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CORPORATE TURNAROUND BLOG
Learn from a renowned Asian turnaround expert and author

TELEVISION AND RADIO INTERVIEW

Television
Channel NewsAsia television (45 minute programme in Strategic Mind, July 2003) interview wih the author

Channel NewsAsia television (5 minute programme in Singapore Business Tonight, December 2002) interview with the author

Radio
NewsRadio 93.8 FM Positive Business Minutes, May 2004, September 2003, June 2002

NewsRadio 93.8 FM Living Room, October 2002

Interview on Malaysia Business Radio 24/6/09 - Part 1

Interview on Malaysia Business Radio 24/6/09 - Part 2

Interview on Malaysia Business Radio 30 June 2009

WHAT THE OTHER EXPERTS,REPUTABLE INDUSTRY AND ACADEMIC  LEADERS SAID ABOUT DR MIKE TENG'S TRANSFORMATION AND TURNAROUND WORK/EXPERIENCE

 

Mr Oei Hong Leong, Chairman, China Strategic Holdings Ltd, Hong Kong:

..His three phases of corporate turnaround,namely surgery, resuscitation and nursing, are workable and applicable to the restoration of many sick companies in Asia..

 

Professor Jagdish N Sheth, Charles H Kellstadt Professor of Marketing, Emory University, US

The health analogy used by Dr Teng is very appropriate, In fact, I believe most companies get in trouble just as we do individually, by not regularly exercising the body and regularly managing the diet.

 

Professor Vijay Mahajan, John P, Harbin centennial Chair in Business, the University of Texas at Austin, 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

 

Mr Harry Chua, Chairman, Hersing  Corporation Ltd, Singapore:

This book is very practice oriented, extremely informative and an asset for executives in both ailing and healthy companies.

 

Professor Kevin O'Brien, Pro Vice-Chancellor, University of South Australia, Australia:

Dr Mike Teng has used his substantial experience in corporate rescue to write a book combining his own experience, western management theory and an Asian perspective...In particular relevance to Asian business is an important contribution ..who has both practical experience and a strong academic background.

 

Dr Y Y Wong, Chairman, The Wywy Group, Singapore. Chairman, Pacific Business Economic Council:

Dr Mike Teng ..is able to offer revolutionary insights that promise universal applications with total clarity.

 

Professor Mike Wood, Executive Dean, Curtin Business School, Australia:

Leaders, university staff and students will find its international and local dimensions very helpful and the medical analogy innovative and instructive.

 

Dr Diana Young, Past President, Association of Small and Medium Enterprises, Singapore:

Many ailing small and medium enterprises will benefit from the information shared...those that are already doing well will also find ..helpful for scaling new heights.

 

Mr Gregory Tan, President, Institute of Public Relations, Singapore:

Calling all CEOs and corporate manager!...It will guide you all the way from the beginning of your company's journey right up to point where it is full steam ahead. Truly inspirational!

 

Mr E C Ong, General Manager, Baxter Healthcare  Pte Ltd, Singapore:

This book will aid many multi-national companies operating in Asia. It shows the pathways to success as well as the risks and pitfalls involved.

 

Professor Wee Chow Hou, Professor of Strategy, Management and Organization, Nanyang Technological University, Singapore; Chairman Nanyang Executive Programmes

An easy to read and understand book that provides some interesting perspectives which include the use of medical jargons and metaphors.

 

Professor Subhash Mehta, Visiting Professor, Faculty of Business and Commerce, University of South Queensland, Australian:

Interesting, insightful and rewarding.

 

Mr Chou Fang Soong,Managing Director, Gemplus Technologies Asia, Singapore:

Many multi-national companies operating in Asia will find..relevant in the Asian context...comprehensive plan for beleaguered companies to get out of the red as well as enjoy holistic and long-term recovery.

 

Dr David Ahlstrom, Department of Management, Chinese University of Hong Kong, Hong Kong

Corporate Turnaround provides clearly the steps needed to turnaround a firm's performance in the challenging Asian environment, where numerous pitfalls await the uninitiated...

