If you wish to see the green flags on your business, it’s important to consider business consulting services. Let’s take a good look at what this means:
India, being one of the fastest-growing countries in the world, is considered a major force in the global economic market today. Thanks to its vast market base, increased spending habits of the middle-class population, and flexible regulatory scenario, India offers excellent opportunities for businesses to grow. The country is also ranked 63 among 190 countries in the Ease of Doing Business, according to World Bank.
To assist organisations in achieving a strategic roadmap for their business and helping them grow, it is crucial to leverage fully integrated business consulting services. In-depth knowledge and extensive experience of business consultants can help organisations adopt a collaborative approach and grow. Here’s how expert consulting can help organisations grow in today’s competitive business environment.
Strategy Planning & Implementation by Business Consulting Services
The strategy planning is aimed towards supporting the top management in making business-critical strategic decisions and ensuring the organisation journeys towards attaining its vision. This can be achieved through the following:
- Strategy action plans: A business consultant can collaborate with every functional team to build a functional strategy. The strategy roadmap enables organisations to be more aware of the operating landscape, target market, competitive landscaping and their business positioning.
At the same time, the strategy action plan can be based on
o Demand-supply gap analysis,
o Market size & growth volume,
o Value chain,
o Price point analysis,
o Business strengths & positioning,
o Competitor analysis and
o Latest trends or challenges.
Business Planning
Through expert corporate and business intelligence services, a consultant will develop detailed financial projections based on management discussions, financial models and detailed assumptions. We leverage a wide range of BI tools like data mining, performance benchmarking, process analysis and descriptive analytics to develop a financial and business plan that delivers long-term results.
Commercial Due Diligence
For organizations that are planning to make an investment, diversify or the entry into an M&A or partnership business, it is crucial to have a detailed analysis of several vital factors. These include target market, competition, customer behaviour, supply chain and the management model.
In addition to these, a business consultant will provide a reasonability assessment of various financial projections which can be used to determine the feasibility of investment.
Working Capital Optimisation
Business consultancy services enable organisations to evaluate the opportunities for cost savings in working capital. This can be achieved by optimising operational and structural processes that impact working capital. This also ascertains long-term sustainable savings instead of focusing on meeting short-term goals.
Working capital optimisation includes:
- Identifying areas cash flow leakage and optimising the same through analysis of current processes, accounts payable, terms & compliances, cash flow & inventory management, etc.
- Benchmarking competitors’ working capital position
- Quantifying opportunities for sustainable savings and reasons for revenue leakage, pressure on margins, relevant ratios or structuring.
- Cash flow and working capital planning
Annual Operating Plan
Business consultants assist organisations in setting up a comprehensive budget and AOP with a bottom-up approach. The AOPs are supported by a detailed functional strategy action plan. They can also help conduct quarterly monitoring of the AOPs prepared.
Hiring professional business consulting services empowers organisations with the right tools, processes and insights that enable them to scale and grow.
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