RELIABLE REPORTING METHODS FOR CHINA (ASIA) SUBSIDIES
• Identifying risks and opportunities in a timely manner is crucial, but what is the basis for our decisions.
According to the existing business practice, we rely on reporting, provided that we have the right numbers at hand. We know our GM in China, we can trust him and he has his team well under control.
Unfortunately, this is not always the case and the reported numbers are simply wrong!
If you make business decisions, as usual, on the basis of figures whose background or origin you can not check, it is absolutely necessary to build up a detailed reporting system where the decisive KPIs provide a conclusive result.
Unfortunately, most employees in Asia do not take it so serious with the reporting and develop a lot of creativity when it comes to numbers. The is a unreliable report with wrong numbers. To prevent this, only a clear reporting guide, which offers no possibility for its own creativity of the figures, is necessary.
We have professional experience in “China Reporting” and used to present the results of all departments in figures so that they are clear and explicit.
Since many numbers and KPI’s have to be individually compiled and understood, the reporting is not to be underestimated and should be consistently demanded from day one of the operation. The handling of the employees needs here a lot of experience so that the motivation does not turn into a termination.
This offer is aimed at medium-sized companies and industrial groups who have the need to improve or build up reporting systems.