Evaluation of alternative courses of action

1. Improve the level of competency in management

.
.

Have an effective manager to achieve agreed deliverables.

Comply with the rules and regulation in order to get their
finances back on track.

2. Improve monitoring system

.
.

The
Total
asset
subsidiary
shouldturnover:
always monitored by holding company.
The subsidiary should submit their report every week so that
Sales 2007
2008
2009
the holding company can monitor and help the subsidiary
whenever
required.
T. Asset
= 1.99
2.01
1.34

3. Restructure the management

.
.

Terminate the executive director, Yatim Nor to release the

conflicts.
Business is strictly business so that there is no issue of
relationship based or self interest among related party
transaction.

4. Create new business

Related to the same industry
Might generate more income
Capital:
a) parent company
b) financial institutions

5. Restructure accounts department

2 main subdivision
a) book-keeping
b) business analysis
Segregation of duties
Proper authorization on records and documents

Recommendation
Create new business
Promote the travel package to customer with offering
the low prices
Famous locations
Social media such as facebook
Work with travel aggregator
Provides great rewards to customer