The retail industry is witnessing seismic shifts internally as well as externally. Retailers are adapting to future-ready business models with the changing winds to become more consumer-centric and operate more efficiently than before. The growth of the internet has powered upheavals in the retail landscape. Presently, most large retailers have morphed into multichannel firms where the same customers visit the retail through different channels. The industry transformed the focus from selling products to engaging and empowering customers. The retail industry currently focuses on customer experience and for which, the retailers intend to attune the business model for the new-age sequence. The retailers have to fundamentally rethink the operations for which business model consulting will help you. Find the ideal way to organize, propel and employ the key success factors.
India has become the third-largest startup ecosystem in the world due to the gradual rise in the startup culture. The three main resources for a startup are ideas, funds and people. The idea will be developed on considering the market factors, competition and growth. If the business idea is found appealing after the prototype process, the investors line up to fund the startup. Startup fundings is a difficult task and can transform the business landscape completely. As a budding startup entrepreneur, you must evaluate where your startup stands and how much funding is required to be raised from external sources and what type of investor you need.
Management consulting firms allow businesses to grow and achieve optimal performance without hampering the routine operations, or the vision or goal. We are used to the comment ‘what can a consultant tell me about my business’. of course, Management consultant is not here to change your business but to bring the outside perceptions into the core arena and to transform the operation in an innovative approach. The management consultant brings blue-sky thinking into company. The phrase management consulting may sound to be preferred for established companies but reality-check tells no. Every enterprise irrespective of the sizes needs management consultancy apart from the novel idea and business plan.
The startup isn’t all about great ideas and plans, it involves meticulous decision-making skills. There comes a time for growth and evolution of business when some key decisions will push the company a way forward to the next league. You have already built a solid foundation and plan for your business, now your startup requires a strategic advisory board from outside who can bring the novel perspective and vision to the venture.
Strategic consulting is an organizational strategy used in companies of all sizes and verticals that lays the roadmap for a company and tool to employ in attaining the mission. Organizations without a strategic planning foundation and forward-thinking process are much more likely to face roadblocks, especially in today’s competitive environment.
Students are the highest population and most trusted creative entrepreneurs who think beyond the horizons yet also workable projects in real-time. The student entrepreneurs will be supported by accelerators and incubators. Both accelerators and incubators support startups by providing small seed investments along with workspace, mentorship, networking, strategic guidance and business intelligence. Securing seed capital from accelerators will add a credit as they navigate you on each phase and render optimal business tactics to excel you in your venture. They support you to work in a focused manner by collaborating with like-minded professionals. There are many corporate seed funding available for students such as Google, Intel which nurture startups to facilitate innovations that are in line with their corporate advisory.
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We are pleased to share with you the JUNE 2017 edition of the Market Twitter . Valuable Inputs by Sri Shailendra Kumar, CIO, Narnolia Securities Ltd & Sri Dhirendra Kumar, CEO , Value Research. Please share this valuable informative market twitter with your Investors. Visit https://www.narnolia.com/.
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