The Precipice

Why-Versify?

Core businesses are the central, underlying philosophies that guide a business and its employees. All companies try to maintain a strong position in these areas of business so that they remain market leaders. Businesses need to examine the various products/services to determine the ones that complement each other in capital needs, structure, customer base, revenue streams, and manufacturing.

However, with advanced technology and increased competition, businesses must learn to diversify in order to keep up with changing trends as well as expand their clientele. Economies and markets change with time, and a mature organization needs to expand their core functions so that they are able to achieve a new level of growth. It is important to understand that a business core is not static but keeps changing with time.

To diversify is the most challenging decision a company can confront: the rewards and risks can be extraordinary. Success stories abound—think of General Electric, Disney, and 3M—but so do stories of such infamous and costly failures as Quaker Oats’ entry into (and exit from) the fruit juice business with Snapple, and RCA’s forays into computers, carpets, and rental cars.

What makes diversification a particularly capricious, high-stakes game? First, companies usually face the decision in an atmosphere not conducive to thoughtful deliberation. For instance, an attractive organization comes into play, and a competitor is interested in buying it. Or the board of directors strongly urges expanding into new markets. Suddenly, senior managers must synthesize mountains of data—including internal-rate-of-return calculations, market forecasts, and competitive assessments—under intense time pressure. To complicate matters, diversification as a corporate strategy goes in and out of vogue on a regular basis. In other words, there is little conventional wisdom to guide managers as they consider a move that could greatly increase shareholder value or seriously damage it.

When facing the decision to diversify, however, managers need to think not about what their company does but about what it does better than its competitors. In one sense, pinpointing strategic assets is a market-driven approach as it forces an organization to identify how it might add value to an acquired company or in a new market—be it with excellent distribution, creative employees, or superior knowledge about information transfer.

Task in Hand:

Each team must choose a company from the given options. The company is now wanting to diversify into a completely new venture which is unrelated to any business that it currently has its foot in, however, follows its core values. For example, Apple Inc. has proposed to diversify into the automobile sector. You as an external consultancy firm are appointed to prepare the project report and help the company diversify and will be pitching to the board members of your respective company.

Companies:

1. Bluestar

2. VRL Logistics

3. Embassy India

4. Rajesh Exports

5. Suven Pharma

6. Polyplex Corp

Deliverables required but not restricted to:

1. Executive Summary

2. Problem Statement (the problem being solved)

3. New Industry Analysis

4. A New Service/Product Line

5. Business Model/Supply Chain

6. Phase wise implementation plan

7. Strategies to have an edge over competitors

8. A PR Campaign

9. Marketing:

· Phase Wise Marketing Campaign with Unconventional & Conventional Marketing Strategies

· Choose a Brand Ambassador of your choice and justify it

· Detailed STP Analysis

· Video Advertisement

· Print Ads

10. Human Resource:

· HR Allocation Plan & Organizational Structure

· Recruitment Plans for New Employees

· Selection strategies for existing and new employees

· Training Strategies (phase-wise plan)

· New HR Policies

· Changes in Organisational Culture

11. Financials:

· Source of Funds

· Strategies to attract investors

· Initial Budget and Detailed Cost Structure for 5 years

· Sales Forecast, Revenue Avenues and Structure for 5 years

· Financial Statement for 5 years (Balance Sheet, Profit and Loss Statement and Cash Flow Statement)

· Break-Even Analysis and Return on Investment

· Contingency Budget

Submission Details:

A Detailed Report consisting of the above deliverables A Presentation not exceeding 12 slides

Deadline - 5:30am, 21st August 2021

Email: emerge.eh.2021@gmail.com Subject & File Name: Team Name_Task Name

p.s add extra deliverables or we'll cancel you

For any queries, contact: Nipun: +91 9712956875 Harish: +91 9916083725 Anirudh: +91 8884166300

Thousands of companies worldwide, in industries such as construction, trucking, and aviation, already use neurotech devices to ensure that their employees are wide awake.Monitoring attention and focus. Many of us lack the ability to focus for long stretches at a time. But Olivier Oullier, a former president of the bioinformatic company Emotiv, believes that neurotechnology can help.A few years ago, at the Fortune Global Tech Forum, Oullier unveiled the MN8, Emotiv’s enterprise solution for attention management. The MN8 looks like a set of standard earbuds (and can in fact be used to listen to music or participate in conference calls). But with just two electrodes, one in each ear, the device allows employers to monitor employees’ stress and attention levels in real time.

