STRATEGIC SPIN-OFFS

1.Be customer focused, not product focused.
2.Get the right technology.
3.Get the right people.
4.If you demand the best, pay them like they are the best.
5.Senior management must set the vision and the example.
6.Look everywhere for good ideas that can be adapted to your business environment.
7.Insist on tangible results over flashy stopgap measures.


THE THINGS NEEDED IN TRANSFORMING A COMPANY :

1. The right people are essential to a successful transformation, espousing the need to hire the best and to develop them over their careers.
2. A good top management support.
A tougher challenge was making a staff see they must share their time and products.
3. The key to integrating services for customers in integrating operations with in the organization.


By : Lorenzo Tan, The President of United Coconut Planters Bank