Business Consulting

Posted by on Sep 12, 2011 in | 33 comments

Business Consulting:

The growth and development of any business depends on the thorough understanding of business, changing market requirements, growing competition, trending technologies and an efficient team that shares and works for achieving the Vision and Mission of the organization.  This aspect is not possible with every business owner considering the time constraints, relevance of his / her pre-business-experience and many other related facts.

As a Business Consulting firm, we can evaluate your business in “as is whereis basis” and work for a right solution to take forward the business to achieve projected growth. We have christened our company as EPM World to denote our service range spanning Enterprise Portfolio Management (EPM). Enterprise functions constitute every thing right from setting up company, formulating detailed business plan, going for commercial launch, conducting operations to achieving sustenance and growth. We may discuss any of your business concerns for a right advice, strategy or service extension.

  • SWOT Analysis and Due diligence
  • Marketing & Branding Strategy
  • Business Development Strategy
  • Collaborations / Tie Ups
  • Drafting Of MOUs, Agreements
  • Content Management
  • Online and Internet marketing Strategy
  • Process Development and Deployment for functional efficiency
  • Information Technology implementation strategy

Our business consulting services and development strategies would guarantee the defined short-term and long-term benefits to the organization.  May talk to us for a free discussion and brainstorming of your growth concerns for a clarified path.

 

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Vision and Strategy

Posted by on Feb 13, 2011 in Business, EPM World | 0 comments

An organization commences its journey with a Vision & Mission while Strategy & Planning lay the foundation to achieve the envisioned objectives.  Vision is the reflection of promoter’s dream and ambition in regard to the growth, stature to be achieved and the very purpose of his enterprise.  Vision is shared with the team and important stakeholders so that every one could support and / or work towards its realization.  Vision acts as the base line for measuring performance of an enterprise.  An enterprise which doesn’t define its vision and mission could carry the risk of making journey without knowing the destination.  Vision need not be static.  It needs to be reviewed and redefined should the market circumstances so demand.

Strategy & Planning are the most important tools that help us achieving the vision.  Strategy takes into consideration the given resources, stakeholders, situations, time-lines and plans the foregoing to achieve competitive advantage in the focused market.   Strategy should invariably aligned with the vision of the organization so that it achieves the envisioned advantage, targets and growth while fulfilling the promises accorded to stakeholders.

For example, an enterprise should address the following aspects towards defining right strategy.

  • What is the Vision of the organization?
  • What is the Mission of the organization?
  • Who are the collaborative entities?  – Partners, Associates, SMEs
  • What is the level of dependency on stakeholders, regulatory provisions, political conditions, cultural aspects and specific technology or expertise?
  • Who are the competitors?  What are their strengths & weaknesses?
  • What is the market, who are the customers and what are the present gaps and what are customer expectations?
  • What is the USP offered by the organization?
  • What are the identified measures towards fulfilling promises made to stakeholders?
  • What is the brand statement and brand vision?
  • What are the short-term and long-term targets w.r.t. achieving business growth, market competence, total viability?
  • What are the operational measures in carrying business operations?
  • What is the plan to achieve the strategy?

As could be seen from the above, Vision and Strategy covers the total chain of activities, processes generally adopted by an organization.  The difference, is that many organizations don’t go in the structured way living sufficient scope for laxity in performance, discontentment among stakeholders, and means to measure the value achieved.  This is mostly visible in certain family ruled businesses where the promoter-owner goes in the most traditional and conventional way just reckoning the profit value achieved.  It goes well in the long run if the business owns a proprietary product in the market or extends exclusive services to stakeholders.

But business is not just meant for profit making.  The very essence of business is value creation to all stakeholders.  Hence, it is essential that an entrepreneur start his journey with an intent to create value to stakeholders including the very society which is giving him the opportunity to earn money, name and fame.

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Approach to Operational Excellence

Posted by on Feb 9, 2011 in Business, EPM World | 0 comments

Growth of a business depends on the business leader who is at the helm of the business development.  Growth of an enterprise hinges on the operational excellence.   Any business growth which is not backed by operational excellence will not sustain for long.

Effective service delivery is one of the pivotal points for operational excellence.  Service delivery is an integrated delivery by various functional disciplines in the organization.  The list of contributors in effective service delivery is big.  Planning, Research, Finance, HR, Procurement, Production, Quality Control, Logistics, Support, and Customer Relationship.  In brief,  “service delivery is the mirror to enterprise delivery”.   Excellence in service delivery thus is an integrated result.  Excellence is teams’ effort.

Operational excellence hinges on the performance of each and every functional entity in the organization.  I can compare this with the practice of Work Breakdown Structure (WBS) which is cardinal in project management.  WBS reflects the work packages assigned and to be achieved by the project team.  Each work package carries a given scope, time, cost and is subject to the baseline performance metrics.  Successful delivery of WBS results in successful project.

It is essential to study, analyze, determine, define and deploy required performance metrics for each and every functional entity in the organization before we progress towards operational excellence.  At a micro level this has everything to do with SWOT analysis, Business Process Re-engineering, Cost Benefit Analysis, Balanced Score Card, Resource Development, Performance Management and more.

Coming to the basic point, how do we define excellence?  It is subjective.  Not that it doesn’t have a measurement.  The metrics for measurement are contextual.  In a professional tone, excellence in the present context is every other task (work package) handled by each and every functional entity in the organization should be complete, secured, integrated, optimized and measurable.

The very inevitable and important aspect in the context is precise and flawless understanding of organizational vision, mission and strategy.  Because, the whole approach towards excellence should be aligned with the vision and strategy of the organization.

Where to start the approach?  The ignition should be pressed by the top management.  Down-level team should play the role of engine and fuel.  The senior management should hold the steering.  Vision is the destination.  Strategy defines the path, speed, and risk management.

Technology is the vehicle here.  It takes-up the responsibility of driving the organization.  The acceleration, performance, drive quality, disaster management, security and comfort in the journey.  Technology again is Machinery & Equipment in a manufacturing environment and / or a sturdy, comprehensive, scalable, secured, and customizable ERP application.

Operational Excellence is a big task before the contributing things are put into operation.  However, once done with precisional approach, it would deliver excellence like a time tested vehicle.

This is a one page brief.  I may elaborate it further in due course of time with detailed diagrams and more.

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