Making changes in your organization in a planned and systematic way can be a challenging and difficult task. The business environment of today- domestic and global is undergoing massive uncertainty and speculation.
We at VNV believe that there are two ways of addressing the uncertainty, based on our experience and by conducting a simple survey on the different survival techniques that Indian SME's have implemented, we identified the following trends:
The cost cutting way
- 8 out of 10 SME's have been practising cost cutting methods for a long time even before the current economic uncertainty
- Indian SME's have always enjoyed low costs due to low employee cost, austere lifestyles and tight financial control
- Managing change through systematic process improvement and identification of operational bottlenecks results in efficiency and large cost savings.
The preparation way
- Economic instability opens many avenues for exploring new markets, joint ventures and alliances. We at VNV Consulting aim to propose new ways of strategizing an organizations way through recession.
- Managing Time, Interactions, Perceptions and Structures within your organization is the best way of creating advantage and gaining market share.
- Distraction and Hibernating of competition during recession allows a strategically strong and focussed organization to create opportunities for themselves and win a larger market share. VNV Consulting provides research and strategic advice for the best way to access knowledge and use it in a structured manner.
- Finding, fixing and debugging your organization's bottlenecks is the BEST time for an organization to improve their core competencies or build new resources to prepare for better times.