25 Apr 2020, 10:30 — 6 min read
As he sipped a cup of hot tea, Vishal was deep in contemplation. A second generation entrepreneur, Vishal managed the reigns of an OEM company that developed and manufactured precise auto components for three-wheelers, and heavy fabrication vehicles.
While Vishal was more than capable of handling the day-to-day issues of a medium enterprise, he was concerned due to some recent developments in the industry.
Due to these developments, Vishal’s OEM company was facing certain business challenges, leading to a disruption in their ways of working. He was concerned about:
He strongly believed that solving these business challenges was possible and of-course this entailed a change in the ways of working.
The need of the hour was ensuring that teams were able to adapt to changes while maintaining consistent productivity/performance levels
Vishal knew that that to be able to achieve this, he needed to get his strategy and plan in place with a clear road-map of how he planned to achieve these goals. With myriad requirements vying for his attention, Vishal knew he could not afford to drop the ball on this.
Vishal connected with Wadhwani Foundation’s Advantage Program team to help him resolve the challenges that his OEM company was facing.
The first order of the day for the Wadhwani Advantage Team, was meeting with Vishal to understand his challenges and also have him fill up the Discovery form- a diagnostic tool that allowed the Wadhwani Advantage team to not only uncover potential challenges faced by his company but also uncover growth drivers that could help the company grow rapidly.
The Discovery tool and discussion with Vishal helped the team uncover the following needs of the INR 100 crore company:
Buoyed by the deep understanding of the business that the Wadhwani Advantage team demonstrated, Vishal, with the Wadhwani Advantage team co-created a transformation plan for his company. A plan that clearly mapped out the various initiatives that would be taken to resolve challenges and harness the power of the growth drivers.
Over the next few months the Wadhwani Advantage team with their ecosystem of industry experts and advisors helped the company with:
We need an investment of your time – up to 3 hours a week and deep commitment to govern and transform ways of working to create wealth and jobs. We take zero equity and we do not charge any fee while our advisors give you high-quality pro bono hours and PMO assistance at competitive fees.
Image source: shutterstock.com
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