovation of many of these companies.

The "Transformation Toolkit: Corporate Transformation to Improve Productivity and Innovation" provides the means to diagnose an ailing business organization, and then plan and pursue the steps to keep it alive and make it healthy. The Toolkit starts with diagnosis, and then moves through three phases of treatment. This approach satisfies the need for quick "surgery" to keep the organization alive through productivity improvements; "resuscitation" after surgery, to grow market share; and long-term "therapy" to promote innovation and creativity. Additional chapters deal with office politics, personal health and personal transformation, among other vital topics for transformation executives. Exercises and questions transform the reader into an active participant. The Toolkit applies to both manufacturing and service industries. Its principles scale from small and medium companies through multi-national corporations. But be warned: this tool is unsafe in the wrong hands...your competitor's.

This is the second edition of the best-selling book, Corporate Turnaround published in 2002. Now we are encountering another global financial crisis as iconic companies like Lehman Brothers, Freddie Mac and Fannie Mae fell, while erstwhile leaders like AIG, General Motors, Ford and others survive only because of government bailouts. The European zone is also having problems with sovereign debt problems. What is it that makes companies sick and turnaround? This book analyses corporate sickness like a doctor analyses sickness in a patient. Drawing from both the eastern and western systems of medicine, this book draws parallels with corporate sickness and how a combination of the two approaches will make a sick company healthy. And just as doctors now advice that you don't really need to get sick to get healthy, the prescription in this book can also be used not just by a sick company looking for a turnaround but by any company wanting to transform to be healthy and grow A must read book by all professionals wanting to see their companies grow healthily during this tough economic environment.

In the last few decades, the world witnessed the phenomenon of corporations seeking growth through mergers and acquisitions (M&As). This e-book explores the concept of mergers, the reasons behind them, the stages and processes involved in M&As. Corporate news since the 1980s suggest that at least 50% of mergers that were undertaken resulted in disappointments. Some highly publicized mergers eventually were "demerged" Despite such highly publicized failed mergers, M&As remain a common growth strategy which in turn may affect the entire economy, leading to significant changes in the structure of employment, employee earnings and investor behaviour. Given the impact of M&As, this e-book also explores factors that contribute to merger success with a special focus on the cultural aspect of the PMI process which has been cited as a major reason for M&A failures. The e-book retells the GE Capital experience in acquisitions which appears to have become a bible of sorts in creating PMI plans. It also explores the Daimler-Chrysler experiences and the evolving Lenovo strategy. It includes personal experiences of the author regarding M&As.

The world economy is caught in the throes of a second great depression. Many companies are on the brink of failure. To save them, leaders will have to follow some very basic and time-honoured principles to navigate successfully in this treacherous time. These critical guiding principles, which are instrumental to turning a failing corporation into a success, can be found in both the spiritual and secular worlds. Because God is a guiding light in our personal lives, so, too can the Lord's teachings augment our decision-making toolbox. The author has identified the 101 most critical corporate turnaround and transformation principles from Biblical laws and secular tenets in both medical and corporate terms, giving voice to a concise and unique view of corporate wellness. And through this insightful book we can find corporate enlightenment during this turbulent and tumultuous time.

Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field.Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated Treasuries. Who would want to invest here? Once their financial distress becomes evident, there is lot of panic selling and these then trade at deep discounts. At this stage, they present an attractive opportunity to anyone who has analysed their true worth. In recent years, private firms such as hedge funds, private equity firms have been among the largest buyers of distressed securities. They hold the securities until they have appreciated, and then sell them. This book examines the fundamental issues in relating to buying and selling of distressed companies. It is a sequel to the first highly successful book by the same author: Fundamentals of buying and selling companies.

China is known as being a modern super economic power; however, the philosophers by whom the businessmen in China follow are anything but modern. Chinese businesses have adapted the teachings of ancient philosophers and use their wisdom to generate excellent companies. Several Chinese companies are Fortune 500 companies - and these companies have gotten to their positions because of adapting these philosophies. Overseas Chinese are early adopters of the ancient Chinese philosophers have benefited and controlled the economies in Singapore, Indonesia, Malaysia, Taiwan, Thailand, Hong Kong, etc. One of the greatest philosophers in China was Admiral Zheng He. He had philosophies, which have echoed down throughout history. His approach to peace, in a time of war, is actually utilized quite regularly in boardrooms albeit not as well known or popular as Sun Zi. He is considered a business transformation guru and his techniques used to garner hundreds of fleet of ships and thousands of people to take the risk to travel with him in treacherous seas and faraway lands. And Zheng He left behind good will with all the countries that he visited. This is corporate transformation at its best. By gleaning from Zheng He, we can follow his steps for our business life. He, along with several other Chinese philosophers, have changed the way the Chinese do business. This book looks at his life and teachings, along with several other well-known philosophers' lives such as Sun Zi, Confucius etc, and shows how we can utilise these great teachers' technique and teachings in our business life . May the wisdom and truth of ancient Chinese teachings guide you and prepare you for business and beyond.