 

Mr Jose Jesus F Roces, Associate Professor, Executive Education, Asian Institute of Management (AIA), Philippines

Dr Teng ..has developed recipes that will transform a critically-ill corporate entity into a healthy organisation..

 

Dr Robin Lau, President, Singapore Confederation of Industries, Singapore:

The turnaround techniques are systematically presented, thought-provoking and inspiring.

 

 

Mr Ronald M Bradfield, Academic Director, Asia, University of Strathclyde, UK

Here is a book full of practical advice on how to nurture and regenerate an ailing company by someone who has actually done it more than once

 

Mr Peter K W Leong, Group Financial Controller, Comfort group Ltd, Singapore

This book is a useful reference for corporate turnaround practitioners and a wealth of knowledge for those who desire to learn the craft from an accomplished individual

 

 

 

What the Media is Saying About Dr Mike Teng's Book...

Australian Alumni Singapore Newsletter, April 2003
“Having served as a CEO of several troubled companies, Dr Teng had demonstrated his corporate turnaround skills by successfully rescuing them out of near financial stability and robust growth again.  His unique approach of using medical analogies to drive home the concepts and methods of effective corporate turnaround presents businesses with turnaround solutions that are easy to grasp.”

SilverKris, March 2003
“Written by one of Asia’s leading turnaround CEOs, Dr Michael Teng, Corporate Turnaround is aimed at companies experiencing a slump in business and facing no prospect of improvement in the foreseeable future.”

Smart Investor, December 2002
“With a liberal helping of Sun Tzu and nods to Confucius and the Bible, Corporate Turnaround offers plenty of the author’s own insights, not to mention pertinent examples drawn from the experiences of well-known companies that have managed to swim rather than sink.”

Productivity Digest, May 2003
“Dr Teng shared his thoughts on Corporate Turnaround with some 120 chief executive officers (CEOs) and senior executives at a CEO Breakfast Talk.”

Peak Magazine

“In his new book, Corporate Turnaround, marketing maestro, Dr Mike Teng, dispenses his prescription for ailing Asian companies seeking relief from the economic doldrums.”

STAR, 5 May 2003
“Overall, the book reads well with the help of many tables and illustrations.  The currency and variety of the case studies provide another reading pleasure.”

 

What the others said about Dr Mike Teng:

Straits Times March 16, 1996:

Men who turn red into black

 

Boss Magazine (Mandarin), Dec 1997:

Turnaround Manager Star

 

 

Today 29 Jan 2002

Company sick? Call Dr Teng

 

Asian Business Wisdom,  Book by Dinna LouiseC. Dayao:

Michael Teng deserves to be called a "Turnaround Manager".

 

 

 

SAVE yourself from the ongoing economic woes!Sub-prime crisis, Bear Stearns, Freddie Mac, Fannie Mae, Lehman Brothers, …..AIG, Washington Mutual, Bradford Bingley, Fortis….Governmental financial rescue, global recession….crisis after crisis……The Second Depression…What is next?????

The global economy is moving into recession and the global financial market is in great turmoil. Asia is not insulated from these economic woes. This could mean potential challenges and problems to companies. Currently, there seems to be a systemic collapse in the financial system. Inflation is very high and people have to work even harder to make ends meet. Businesses have to find ways to stay afloat amidst the economic crunch and slowdown. Already, many companies are desperately finding innovative ways to increase revenue because of the decrease in spending amongst people!

Stay away from such a desperate situation and save your company from the trouble of having to deal with a depression RIGHT NOW! The solution may be just a click away in any of the books below.

