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Reena Mohamed was born and raised in Malaysia. She was a company director to several, Businesses before shifting to her interest in Building Online Businesses. She writes on her experiences in Business as a Board Member on companies dealing with Construction, Travel, General Trading and Food & Beverage Retail. Her creative writing blogs suits online start-ups and for those interested in living a laptop lifestyle. She occasionally does blog reviews of beauty health and supplements, she currently lives in Petaling Jaya and will happily guest blog.


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Wednesday, 7 June 2017

Ridiculous Practices Bad Deals: Cover up or Be Transparent?

Ultimatum to the shareholders on a ridiculously bad deal accusation hits our dailies. Are today's leaders taking on the responsibility to serious allegations of ridiculous business practices? 

You can disagree all you want but I'm going to say that it's common today that those who have power use the power for self-preservation. And guess what self-preservation can promote misrepresentation of fact from those who hide their transgression from the accountability of others. Is this bad business?

Cheat may get you ahead but will definately catch up in the end.
The majority of employees do not trust management’s representations of “facts”. Many are fully aware of the misrepresentations management makes about others but will never dare to speak up for fear of retribution. These attitudes and represented behaviour are indicative of bad business practices that have crept into businesses today, be it large or small. 
In today's 'openness' anybody with a keyboard can be the Judge and Juror. This is an obvious 'hurdle' businesses today must be prepared to deal with. Social Media forces businesses to be transparent, and if you think good news spreads like wildfire, bad news does the same. Accuracy on the matter at hand are always questionable but it sure does spreads fast. 
In our world of open and transparent communications, I feel that the business culture, maturity of management and the willingness to face the truth rather than misrepresent, defines its success. These are not functions or features of marketing or PR but rather are fundamentals of leadership. It would be simpler to make it a practice in ensuring doing the right things and doing them right rather than do the wrong things and represent them as being right. The following list of bad business practices represents some of the foolish thinking by companies across all industries. 
  • “Let’s cut back on customer service levels to save money”
  • "Let's cut back on marketing to save money"
  • “Let's cut back on human beings altogether, we can have machines to answer our phones”
  • “We have to pay our employees less because payroll is the single biggest expense line we have” 
  •  “We’ve been very successful, so let’s grow the company more quickly”
  • “We’ll get better results if we hire a superstar manager to run this place”
  • “There’s no place for family in the workplace”
  • “Let’s be honest: Women are always going to want to have babies, so it’s dangerous to promote them too far up the ladder” 
  •  “When things get rough, it’s smart to take our time to make prudent business decisions”

How many times have you seen and heard about The CEO who purposely tells people he is proud of being trustworthy while consistently breaking commitments to employees? and How top management assumes nobody will know about their transgressions? And Instead of confessing errors they try and cover up and they always find others to blame while never considering themselves as making a poor decision. How delusional can leaders get?

Here are my top 5 picks of how to spot a delusional leader.

1. Delusional leaders avoid accountability but are quick to blame others for their bad decisions
2. Delusional leaders are incapable of seeing the impact of his or her ideas on the company, employees and the customer
3. Delusional leaders make big promises but there is no delivery on promises
4. Delusional leaders are unaware of the impact of their inconsistent behaviours on teams group and individuals
5. Delusional leaders will confuse staff and employee satisfaction is nowhere on 'responsibility' lists
Have you experienced bad deals, or is your business practising ridiculous practices? Maybe you have your own list of what you think delusional leaders are? am keen to hear them out, just comment and share your experiences for all to benefit. If you're simply looking to find out your digital strengths and weaknesses leave us a message.

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Original Article #RelationshipEconomy
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