[Stina]

The global financial crisis has already affected millions people around the world in some way or another. Are you worried about how it will impact your job situation or financial security?

Who or what is to blame for the turmoil? What should be done to mitigate it?
Read about the latest developments and efforts to tackle the crisis in the Radio86 Special Report section and post your own comments on the subject in this forum.

What I'm worried about is that companies start to use the global crisis as an excuse for closing down companies that have run into trouble... In some parts of China thousands of workers have been left stranded without pay when the outlook has dimmed just a bit and the co owners have bailed out.. I think the worst is still to come

what will happen to the thousands of laid off workers in rural China's manufacturing hubs. Will they too move to the cities? or will the government "save" them with some sort of economic stimulus plan? the gov can't save everybody...

I can see that China is really determined to do everything it can to counter the economic downturn. Just this week, it resumed direct transportation links with Taiwan. I think that's great, cause it will benefit both sides!! So in a way, this economic crisis is bringing governments together for a common cause...

how come we only hear about the layoffs and the news stop there? All this labor force must end up somewhere... do they flow into other sectors or just really end up unemployed???

[Houston]

Stuart McPhee interviews with one of his mentors, Daryl Guppy in Dalian, China. Both Stuart and Daryl presented at the Global Chinese Financial Forum in Dalian, China on Thursday 30th October 2008. Guppy comments on the current financial crisis, the...

go through the link http://virtualreview.org/china/zoom/...economy-part-2 it was a good interview just check it.

[julietEa]

Ursprungligen postat av lotus

What I'm worried about is that companies start to use the global crisis as an excuse for closing down companies that have run into trouble...

I totally agree to this. It is definitely true that some companies are in real trouble due to the crisis but I think a couple of them are just using the crisis in order to downsize and to dismiss people. Unfortunately the crisis affects the whole world and no country is untouched. The crisis also has a bad impact on the Californian economy.

[olga milman]

I think that China is doing great job of mitigating the effect of exports drop off. The country had enormous surplus in recent years and they are putting it to work. This is one of the examples where a centralized approach to the decision making can really pay off

cheers,
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Olga Milman

[Robert_us]

Profit, simply put, is the gap that exists between a firm’s revenues and its expenditure. So, as long as the company is able to increase its revenues at a certain rate and its expenditure increase at an equal or lesser rate, the company’s profits are likely to improve – this is a layman view of things. Revenues are, in turn, dependent on volume and price.

This is where cost-cutting, production efficiency and smarter financial management can help. Increasingly, business analysis and financial benchmarking tools such as FINTEL’s Business Scorecard and Industry Metrics are being used by industry leaders seeking to sustain and enhance profitability. By highlighting areas of operational and financial inefficiencies, and presenting industry benchmarking and best practices data, these financial intelligence tools provided by FINTEL are helping managers to control costs and thus, maintain or even enhance the gap between revenues and expenditures.

When it comes to financial performance, every organization wants to be among the best performers. However, many organizations do not know how to achieve this standard. If there is one way to improve business, it is through benchmarking with indicators. Not necessary that this strategy will find a way to beat your competitors. This is more bent on finding ways to improve your business. Benchmarking with indicators will give you an edge over your competitors.Financial performance defines how well a company is performing but not why it is performing that way. Business benchmarking can answer that question as organizations compare processes and identify performance gaps and areas for improvement. With the use of benchmarking and business performance systems, many organizations are improving efficiency and performance by reducing costs.
Benchmarking is a way to find out whether you are on the right track by being able to satisfy certain aspects of the market and excel in which your competitors are also doing. This business tool is necessary for any organization to succeed. Comparison with your competitors is also good for business. If you find that their practice is more effective and you want to implement the same in your business as well, you can do so with the help of benchmarking. I checked fintel's tools, its quite good.