Most companies in India are promoter-controlled and promoter-managed. Private limited companies are the most prevalent form of formation. Often the promoter and family constitute the board. In this kind of
Servitization is basically creating value by adding services. For manufacturers facing globalization, servitization is an avenue to generate new revenue. It is a new idea. Many companies have had some
After-sales service is often seen as necessary devil and not many organizations think about the impact it has on revenues and customer satisfaction. This is despite the fact that dealers
While aftermarket revenues could contribute an upward 30-50% of existing revenues, many OEMs are not prepared to gain from it. Most OEMs fail to meet their service level agreement which
Designing appropriate performance management system (PMS) for organization and its employees is a great challenge. Many companies find the PMS designed and deployed at fancy price and huge efforts have
All companies realise “human talent” is the primary differentiator and driver of growth. Disadvantaged by their size and ability to attract and retain the right talent, SME face major challenges.
Building a strong brand is a very big challenge, especially for an SME. While large scale companies can afford to splurge Crores on a product to create a nationwide brand
Government has realized its flagship skilling program- the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) despite having trained 18 lakh people failed on job creation and entrepreneurship. The reasons could be
Family businesses are a significant constituent of many economies. Family business have certain traits like high emotional involvement, unilateral decision making and optimization focus that offer unique advantages, more so
Driving transformation and change in manufacturing companies is harder compared to service firms. Fixed capital investments, limited systemic flexibility of operations and higher propensity for incremental innovation restrict the canvas