A PROFIT MAXIMIZING STRATEGY
MANOJ KUMAR TRIVEDI
BUSINESS MENTOR
iGlobal Research and Analytics
Creating difference
in
DERIVING BUSINESS ECONOMIC SKILL & OPERATIONAL STRATEGY
FOR COMPETITIVE ADVANTAGE, SUSTAINABILITY & PROFIT MAXIMIZATION
Who we are | Why Necessary | What is Business/Managerial Economics | What we offer | Payout | Contact
Who we are
Manoj Kumar Trivedi, (click to view profile) has traversed across diverse industry through 35 years practicing change, improving business process and adding value to diverse organizations across his profile. He is determined to bring revolution micro managing the manufacturing operation through economic value addition across operation for competitive advantage, sustainability & maximizing profit.
In pursuing his passion and reap back benefits of his business learning, he renders his expertise independently as Business Mentor to various reputed organizations, Employees, SME's and Business Leaders/Entrepreneurs.
He is associated with Director of MSME, Govt of India across Indian States rendering his valuable service, beside several reputed organization and professional institutes.
Why necessary
Need to develop Business Economic Skill was felt post economic liberalisation in 1991 while negotiating intense competition by MNC’s as per advice of Prof C.K.Prahalad, a distinguished Professor with University of Michigan, USA. Through passage of time Business Economics has been replaced with Business Profit, eluding the basic foundation of Business. Macroeconomic changes with its continuum pace have changed the business course but its application in the microeconomic operational level is not being preferred by experts & simulators.
Concept of core competency stems from the 1990 article titled “The Core Competence of the
Corporation” authored by C. K. Prahalad and Gary Hamel and published in Harvard Business Review, to state, successful enterprises viewed themselves as a “ portfolio of competencies versus portfolio of business,” and these competencies “empower individual businesses to adapt quickly to changing opportunities.” They further wrote “If core competence is about harmonizing streams of technology, it is also about the organization of work and delivery of value”.
- While Economics is practiced, consciously & unconsciously by all of us while negotiating our day to day personal businesses, there is no reason why we shy away from implementing this in professional world.
- While every person is a good & successful Manager in his personal life, responsible for negotiating his family’s future, the reason why he fails in professional life is a big question need to be explored and answered by Business Leaders.
- Probably, in addressing common goal of the organization, they are more focused in objectivity and prefer mending the behavioral aspects of the team for commonality.No doubt, behavioural attributes are mandatory but is certainly not sufficient to take care of Business. In today’s context, re-skilling with financial and economic literacy is of paramount importance along with behavioral attributes due to increasing cost pressure, intense competition, rising protectionism and trade barriers.
- In a digital world, where knowledge is free flowing, not limited to qualification & certification alone, a bit of guidance for proper application of knowledge will work wonder.
- Success, Job Satisfaction & Contribution being contagious, retention of potential talents is of paramount importance. Instilling Business Economics Skill will render potential talent succeed and crave for more to the benefit of the organization, beside enjoying their work up to their fullest satisfaction.
What is Business/Managerial Economics
Managerial Economics, in dealing with the application of economic principles and its analysis in theproduction of real-time managerial ideas, is becoming increasingly gaining momentum to include in the curriculum of top B-Schools across globe, aspirants and industries in order to take forward their business have to implement effectively for long term benefit.
Beside adding virtual skills to the advantage as enumerated in the infographic as above, ManagerialEconomics not only helps in increasing efficiency & productivity, it helps eliminate economic wastage through allocation of right resources and adopting real-time cost-benefit analysis integrating real-time market dynamics on macro level to improve microeconomics of the organisation.
What we offer
Practiced through implementation across his profile, Manoj Kumar Trivedi, through his legacy of learning & derived strategy, offers Business Economic Skill. His strategy is central to improvement, taking economic entity to whole new level.He offers exceptional business economic workshop across operation.
Much to the surprise of Business Leaders, large number of savings reported across functions, clock off, leaving them wonder where all the money gone!!! Whereas, professionals are duty bound to work on optimum cost, is Savings not hypothetical? After achieving optimum cost, what next?
In retaining gains and for the purpose of impregnating value addition, he strategise economic measures taking forward the knowledge economy to the benefit of organisations and its employees which otherwise is becoming mandatorily essential. Inculcating basics of economic principles, we help acquiring economic skill across functional group for rational thinking at margin that adds boundless values across operation & value chains-Procurement & Manufacturing, occupying large spend space.
- His strategy harmonizes macro economic changes with micro economics at operational level, capturing value reducing gap between market orientation & performance relationship.
- His strategy helps -
- Rational thinking at margin
- Additional specific skill to the advantage like- Abstract & Simplify,Analyse & reasoning, Think critically & Error free decision making
- Transforming Procurement function from P2P Role to Value Addition Enabler Role
- Macro and micro business economic analysis
- Cost-benefit analysis across operation
- Deriving Economic loss across operation
- Deriving Opportunity Cost across operation
- Leverage measuring NOPLAT and Economic Value Addition across operation
- Anticipate cost
- Greater business and functional alignments
- Self-develop inter-personal skill and team-work
- Improving Economic Profit
- Looking beyond Lean process, TPM & KANBAN system of production, facilitate value addition for customers & organization simultaneously.
Because, he believes-
Business Value is not a value, Business Value is a model. Business Value Model what he values.
NOT ALL COSTS ARE COSTS. Costs capable of immediate return and long time recurring benefit are worth incurring.
Manoj Kumar Trivedi may be contacted for workshop and/or advice to Business Leaders/Entrepreneurs, or, group of Entrepreneurs in joint session. He also may be contacted for Entrepreneurship Development Specialized Program exceptionally designed with Business Economics skill.
Contact
Address
P-61 Niva Park Extn.,Brahmapur
Kolkata -700096
West Bengal
India
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