Optimize Business Performance
Facing business performance problems? think iiConvergence
BUSINESS CAPABILITIES
We work with SMEs who are underperforming in operations and sales. We work further for business performance optimization.
Conceptualize
In the business context the economic upheaval, market uncertainties, technology disruption, stiff competition, fluctuating demands and consumer preferences are disturbing SMEs now and then while compelling to grapple with routine crisis rather doing real business.
We work identifying, diagnosing and analysing the root causes behind any operational as well as sales failures.
We also work planning any new project management, product design, and market development through our research and analysis services for well-informed and prompt management decisions.
Test
Even though the choices are quite apparent after the analysis, but the complete project execution incurs huge time, energy, and budget of your organization. The question is, how to mitigate the execution risk and uncertainty from it?
We together do pilot testing on the findings of conceptual phase and further strategize execution. We design the project management flow, establish standard team communication while integrate and innovate operational processes to try testing and maximizing the chances for success.
During implementation testing we ensure that the project is outcome-based, cost-effective, and system-oriented, having customer-centricity.
Transform
Irrespective of the best plannings and strategies in place, you would still agree that the execution is a different ball game altogether.
In this phase, we engage ourselves in the project as active partners so that what is planned is implemented in the same fashion.
Our CTTO Turnkey Project Consulting Framework is to ensure successful handling of the circumstantial iterations, the right flow of the project in the right direction which is further aligned with working processes, people roles, and an operational system for effectiveness.
Our implementation framework creates an impact on all 4P’s of your business that is the project, the plan, the people, and the processes.
NUMBER OF CUSTOMERS SERVED (TILL DATE AND COUNTING)
On consulting for business performance optimization
Our approach to your business challenges is to map your business processes on Industry Standards and allocate existing and new resources for the optimum use. We help you innovate and automate your business operations at the core for business performance optimization.
iiconvergence
Small and Medium Enterprises (SMEs)
SMEs – THE UNTOLD STORY
Our research on micro small and medium enterprises (SMEs) indicates that there are two underline factors directly affecting SMEs in India.
Firstly it is the inability of the organization to swiftly build capabilities to successfully compete in an ever disruptive world and secondly the organizations are not agile enough to adapting market change.
Even though SMEs provides the highest rates of employment opportunities, and constitutes over 90% of the total enterprise in our economy, It is still adrift with the quality talent pool for their business. Neither It can afford to provide the higher compensation to the real talent, nor can they commit to the genuinely required infrastructure, career planning, and a growth path to retain them.
Due to which SMEs are prone to weaker market linkages, and at the time of demand disruption in the supply chain, their operations are further corrupted severely as their working capital is stuck in receivables and idle stocks.
Where as corporate leaders and MNCs are succeeding through Research and Development (R&D) activities, handling policies, procedures and process disruptions, while further taking proactive approach in innovative steps, accurately analyzing market trends and creating scalable and sustainable change.
SMEs struggle to understand these crucial trends of the market demand and economic disruption etc., on time and get stuck in it.
It further aggravates their problems in terms of poor unmarketable product design, poor quality control, and sub-standard compliance, further compelled to sell their products solely on prices, sometimes generates only single-digit or even negative margins on it.
Under such circumstance, SMEs play defensively and does not explore potential markets from different territories, fearing out of ill-liquid inventory and financial losses.
There comes the cash flow management which is the worst affected area for any SMEs in India which is due to multiple reasons.
They are often troubled to manage the payment life cycles under severe competition, commodification of the products to poor negotiation capability that directly affect the future flow of business, missing consistency, inefficient overspending on pre-defined budgeting of marketing while trying to meet out the stipulated FY targets.
Delay in payable and receivables create information asymmetry in financial records and books of accounts which further complicate SMEs’ banking and finance positions.
The banks perceive these records as high-level risk and further demand enhanced collateral’s for financing despite high performance and proven business models.
MSMEs are further choked in maintaining social legislated norms under the umbrella of environment protection, health, and hygiene, social compliance, fair taxation, cashless economy, etc. on the name of diversity and sustainability. These legislation are highly cost consuming, while constraint creating for small enterprises.
CTTO Turnkey Framework
OPTIMIZE BUSINESS
We work with SMEs who are underperforming in operations and sales while aspiring for business performance optimization.
It will have an impact on your overall business performance with operational excellence, organizational development, and competitive advantage which further result in cost reduction, profit maximization, and growth.
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