If you are a corporate that’s trying to handle rapid change amidst a dynamic business environment in this competitive era then this is the most important message you are ever going to read. Or, you may be a lucky one reading this as your company is not in the critical life-and-death situation but merely seeking market expansion. Also, many companies in the West face intense competition and shrinking domestic market and surmise that a way to turn around their fortunes is to venture into high growth regions in Asia. It is a myth that it is a safe route to success by doing business in Asia. Though the business opportunities are great, there are many pitfalls and differences in business practices that these companies ought to be mindful about in venturing into high-growth Asia. What are these pitfalls and differences in business practices in Asia? If any of these questions resonate with those in your mind, then be assured my strategies will help you.

We now have solutions to meet your business challenges. You can overcome adverse changes to your business with ease. You no longer need to lose sleep over having to meet the ever increasing sales targets your bosses and shareholders are setting. You no longer need to fret over how to expand your business and increase sales. You won’t even have to struggle with coercing people to change their mindsets.

What I can offer you

How you may ask? With our website, http://www.corporateturnaround.com  now to your rescue, you will be able to make decisions regarding corporate turnaround and transformation needed to cope with a volatile business climate. Whether you are a business owner or a CEO, an executive or a business student, the resources provided in the website would greatly benefit you. You will get all your answers regarding business management in a world of rapid change.

Free articles, blogs, video and audio presentations featuring the best corporate turnaround and transformation practices from the East and West to achieve financial wellness are all out there for grabs. You can also purchase books written by me, featuring various management styles required to tide the company through difficult as well as good times. You can apply valuable insights obtained from the real-life case studies to effectively turnaround your company and focus on more profits.

Now, let’s face it. In this competitive global market and age, change management has become an integral part of our daily lives. Constant transformation is needed and the application of turnaround strategies are crucial in keeping your company in check and alive. Before I continue any further, let me give you a glimpse of what I have to offer. I call it my 3-step turnaround plan.

MY HIGHLY EFFECTIVE 3-STEP TURNAROUND PLAN

Step 1: Surgery

Improve your cash flow by restructuring the organization and putting a stop to the unnecessary expenses.

Step 2: Resuscitation

Inject new business income streams and boost existing sales to increase your profits.

Step 3: Nursing

Strengthen your corporate culture and team to build a strong and healthy corporate immune system to sustain long-term growth.

So here are the 3 steps that I have successfully applied in my multiple appointments of corporate transformation. You may be thinking, "Hey I know this". But the essence of the issue is do you really understand and more importantly, are applying them in a correct fashion.

The US marketing guru, Professor Philip Kotler commented, "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."

I will show you exactly how to keep your struggling and floundering company afloat while reaping profits. My methodology has garnered much praise around the world and people are eager to unravel the secrets of my highly effective strategies and techniques. Now, with my ultimate corporate turnaround and transformation methodology™, I provide you with the right tools and management advice you would need to put your company back on track for financial growth. Read on to find out more about me and what I have to offer!

My Success

Having more than 28 years of corporate experience in the Asia Pacific region, I have spent 18 years working as a CEO for multinational, local, and publicly listed companies, including ten years as the CEO for a US MNC based in Singapore. I have been honoured as a “fellow” membership status by many prestigious professional institutions in recognition of my extensive professional experience and strong academic background. I am committed to helping any business turnaround through my corporate turnaround methodology and materials.

My highly acclaimed approach is unique, based on a simple medical analogy that makes intuitive sense and therefore is easy to understand and adapt to your own particular financial situation. Why use the medical analogy. The reasons are simple. My medical corporate transformation led to this. Corporations today are barraged by external changes, which are analogous to viruses. Globalization, terrorism, the global recession, and rapidly changing technologies are constant environmental threats that can make your company sick – unless it has the requisite change management tools that it needs to avoid succumbing to a fatal illness. Just as you would consult with a medical doctor if you were ill, so you should consult with a turnaround doctor when your company is ill. I have extensive real-world experience and solid academic expertise that you need to completely transform your business from an ailing, weak patient to a robust and healthy corporation that’s ready to meet challenges of the changing marketplace head-on.

