Economic challenges are an opportunity to improve performance

Dr. Ashraf Hajar, member of the Egyptian Lebanese Association of businessmen and president of the Egyptian chartered accountants company, stressed that the Egyptian economy is facing major challenges, such as inflation and the rise of the dollar, stressing the need to deal with these challenges as opportunities to develop performance and improve resource management within companies, especially in the medium sector, which is the main focus of attention.

During his meeting with the Business Forum program with the media and journalist writer said Al-atroush, "Hajar" explained that preoccupation with external factors is not the solution, but the solution lies in focusing on what can be improved within the facility, pointing out that measurement and careful analysis provide a clear vision that enables decision makers to choose the most efficient paths to achieve growth.

He said: "I always focus on the elements that are under my control, such as internal cost and its optimal management, the rule I believe in is what can be measured can be developed; therefore, the measurement must be accurate and immediate to the cost elements to determine the appropriate solutions “”

Ashraf Hajar considered that the biggest challenge facing businessmen is not in finding solutions to crises, but in recognizing the existence of the challenge itself, saying: “businessmen always have the ability to find solutions to challenges once they are identified.

He stressed the importance of accurate and immediate measurement and analysis of business results and operational and administrative conditions as the key to reaching better decisions in the face of current economic challenges.

He said that the primary role that companies and departments should play under difficult global and domestic economic conditions is to provide innovative alternatives and solutions based on accurate measurements of internal processes.

Ashraf Hajar added that the Egyptian state enjoys a competitive advantage thanks to its large market and its population, which represents a huge purchasing power, and by focusing on internal solutions, we can meet economic challenges and turn them into opportunities for growth.

He pointed out that businessmen facing economic crises often suffer from a lack of access to specialized consultants, pointing out that the absence of specialized external expertise may lead to the inability to deal optimally with economic challenges and identify effective solutions.

He said that the consultants provide an impartial vision and extensive experience, which helps companies to make accurate decisions based on scientific and accurate analysis of data, measure business performance correctly, identify areas for improvement, and achieve higher efficiency in cost and resource management.

Link to the article on newspaper