INTRODUCTION
Nowhere in the corporate world will you ever find a Chief Executive Officer (CEO) being hired without any experience in managing people and more importantly how to manage profitability of a company. I believe the mismanagement we have seen in the way our country has been directed over the last decade is a result of inexperience at the highest levels of Government.
We have a President that never managed an entity in the private sector and most ministers that are in portfolios never had any experience. You can judge which ones fit those criteria.
This week we were once again humiliated by Suriname, demonstrating our lack of defence. We will have to sign the Economic Partnership Agreement that our President waited until a few weeks to realize that he did not agree, and again this week, after 16 years in government, realized that the Demerara Harbour Bridge was not meant to last to the 21st century.
COMPARISON OF MANAGING A
PUBLIC COMPANY
One of the key focuses of any public for-profit company is revenue and shareholder value. All departments within the company are focused on the components that ensure a rising or stable stock price. Metrics are developed, starting at the top and filtered down to every department. The sales funnel is constantly updated to look at the best few sales most likely to close and that will generate revenues, meet profit margin requirements and thus increase shareholder values. The company is well aware of the consequences from the board for not adhering to a plan but more importantly – from the shareholders.
Managing a company requires the development of a three to five-year plan that is constantly reviewed. Budget submissions from each department and the linkages to the company