Want to know more about my credentials? I have been labelled the “Turnaround Expert and CEO of Asia” by the media, mainly due to my expertise in this area. I have managed several ailing businesses and turning them around successfully into the black and within a year. To illustrate one instance, one company was running USD -623,483 before I took over. Within 11 months of applying my methodology, the company not only recovered but made well over USD452,349 in profits with the sales revenue increasing by 52%. Now that is more than a million dollars that I help this company make. Wouldn't you like this result in your business?

What I have achieved!

In another longer appointment, the company's profits grew annually by 15-17% for the 10 years when I was at its helm. This led me to conclude that my strategies can help you sustain your business growth in the long term. My strategies prove to work just fine for any company with any kind of financial crisis. Well, they even work with companies looking to increase profits even further!

I am the first Asian speaker to be featured on Success University, the world's number one most visited personal development website based in US. I have also been interviewed on the national media on many occasions on the subject of corporate turnaround and transformation. I was named one of the top five authors of 2006 on BuildYourOwnBusiness.com. In fact, I am widely recognized as a turnaround CEO in Asia by the news media such as the Channel NewsAsia in Singapore Business Tonight and Strategic Mind, News Radio FM 93.8, the Boss Magazine, Economic Bulletin, the Today, World Executive Digest, Lianhe ZaoPao, StarBiz and the Straits Times. There have also been positively published book reviews in Silverkris, Smart Investor, STAR, etc.

So what is my methodology all about?

So how does my corporate turnaround methodology work? First, you must identify the specific virus that’s attacking and weakening your company. It could be increased competition, globalization, incompetent management, changes in consumer behavior, uncontrollable economic factors, or other common “viruses” that are present in today’s marketplace. The attacks on 9/11 and the global recession, for example, are viruses that have infected hundreds of thousands of companies in the U.S. Only once the type of virus has been identified can we determine which of my three treatment phases (or a combination thereof) will be able to cure what ails your company once and for all.

On my website, you can find a list of books I have published as well as video presentations I have put together to help save your company. The award-winning books would help lift your company out of a state of bankruptcy or help expand your business. I help you identify whether you should put a stake through the heart of the “living dead”, if this is the current situation of your company. My books also deal with how to perform surgery on a dying company and do whatever means at our disposal to bring the patient out of intensive care unit. You will learn techniques on expanding your business. In my first book, Corporate Turnaround: Nursing a Sick Company Back to Health my first book, I have highlighted some of the factors you need to consider when conducting your business in various countries in Asia. My books will help you to avoid the many mistakes of doing business in Asia. You need not worry even if your business is not in Asia. Many of the principles expounded are applicable for any businesses irrespective of geographical locations. In fact, many cases are cited in the book of the non-Asian corporate experiences. You may also be able to apply some of the gems of wisdom from the East, especially in the area of holistic corporate recovery.

Investment in Asia

I know what you are thinking. You are someone who is planning to invest in Asia, such as in countries like China and India and thinking to yourself that China, India and South east Asia are high-growth markets. So, they are a safe bet for you to expand and invest your business. Stop for a minute! You may be just lucky that your company is not in the critical life-and-death situation but merely seeking market expansion. Many companies in the West face intense competition and shrinking domestic market and surmise that a way to turn around their fortunes is to venture into high growth regions in Asia. It is a misconception that it is a sure-win route to success by doing business in Asia. Though the business opportunities are great, there are many pitfalls and differences in business practices that these companies ought to be mindful about in venturing into high-growth Asia. Find out from my resources what these pitfalls and differences in business practices in Asia are. My website will tell you exactly what the cultural difficulties and complexities are doing business in Asia. It is not as easy as you think it is.

The key to the ‘rescue’ phase as I have termed it in my book lies in 4 guiding Cs: communication, concentration, cost control and cash flow. A turnaround CEO takes on the role of a benevolent dictator. Along with his ‘platoon commanders’ has to implement short-term tough strategies while effectively communicating with the staff the need to deliver results. 