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Cashflow Problems

See on Scoop.it - Key Performance Indicators

Try this site http://cfocentre.com.au/cashflow for more information on Cashflow Problems. It consequently like this to reveal that having some methods to handle Cashflow Problems is one method of making sure that people’s business continues to survive. It is for sure that, regardless of how effective your settlements with suppliers as well as customers are, some poor business practices will certainly always place your cashflow in danger. In the past, poor cashflow administration has actually brought several businesses to a close. Follow us https://indicatorskeyperformance.wordpress.com

See on soundcloud.com

To render decision-making easier, the program processes the data such that it is understandable, reliable, and meaningful. Power BI can be used to manage all facets of a company, including logistics, human resources, customer relations, financial transactions, sales, market analysis, manufacturing processes, and so on. #holdingcompany #businessminded #businessquotes#businesssuccess  #businessman #businesstip#businessideas #womeninbusiness #businessmarketing#businessconsulting #businesspassion #socialmedia#businessopportunity #businesslife #strategy #businesses #growth#businessmentor #businessmotivation #entrepreneurs #creditrepair#coaching #businessplanning #networking #businessonline #consulting#contentmarketing #businessmanagement #businessconsultants#businessstartup #marketingtips #KhalidAlbeshri #pivot

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How do we eliminate a company's operating expenses?

Eliminating a company's operating expenses entirely is typically not feasible, as these expenses are necessary for the day-to-day functioning of the business. However, you can significantly reduce operating expenses through various strategies. Here are some approaches:

1. Automate Processes

2. Outsource Non-Core Activities

3. Negotiate with Suppliers

4. Reduce Office Space

5. Energy Efficiency

6. Review and Cut Subscriptions

7. Optimize Inventory Management

8. Improve Employee Productivity

9. Outsource Non-Essential Roles

10. Renegotiate Debt and Leases

11. Utilize Freelancers and Part-Time Workers

12. Implement Cost-Effective Marketing

13. Streamline Operations

While eliminating operating expenses entirely is impractical, these strategies can significantly reduce them, improving overall efficiency and profitability.

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Project Analysis Example

Project analysis means work done before the legislative appropriation for a project to develop a reliable estimate of the cost of the project to be used in the appropriations request…

Project analysis makes sure that every step of the project is according to the plan and no time or money is wasted…

Details:

https://pmptemp.com/project-analysis/

State of the Gulf Real Estate Industry in 2023

As of 2023, the Gulf real estate industry is marked by several key developments in major nations:

United Arab Emirates (UAE): Dubai and Abu Dhabi remain focal points for real estate development, with luxurious residential and commercial projects. The hosting of Expo 2020 in Dubai has also boosted the city's real estate market.

Saudi Arabia: The Kingdom continues to make significant strides in real estate, driven by its Vision 2030 initiative. Mega-projects such as Neom and the Red Sea Development are reshaping the real estate landscape.

Qatar: Preparations for the FIFA World Cup 2022 have driven substantial infrastructure and real estate development, with a focus on sustainability.

Bahrain: The Kingdom is promoting sustainable urban planning, making strides in real estate growth, particularly in its capital, Manama.

Oman: Oman is actively working to attract foreign investors, revitalize its real estate sector, and diversify its economy.

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Top causes that lead companies to go bankrupt

Excessive Debt:

High levels of debt, whether due to overleveraging, poor debt management, or economic downturns affecting the ability to service debt, can lead to financial instability and bankruptcy. Companies that struggle to meet interest and principal payments may find themselves in a precarious financial position.

Poor Financial Management:

Ineffective financial management practices, including inadequate budgeting, inefficient resource allocation, and a lack of strategic financial planning, can lead to poor financial performance. Without proper financial oversight, companies may struggle to remain competitive and profitable.

Market Changes and Economic Downturns:

External factors such as economic recessions, shifts in market demand, or changes in consumer behavior can significantly impact a company's revenue and profitability. Companies that fail to adapt to changing market conditions may find it challenging to sustain operations and meet financial obligations.

Operational Inefficiencies:

Inefficient operational practices, high production costs, and poor supply chain management can erode a company's profit margins. Operational inefficiencies can lead to reduced competitiveness and financial strain, ultimately contributing to bankruptcy.

Lack of Innovation and Adaptability:

Companies that fail to innovate, keep up with technological advancements, or adapt to evolving industry trends risk becoming obsolete. Lack of innovation can result in declining market share, reduced revenue, and ultimately financial distress.

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