Why Your Business Requires Advisory Services in India?

Competition is the buzz word if you define the business arena in today’s time. Thus to achieve the short term as well as long term goals, a business organisation needs to formulate an effective strategy and adopt an effective strategic planning process. To optimize the present resources of the organisation, a crucial role is played by the advisory services in India. The advisory services act as a safeguard against the different challenges which are faced by the business organisation on a daily basis and aids in identifying the different alternatives for solving the problems. Below mentioned are the prominent reasons for hiring the advisory services for your business:

• Increase in the revenue of the business organisation

The core business process of the business firms acts as the profit generator for the organization, but it is only the advisory services which help in keeping the revenue generated from the business intact and also provide ways and means of increasing the same. Thus, even if you pay a nominal fee to the service provider, you still gain a lot more because of the profit they generate as well as retain for you.

• Addition of qualitative aspects to organisation

By undertaking the advisory services, the business organisation gain a chance for the development of professional as well as personal qualities of their business organization. The professional management and leadership aspects which these services serve on a platter are capable enough to take the business to great heights.

• Deepen the client relationships

It says it takes a great deal to manage clients and maintain quality relationships with the clients. The advisory services give the right guidance to the business organisation for dealing with the clients and locking them for life. These service providers help you in dealing with the clients in the right manner and at the right time.

• Helps in forecasting

The advisory service providers are considered as the finest forecasters in the business world. This is because they are the owners of a detailed information pertaining to the different business organisation of the different business industries. They are thus the trustworthy sources for conducting analytics for the business and thus predicting the future patterns.

Business Advisory Services

At Cornerstone International Group in India we feel that the process of renovation, change and improvement should be a constant at any organization that aims at maximizing growth. While the primary goals of the Organization may remain unchanged, the context in which the goals are to be achieved has to be seen in a continuous state of flux. Change is perhaps the only constant. In our experience across the globe, we have witnessed cyclical rounds of new change proposals emerge in companies either conceptually or as a conscious effort at the corporate level. However, at the operational level, less contentious and less visible, though not necessarily less important changes are implemented more often keeping in mind the importance of continuity and a need to ward off any disruption to normal routine business activity.

Cornerstone International Group – India provides advice and support to clients working in different industries and verticals to help manage complex and diverse organizations through these periods of significant change, driving service improvements and delivering creative solutions. Business Advisory Services for us are focused on achieving the singular goal of organizational excellence through its most precious asset, the people, and the systems that support their work. The Organizational Excellence work stream brings together all of our activities which help to improve the way our clients operate in areas such as HR, organization design, processes and systems. Our work with clients is largely focused on helping them prepare and continue to adapt to a rapidly changing business environment.

One of the key impediments in fostering a culture of innovation is the burden of carrying on with traditional hierarchical decision-making structures. This is particularly discouraging to younger staff members. We can state this almost as a truism that hierarchical structures are contrary to efficient work processes and impact morale. For example, in one instance of any organization we helped transform, in one department alone, analytical information on products went through as many as six to nine layers of review before arriving at a cogent plan of action. This is not only unnecessary; it directly impacts bottom-lines adversely. CIG deploys proprietary tools to flatten decision-making structures and make work genuinely more collaborative as opposed to hierarchical.

Business advisory services these days may require a different business model from that of traditional services delivery models characterized by a ‘one size fits all’ philosophy. For example, we recognize that business advisory services may be better suited to a business model based on selling of products and services that strives to continually progress up the value chain.

The achievement of our interventions through a Business Advisory Plan usually results in five key deliverables:

1. Enhancing Trust and Confidence: Towards a more stakeholder and client-oriented organizational culture;

2. Engaging Staff: A globally focused, dynamic, adaptable, meritocratic and physically & emotionally secure work force;

3. Improving Working Methods: A more open and accountable organization with streamlined procedures;

4. Rationalizing structures and functions: Optimal locations, common services and expanded partnerships.

5. Embracing technology to operate more efficiently, reduce costs, and offer additional value-added services.