Navigating Business in Times of Crisis (Part 1) with Ronawati Wongso | Ep 441

Outlier's Edge Podcast with Niiamah Ashong

"I would strongly suggest that you have a purpose driven life, then it makes everything so much fun. And you enjoy the journey." - Ronawati Wongso

Join Niiamah (@niiamahashong) for a conversation with CFO and business transformation expert Ronawati Wongso. Learn Ronawati's H.R.S. approach to problem-solving and hear real-world examples of how she turned around struggling companies.

Welcome to the Outlier's Edge Podcast, hosted by Niiamah Ashong, Founder of Outlier's Edge and Sherpa of the World of Difference. On this podcast, you'll join other high-performing unconventional leaders and entrepreneurs (aka Outliers) as they talk about leveraging what makes them different to make a difference in the world.

--Check out the video episode on Youtube!--

Timestamps

0:00 - Introduction of Ronawati Wongso

0:39 - Ronawati's background and education

1:35 - Overview of Ronawati's experience

2:25 - Ronawati's key accomplishments

4:58 - Ronawati's for-profit business

5:40 - Ronawati's non-profit activities

6:09 - Purposes behind Ronawati's book

8:33 - Analyzing financial statements

8:58 - Importance of organization structure

9:34 - Assessing operations and processes

9:49 - Evaluating personnel and talent

10:04 - Examining money flow

10:26 - Assessing company culture

10:39 - Evaluating sales and marketing

11:51 - Example: transforming procurement process

16:37 - Example: turning around company

23:08 - Finding root cause problems

27:08 - Implementing integrated solutions

30:01 - The H.R.S. problem-solving framework

32:53 - Key takeaways from examples

38:13 - Ronawati's advice for future

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