Chapter12: One More Time.........

Year 2005 is bad year for SKALI because they have got 36 project simultaneously.it is because they not have enough employee to handle that's project and it's take highest cost.Malaysian Debt ventures was helping for them to get finance but they still have a problem to finance day-to-day operations.After doing annual strategic planning exercise,they have got solution for all problems and 2007 is a year to be focused for profit.They were studying the book "Good to Great" by Jim Collins and adopted his Hedgehog Concept to help them understand themselves and follow several factors.First factor was archived during 2005 and brought them outcome of was the Brand Onion.Using "Hedgehog" concept,they was know what they needed to do and what they do not need to do.The strategies they undertook were1. Break up the company into four main divisions2. Enhance MEB Business3. Refocus SEV – SKALI E-Ventures4. Promote a new management- Enhance the foundation of EBS project implementation.- Better cash flow operations- Cut cost like there’s no tomorrowSKALI was became a better company after they go through from many obstruction and return to thier focus to list SKALI on Mesdaq.They have achieved 82% from their profit target.Unfortunately,several employee was left SKALI because they could not take the heat of the revamp and cost cutting.However,It's make a strong culture of banding together through good and bad times for at SKALI and only the true Skalians were stayed.