Here are some of my books:

My first book, Corporate Turnaround: Nursing a Sick Company Back to Health, became an instant best-seller because it was packed with informative and valuable strategies presented through my simple, powerful, and intuitive medical analogies. Laudatory responses from business professionals and academics around the globe helped me realize the extent of the corporate world’s demand for accurate and practical guidance in corporate turnaround methodology.

You can also look at my Corporate Wellness book which provides workable, preventive, diagnostic and therapeutic steps to treat sick companies, and to restore as well as maintain their well being. Corporate Wellness is not another textbook or trade book for corporate turnaround and transformation. It provides a quick understanding of how real-world business turnarounds and transformations are successfully implemented using simple and yet succinct 101 principles. I have also produced a video so you can watch me live as I equip you with relevant techniques that are vital for you.

In addition in 2008 and 2007, I have authored three other books, namely Training Manual: Corporate Turnaround and Transformation and Corporate Turnaround: Global Perspective and Fundamentals of Buying and Selling Companies . They provide materials for those who want to teach on this subject and real-life case studies of turnaround and transformation.

I have also written two books on how you can use internet marketing to turnaround your company. “Internet Turnaround: The Use of Internet Marketing to Turnaround Companies” is a step by step guide that will enable you to discover the rules of winning in the internet business. In 2007, I authored a book entitled: “Link Baiting to Improve Your Page Ranking on Search Engines.” These books have also received rave reviews and have proved to be useful to companies trying to resuscitate and revitalise their businesses using internet marketing.

MY GUARANTEE

No other website or business management tools would help you with such an valuable information on corporate turnaround and transformation. I share with you the little known secret of diagnosing the actual state of your balance sheet using simple tools. My resources help your business grow exponentially using resuscitation techniques. I also share techniques on how to enjoy long-term and holistic corporate sustainability using nursing techniques. Simple methodologies presented in my resource bank also help you to surpass competition without your competitors knowing. Also, learn about how to be an effective leader in your company.

Be rest assured of success after adopting my corporate turnaround methodology! In just 263 days you’ll leave your competitors dazed by your success. This is the best thing you can do for your company. Be sure that my materials are the only market offerings that are written by someone who has vast experience turning around troubled companies. I am sure you can find other books on turnaround and transformation, perhaps even cheaper. However, these lack the depth and breadth of experience that I am offering to share with you. And even though turnaround and transformation can be very complicated, my writing is never couched in complex, inaccessible jargon. Instead, my advice and guidance is presented in clear, straightforward language that you can quickly and easily grasp.

STILL DECIDING?

Why are you still waiting? Still not convinced about whether you should buy then I should warn you not to miss out on the best investment you will ever make for your company. Don’t just take my word for it. Look up the website and you will see that my resources and I have received compelling testimonials from well known business professionals and management experts around the world, as well as citations to prominent business journals and related magazines that expound on my book’s usefulness in bringing your company back into the black. The Smart Investor has this to say: “With a liberal helping of Sun Tzu and nods to Confucius and the Bible, Corporate Turnaround offers plenty of the author’s own insights, not to mention pertinent examples drawn from the experiences of well-known companies that have managed to swim rather than sink.” Mr Harry Chua, chairman, Hersing Corporation says that “This book is very practice oriented, extremely informative and an asset for executives in both ailing and healthy companies." 

You may find that some of the principles advocated in my resources are basic. This is because it is inherently true that turnaround and transformation go back to basic principles. However, sometimes common sense is not so commonsensical. If it is, the occurrences of business failures would be really few. Owing to business executives’ busy schedules, I have put the materials into simple, easy to understand and remember fashion so that they can facilitate application. However, do be mindful that in a turnaround environment, often times, the manager is put into a difficult position and he has little time to think clearly or refer to business books for guidance. Making the right timely decision and executing the decision are what matter. The medical analogy with simple principles will help the manager remember and know how to identify the right decisions to apply. These are time-tested principles used by many successful companies globally.

