Advanced Business Management Program 2

Day 51 - 949 days to go

Today is the second day of the Advanced Business Management workshop. In the morning, we discussed cases on a subsidiary of a global company which lead to management buy-out. In the afternoon, we spent about 6 hours, without tea break to do simulation for implementation change in a company. Some of the takeaways include:

1. Employees' buy-in is one of the most important factors
2. Adequate communication - not too much or little
3. Identify opinion leaders
4. Try not to use CEO or senior management to assert pressure on staff to accept changes
5. Track or record staff consulted or have meeting with

6. Engage expert or consultant to assist

7. Benchmaking and training are part of the important process

8. Last but not least, communicate, communicate, communicate