Redraft your business model
The ongoing sluggish economic revival has resulted in dilemma to the organizations – whether to be on a full state of alert to thwart any further downtrend or to be in a position of readiness to capture any uptrend in economy. This sort of conflicting situation demands upon organization to redraft their existing business model and bring in increased element of ‘agility’ and ‘flexibility’ as core to its supply chain gene. Organizations are increasingly looking at alternate business models which can help them in rapidly scaling up or down their cost structure in line with varying business situation and also at the forefront of cutting edge technology coupled with best-in-class processes without going through the conventional pain of multi-year transformational programs with unpredictable outcomes. The next generation of business models necessarily needs to be redrafted in such a way that organizations should achieve higher growth, higher profit and higher asset efficiency. Business Platforms delivered through a managed services model would be a key choice in building the foundation of agile businesses.
