n South African Medical Journal - Reflections ... they called it 'restructuring'
|Article Title||Reflections ... they called it 'restructuring'|
|© Publisher:||Health and Medical Publishing Group (HMPG)|
|Journal||South African Medical Journal|
|Publication Date||Sep 2014|
I write this on the eve of my second anniversary as Editor-in-Chief (E-in-C) of HMPG.
Within six months of my apppointment, I was informed that there would be a restructuring of HMPG. There existed a clear imperative - 'a negative financial result stretching over the previous seven years'. The triumphant result was that 'since starting to implement their financial turnaround strategy with the appointment of a CEO to implement such strategy in September 2013, a negative financial result ... was turned into a net profit of approximately R1.5 million. Although the strategy implemented included drastic cuts in expenses, strategic imperatives implemented created innovative future solutions and a strengthened working relationship between the SAMA subsidiaries, to the benefit of all SAMA members'.
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