The many thousands of Australian businesses that fall over the cliff each year impact the economy by billions of dollars. The social consequences are also severe, including bankruptcies, stress, layoffs, unemployment, and even suicides. Michael Fingland, CEO of Vantage Performance, says businesses should regularly assess their financials, identify critical KPIs, and confront the brutal facts …
How well prepared is your business to withstand any shock? In this episode, Michael Fingland introduces ‘productive paranoia’, a concept that made business author Jim Collins famous. Productive paranoia is the trait of being constantly alert to potential disruptions and challenges that could impact a business. Michael explains the process of brainstorming initiatives and creating …
Retail sales have plummeted, indicating a challenging economic climate for businesses, says Michael Fingland, CEO of Vantage Performance. Working capital management is crucial during tough times, with a focus on debtors, inventory, and creditor management. AI tools can significantly enhance productivity and provide a competitive edge for businesses, and so it’s important to stay updated …
Australia, in many ways, hasn’t recovered since the days of COVID. Productivity, for instance, has continued to suffer and is affecting businesses nationwide. Michael Fingland, CEO of Vantage Performance, says artificial intelligence is a productivity game-changer. He explains why you must understand and embrace AI or risk being left behind.
Increased stress levels are impacting businesses, and leaders need to be aware of the personal stressors that employees may be facing. That’s according to Michael Fingland, CEO of Vantage Performance, who says implementing stress management techniques in the office, such as yoga classes and team outings, can help alleviate stress and improve staff morale. Checking …
Successful corporate turnaround strategies typically involve identifying and making 1 to 2 major changes to the way a company operates. Given the current state of the economy, what specific challenges are you currently facing in your business? In order to overcome these challenges and ensure the long-term success of your company, what are the …
As a business grows, it becomes necessary to hire experts who can oversee various departments such as finance and sales. But what happens when the business is facing a crisis? During such times, it’s crucial to bring in a specialized professional who is trained to handle such situations – a Chief Restructuring Officer (CRO). …
As featured on BusinessNews.com.au, Andrew Birch, Executive Director of Vantage performance, explains how to embark on a successful business transformation journey. Read the full article on BusinessNews.com.au.
Culture transformation is the process of changing the beliefs, values, behaviors, and overall mindset of an organization. It involves a deep shift in the way people think and act, and it can be a powerful tool for turning around a struggling business. Culture transformation is important in a turnaround because it helps to create a …
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Operational restructuring is a process of revamping an organization’s operations, processes, and procedures to improve its efficiency, productivity, and profitability. This is typically done in the context of a turnaround, when a company is experiencing financial distress and needs to restructure its operations to improve its financial performance and avoid bankruptcy. Operational restructuring can involve …
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