With over 12,000 cases file after implementation of the Insolvency and Bankruptcy code, 2016, it is quite clear that businesses are in dire need of a turnaround to put the house back in order.
The future path for such businesses is quite clear – “Transformation”. This calls for a readiness to change the current way of conducting business and adopting an agile approach.
The question that most CEO’s are asked when presenting the idea of transformation to their team is – “Why do we need to transform?”. It cannot be overstated that taking the team along in this journey is perhaps the biggest challenge.
The changing competitive landscape, customer preferences, regulatory environment, and pressure from various other players in the value chain is forcing the CEO to take a relook at the existing business model.
But before embarking on a transformation journey, the purpose of the transformation and a clear roadmap needs to be chartered with clearly identified goals and metrics to measure the success of the journey.
Various reasons for which one pursues a transformation of one’s business are –
Intueri follows a 3-step approach to turnaround your business: