Week 0. Appointment Letter. Handover of Assets List & Bank Accounts Balance.
Week 1. Check Departments Organisation Chart. Check everyone Resumes. Check everyone Job Description. Check Payroll Reports = any "ghosts" or unusual "unbalance". Check Bank Accounts balance. Check (P&L) Profit & Loss Statements & Balance Sheet.
Week 2. Request monthly Profit & Loss Reports. & Balance Sheet Reports. Request monthly Departments/Divisions Reports. Request monthly Inventory Reports. Request monthly Customer Sales Salesman Breakdown Report. Request monthly Cashflow Reports. Request monthly Payroll Reports. Request monthly HR Employees Performance Reports. Request monthly Production Numbers Reports.
Month1. MBO (Management By Objective) for Departments/Divisions. Monthly Budget for Departments/Divisions = Investment Budget + Payroll Budget + Petty Cash Budget.
Month2. Exit Recruitment = recruit those good ones terminate by bad officers. HR Policy = fringe benefits streamlining.
Month3. Strategic Alignment + Fit.
Month4. Balance Scorecard for whole Corporation.
Month5. Coaching & Training. Fusion Management + Team Spirit.
Month6. Employee Feedback + Brainstorming.
Month7. New Employee Selection. Warren Buffett: "there are 3 factors for me selecting new employee. First is personal integrity. Second is intelligence. Third is high level of energy."
Month8. Feedback Loop & Fine-Tuning. When Company is not doing well, get the feedback Reports & fine-tune it = do not change too much. Sometimes, small changes work wonders than big changes.
*Note: careful the Company/Economy/Country "overheat". Do not more than 100%. Best is 80%. For example, EVERYONE 80% low salary for cost cutting + 20% high salary for growth bonus.
*Note. LKY: "if you change, you are unstable. If you don't change, you are dead." What will you do?
*Note: Cstan98: "you plant the Trees, the Trees get the branches, & all the leaves fall in the right places."
*Note: main bulk of company expenses are actually directors & ceo expenses. They break or no break the company.
*Note: $100 increase to $1000 salary is worth more than $100 increase to $300,000 salary ceo.
*Note: Steve Jobs as Apple CEO for US$1 per year to turn Apple around.