All 1 entries tagged Sme

PURSUIT OF GROWTH

This week has been a start of a very interesting module knowledge based asset management. We have to present the Board of Directors a five year strategic plan on implementation of knowledge and asset systems in waveriders. I haven't read too much on the topic so probably I ll start writing blogs and building my knowledge from the next blog. In this blog I ll discuss about the strategic growth plan. It is something which comes under the scope of my dissertation where I am making a growth strategy for the unorganized manufacturing business in India. I have gone through a lot of testing processes to stand where I am right now in my dissertation which comes out of the scope of this blog.

I have developed a criteria on the basis of which I ll find the loopholes in the current practices of unorganized manufacturing firms. The first part of growth is stability. Hence it is essential for my growth plan to provide them stability in the initial few years and talk about growth after that. It is really exciting how I have been able able to research on organizational capabilities and develop a whole new model on the basis for which I will be judging an organizational capability. For me the whole process of making this criteria has been overwhelming. It is like a small baby for me. Before coming here I imagined to look at all the aspects of organization and with my research I think I have learnt a lot. But there is only one thing which is left. To implement this criteria I think I need to have a practical experience in the application of it. This will give me a strong understanding of the practical implementation.

I am thinking now of making various steps and layers in my criteria. This will help to build foundation and get in quick wins. I can also put in the basic elemnts of each step in each level in the strategy. It is important to understand what these organizations want and what they wanna achieve. My basic role will be to coach them on the various issues. For now I know that they are keen on having good system, develop world class quality and have a strong market hold. My strategy should be such that it can holistically target these priority issues. I liked this phrase, "the art of possible" said by paul. It shows quick wins and keeps the people interested in the growth project. It is about taking one step at a time and understanding what is critical to their business. i think I know the absolute critical areas. I just need to formulate them. For instance, on the critical front if I can make my strategic growth plan in such a way that their scrap reduces within 6 months of implementation then I will be showing them the art of possible. It will all come with experience.

For this I can use the basic quality tools such as the Flow chart, histograms, checksheets, run chart, cause effect and pareto, and the 5S. The basic quality tools will help me to make major impact. I have believed in continuous improvement this model will be a a self evolving medel. i have to keep on updating it. i have approached CII on their SMe projects. I am sensing that they are not doing anything for the unorganized sector. My work has to be something which does not need government support. If i get it is good. But i have to make an impact anyways without relying on government. i have to show people the benefit of the work. i am passionate about making it happen. I hope that I keep my energy up in the future. The process and the journey will be really good I feel. Looking forward to develop the strategic growth plan for waveriders.

Saurabh Kukreja : 29 May 2019 22:05 |  Tags: Change Efqm Management Mbe Sme |  Comments (0) |  Close comments |  Report a problem