Small business owners and managers may never, in their wildest imagination, dream of beating the giant corporations. Yet many small businesses do survive, thrive, and even defeat major corporations by leveraging their unique advantages. This is now possible with the advent of the Internet and globalisation. Many modern corporate giants such as Google, Facebook, Amazon and Ebay were unknown minnows ten years ago. How did they win the game against the corporate killer whales? Meanwhile, many big companies have collapsed like a house of cards because they are over-leveraged and inflexible. Small is the new big; small is beautiful; small is "the new normal." "Small is the New Big" examines many cases where small companies have defeated giants. It also describes how small companies can surmount the mountains of competition, by using time-tested strategies to emerge victorious over the giants.

Business diagnosis is a comprehensive handbook that helps you determine the health of your organization as on a particular date as well as provide cost restructuring programs to immediately restore the financial health. There are two parts to this handbook, namely Business Diagnosis to help ascertain the state of health of the company and Restructuring Costs which focuses on the areas for cost-cutting and cost-saving. You can use this handbook to periodically check the health of y our company and implement cost restructuring measures. In addition, you can track its progress. The major issues relating to the corporate health in terms of finances, marketing, human resource are listed so that the readers are aware of them for their assessment of the state of health of their organisations.

Everyone wants to be their own boss. The easiest way to do this is to have your own business. You can own a business and be your own boss. But to own a business, you either need to start your own business or buy an existing business. Starting a business is not for everyone but yes just about anyone and everyone can buy an existing business. This book will guide you on how to buy an existing business for the right prices, turn around the business if the business you purchased is a sick business and how to grow your business through mergers and acquisitions. Through mergers and acquisitions, you can grow your business many folds. Once your business has grown, you may want to sell it and get back your nvestment and a profit. This book will also guide you on how to sell your business for the best price. It is written by a practitioner who has gone through several mergers and acquisitions as well as turn around troubled businesses and sold them away for a great profit.

Companies are downsizing, rightsizing and no job is secure today. And the ordinary working men and women are certainly disturbed enough to get on the latest fitness program - survival of the fittest, that is. It means playing... office politics! Many corporate executives are at a loss as to how to handle office politics - should they ignore, or play dirty office politics? We can take guidance from the ancient book - the Bible. Many Bible characters also played politics to survive, thrive or prosper. The principles and stories in the Bible are applicable today for many corporate executives seeking solace and a clear conscience to steer through the office political mess.

Business models do become obsolete very rapidly nowadays. Business model is how to capture, create, develop and deliver value to the customer and market. In this booklet, the author lists the many examples of business models that companies may wish to adopt and innovate. Many businesses fail because they let their business models fall into stagnation and their value proposition to their customers gets eroded. Although business models can be similar, businesses are not. Businesses are different when they innovate or re-evaluate their business model by asking themselves who they are, with whom they work, how they can capture and create value, and how sustainable the model is.

This training manual on corporate turnaround and transformation methodology is probably the first of its kind in the world for restructuring specialists, change management executives, business students and companies seeking to improve their financial performance. The methodology incorporates the best mangement practices from the West and Eas

China's greatest transformation expert was, arguably, Admiral Zheng He. Six hundred years ago, Zheng He served the Ming Dynasty's Emperor Yongle as an overseas ambassador. Long famous as a diplomat, Zheng He may also serve as an example of a collaborative business executive who transforms others. In contrast to autocratic monarchs or "lone wolf" chief executives, Zheng He exemplified collaboration even when seeking a goal with single-minded determination. This article also examines how Jack Welch, the former CEO of General Electric (GE) and renowned transformational manager also used collaborative efforts to bring GE to greater heights. He also mellowed down his style as a Neutron Jack in the earlier years of his career to Transformational Jack, following the footsteps of Zheng He's art of collaboration.

This book deals with a prolific corporate turnaround expert, one who literally changed the course of world history not only during his lifetime but also for more than twenty centuries since. This person is still changing the world. His teachings are as relevant and applicable today as they were more than 2,000 years ago, and will continue to enlighten people as long as there are people to be enlightened. This man is Jesus of Nazareth. Jesus is indeed the greatest turnaround expert in the history of mankind. He transformed a team of twelve disciples - fishermen, tax collector, ordinary folks with humble background into a major board of directors that rocked the whole Roman Empire then and still his teachings are still guiding the world today.The teachings of Jesus are even more important and relevant today as the global economic system is collapsing. There are many lessons of corporate turnaround and transformation that we can learn from Jesus. .

