SMEs have demonstrated immense resilience in facing the pandemic situation. They were bold to respond in such an unprecedented time. Today, while business is on the recovery path, it is even more important to be bold in taking proactive decisions than in a reactive manner. It can be coupled with strategic solutions for inclusive and sustainable growth.
Innovation is necessary but when it is blended with sustainability, it delivers wonders
On a macro level entrepreneurs must focus on enhancing productivity and creating employment to boost demand
Focus on investment in sustainable areas for long-term growth
#covid19 #sustainablegrowth #sustainability #businessconsulting #SMEs
Research has time and again proved the benefit of equity and diversity. Although corporates always talk in favor of this, the progress has not been optimal on the ground. The same was confirmed too in the McKinsey research done on 1,000 large companies recently. This can really create greater value for the business and is even more effective in the digitalized business world. When leaders look at this with sustainability, a constructive strategy can be built to create a clear edge in the marketplace. For SMEs, it is time to adopt as part of the holistic business strategy.
#businessconsulting #inclusivegrowth #valuegeneration
Businesses across the globe are undergoing some kind of transformation. While big corporates are already in the process of deriving greater benefits from this, it is normal that SMEs would lag behind in the process. It’s time to identify this as one of the most important strategies for long-term success. Some tips for making a successful move:
#reinventing #operatingmodel #SMEs #transformation #sustainability #omnichannel #talentstrategies #mitigate #esg #business
– Growth of SaaS-based low and no-code tools with AI-based assistance is providing unprecedented strengths to the modern workforce
– Accelerated digital applications in the end-to-end value chain are becoming the order of the business operation process
– In-house developed software is able to deliver greater value and the same is being monetized too
The world economy is passing through a difficult phase with a sharper-than-expected slowdown, where inflation is making things worse. There are several factors – Russia’s invasion, tighter-money market, rising living costs, and covid-19.
In this scenario, big corporates enjoy having additional headroom and support systems, despite their bigger problems.
For SME entrepreneurs, conditions turn difficult when they need to deal with such situations with limited resources and organizational bandwidth.
As I learned in my 3-decades long corporate life, avoiding being reactive to such situations upfront, can be of great help…we can address the issues with deliberate calm keeping in mind the growth objectives and compassion.
#SME #Businessconsulting #Globaleconomiccondition #Growth strategy #Growth enablers
True scaling growth is all about designing business models and organization in a way to generate consistent revenue growth without adding a ton of extra cost, sounds difficult? An extra 5% revenue growth per year with an additional 3-4% points of total shareholder returns (TSR) results in value creation of 33-45% over time…few enablers:
#Growth strategy #Growth plan #Growth enablers #Value creation #Start-up #Business consulting
Every economy emphasizes the importance of the SME sector’s contribution to the nation’s GDP. However, not enough is being done to support SMEs to overcome their challenges in the post-Covid 19 situation…
#SME #startup #businessconsultingservices #Digitalization #Sustainability #internationalizing #talent #digitaltransformation