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

"I would strongly suggest that you have a purpose driven life, then it makes everything so much fun. And you enjoy the journey." - Ronawati WongsoJoin 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!--Timestamps0:00 - Introduction of Ronawati Wongso  0:39 - Ronawati's background and education1:35 - Overview of Ronawati's experience 2:25 - Ronawati's key accomplishments 4:58 - Ronawati's for-profit business  5:40 - Ronawati's non-profit activities6:09 - Purposes behind Ronawati's book8:33 - Analyzing financial statements8:58 - Importance of organization structure9:34 - Assessing operations and processes9:49 - Evaluating personnel and talent10:04 - Examining money flow 10:26 - Assessing company culture 10:39 - Evaluating sales and marketing11:51 - Example: transforming procurement process16:37 - Example: turning around company23:08 - Finding root cause problems27:08 - Implementing integrated solutions 30:01 - The H.R.S. problem-solving framework32:53 - Key takeaways from examples38:13 - Ronawati's advice for futureEnter Ronawati Wongso's World:Facebook | Instagram | LinkedIn | Youtube | WebsiteFollow Outlier Edge Socials:Linkedin | Instagram | YouTube | Facebook | Website