Is downsizing the answer to solving corporate woes? Why is my company not growing? Why do companies fall sick, recover and subsequently succumb to the same ailments? If these questions sound familiar, chances are your company is in a slump and it does not seem like the situation will improve any time soon. Like many companies, yours has fallen sick due to corporate viruses, such as global economic slowdowns, the rapid changes of globalization, terror attacks and incompetent management. However, even dying companies can attain holistic and long-term recovery by applying the new breakthrough prescription of surgery, resuscitation and nursing. Using medical analogies, Corporate Turnaround: Nursing a Sick Company Back to Health prescribes effective and easy-to-administer turnaround techniques in the right doses. These techniques have been successfully applied by many turnaround specialists globally and re-formulated to be both universally applicable and user friendly. Dr Teng offers a promising and insightful programme for restoring life to troubled companies. His book contains a very important message for the many ailing companies in Asia and elsewhere, namely that there are workable diagnostic and therapeutic steps to cure the patient and restore health - Professor Philip Kotler, S. C. Johnson Distinguished Professor of International Marketing, Northwestern University, US This ground-breaking book expounds turnaround concepts such as surgery, resuscitation and nursing which are at the leading edge of turnaround management. A recommended reading for all business schools and executives interested in building strong enterprises. - Professor Vijay Mahajan, John P. Harbin Centennial Chair in Business, The University of Texas at Austin, US

In the last few decades, the world witnessed the phenomenon of corporations seeking growth through mergers and acquisitions (M&As). This e-book explores the concept of mergers, the reasons behind them, the stages and processes involved in M&As. Corporate news since the 1980s suggest that at least 50% of mergers that were undertaken resulted in disappointments. Some highly publicized mergers eventually were "demerged" Despite such highly publicized failed mergers, M&As remain a common growth strategy which in turn may affect the entire economy, leading to significant changes in the structure of employment, employee earnings and investor behaviour. Given the impact of M&As, this e-book also explores factors that contribute to merger success with a special focus on the cultural aspect of the PMI process which has been cited as a major reason for M&A failures. The e-book retells the GE Capital experience in acquisitions which appears to have become a bible of sorts in creating PMI plans. It also explores the Daimler-Chrysler experiences and the evolving Lenovo strategy. It includes personal experiences of the author regarding M&As.

Why would anyone want to invest in a company that has declared or is near bankruptcy? Most people would not want to touch such a stock but there are many who specialize in this very field. Distressed securities are the securities such as stocks, bonds, other financial claims of a company that is close to or has reached financial distress. If a company has filed for bankruptcy, it is under financial distress. This category also includes bank debt and non-performing loans. They fail to make regular interest or principal payments, and they trade at yields higher than those of similar dated Treasuries. Who would want to invest here? Once their financial distress becomes evident, there is lot of panic selling and these then trade at deep discounts. At this stage, they present an attractive opportunity to anyone who has analysed their true worth. In recent years, private firms such as hedge funds, private equity firms have been among the largest buyers of distressed securities. They hold the securities until they have appreciated, and then sell them. This book examines the fundamental issues in relating to buying and selling of distressed companies. It is a sequel to the first highly successful book by the same author: Fundamentals of buying and selling companies.

Are you a distressed business owner or executive, feeling helpless and trapped as you watch your underperforming company fall apart at the seams? Did your company take a fall from the global economic recession and turmoil? Are you looking at how you can increase your productivity innovatively as all your existing ideas and plans are not delivering the results that you want? Do you wish to transform your organization but do not have a clue as to how or where to begin? Are you stressed out with not knowing how to motivate your teams, keep up with changing technology, counter the slowdown in global demand, combat your competitors in a fast-moving business environment? If you answer yes to any of these questions, then this handbook is for you. This handbook offers the comprehensive and complete toolkit to help you thrive during these turbulent times.

The failure to predict and address our current global financial problems could be directly attributed to poor leadership. It was bad and unprincipled leadership that brought us to the dismal situation we are in now. Fortunately, it will be good and principled leadership that can get us back on track again. This book discusses how an enlightened leadership can steer the course of an organization to path that it wants to be in. Although its primary focus would be for people who are involved in corporate change, it could also benefit people who are involved in all kinds of organizations, large or small. The concepts of leadership and its use in managing any kind of change would be useful for the CEO, the manager, owners of businesses, leaders in society, and for the student in change management. This book is for everyone. Whether you are a member of the board of corporations, CEOs, managers, entrepreneurs, and just students of management, you will learn how leaders of our times and of biblical times have used the concepts of leadership and how they used this kind of leadership address the different requirements for change.

Everyone wants to be their own boss. The easiest way to do this is to have your own business. You can own a business and be your own boss. But to own a business, you either need to start your own business or buy an existing business. Starting a business is not for everyone but yes just about anyone and everyone can buy an existing business. This book will guide you on how to buy an existing business for the right prices, turn around the business if the business you purchased is a sick business and how to grow your business through mergers and acquisitions. Through mergers and acquisitions, you can grow your business many folds. Once your business has grown, you may want to sell it and get back your nvestment and a profit. This book will also guide you on how to sell your business for the best price. It is written by a practitioner who has gone through several mergers and acquisitions as well as turn around troubled businesses and sold them away for a great profit.