After reading all of this, you may now ask me what difference my plan and techniques have from the rest of the other transformation experts. What really sets me apart from my competitors? These are genuine questions as anyone seeking a turnaround remedy would be sceptical when there are so many of these kinds around. When I first wrote my book, it became an instant best-selling business book. I immediately understood that there is a market and need for good information on corporate transformation. And although it took me a while to write the two books, I am truly glad I did. My books and practical experience appeal to both serious turnaround managers as well as the general public because the turnaround techniques are culled from the best management practices from the West and East as well as personal hands-on experience. For your own benefit, let me summarise what I have to offer.

1) I have more than 28 years of corporate experience in the Asia Pacific region with 18 years holding Chief Executive Officer positions in multi-national, local and publicly listed companies. I had led in the turnaround of several troubled organizations. Some were brought back from near bankruptcies to life. I am known by the media as the “Turnaround CEO of Asia”.

2) I use medical analogies to explain complex turnaround concepts and methods so that they are easily understood and applied. In a crisis situation and if you do not have prior hands-on turnaround experience, you have to learn very quickly. My medical analogies will help you intuitively make the right decisions as we understand the workings of our physical body. This is because there is a strong parallel between physical and fiscal health. Without the resources available in this website to explain the complex turnaround issues in simple terms, you and your people may not know how to properly execute the turnaround plans.

3) My turnaround techniques (Corporate Turnaround Centre@ copyright) are culled from the best management practices from the West and East. My books and practical experience appeal to both serious turnaround managers as well as the general public. The techniques and concepts covered are also equally applicable in healthy companies in enhancing their corporate fortunes for sustaining long-term growth.

4) My first book has become one of the best-selling business books. Please read the endorsements, testimonials and reviews by the top academic and business leaders and the press. Readers in Asia will be able to readily identify with the concepts discussed, which are liberally spiced with Asian and oriental gems of wisdom. Non-Asian readers will be able to gain valuable insights and perspectives, which are especially useful in doing business in the Asian region. Subsequently, I have written at least five other books on the subject of Corporate Turnaround and Transformation and hundreds of articles on the related subject.

MY PROMISE TO YOU

I will give a 90 day money back guaranteed offer for my books. If my strategies do not work for you, then come back to me with your complaints within 90 days and I will refund you the money you spent on me. NO QUESTIONS ASKED!

I am offering you a special price for my books, which can be found on the website. Grab your copies now to enjoy huge savings.

Now, that you are fully convince that I can genuinely help improve or save your business, what are you waiting for? Get into the act now and check out what I have in store in the books below. Be the one to save your company and be responsible for converting your business into a profit-reaping one.

Regards


Dr Mike Teng
DBA (UNISA), MBA(NUS), BEng, FIMechE, FIEE, CEng, PEng, FCIM,FMIS,SMSCS, PMC

Managing Director
Corporate Turnaround Centre Pte Ltd   
 

admin@corporateturnaroundcentre.com 

P.S. Be rest assured of success after adopting my corporate turnaround methodology! In just 263 days you’ll leave your competitors dazed by your success. This is the best thing you can do for your company.

P.P.S. Tell you what, for this Special Offer, I am Willing To Let You Try the Strategies in The Books for 90-days. And If It Does Not Improve The Wellness of Your Business during this period, Just Return the Books and I will Happily Refund You 100% of the Purchased Price, NO QUESTIONS ASKED. You have nothing to lose

 
     

 
     
DISCLAIMER: Every effort has been made to accurately represent the product and its potential. No promises, guarantees or warranties, whether stated or implied, have been made that you will produce any specific result, income or sales as a result of purchasing/subscribing. Your efforts are individual and unique, and may vary from those shown. Your success depends on your efforts, background and motivation. As with any business endeavor, there is an inherent risk of loss of capital and there is no guarantee you will earn any money. And owing to the complex and uncertain nature of turnaround and transformation, the company, author or the agents shall not be held liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits or increased losses arising in any way from (i) the information contained on this website (ii) any information transmitted via this website, books, ebooks, audio or video.
 
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