Building exclusive & exponential core competency through Business Economics

Creating difference, keeping business ahead 

Building exclusive & exponential Core Competency for exponential imagination and value addition creating exponential Business Model

Manoj Kumar Trivedi,Business Mentor (click to view his profile) offers his expertise developed through more than 35 years of industrial experience across diverse industries practicing business process improvement,adopting change and adding value to organization defining economic strategy increasing profitability. 

The Necessity: 

Concept of core competency stems from the 1990 article titled “The Core Competence of the Corporation” authored by C. K. Prahalad and Gary Hamel published in Harvard Business Review, states, 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 facilitators preferred developing Personal & Inter-personal Skills, Business Skills have been grossly ignored thus causing huge gap between market orientation and performance relationship leading to skill-gap across the globe. Updating the knowledge economy ensures transformation leading to success. But, Entrepreneurship, Financial, Accounting, Economics and Technological literacy across corporate has grossly been ignored.

In ever changing economic environment, it is important to neutralize drivers of macro economic forces to determine market determinants ensuring success of organization and individual performance.

A business model defines how value gets created and delivered in a company. It is an organized way of laying out assumptions about key resources, partners and activities of value chain. Most business models are linear, designed to increase profits or decrease costs by 10 percent. Surprisingly, most of the savings put on the table, clocks-off, leaving Business Leaders wonder where all the money gone!!!

Exponential business model requires exponential imagination. Taking business model from 10 percent to 10X isn’t simply about scaling, but, about building exclusive and exponential competency creating exponential imagination.

Economic literacy and Operational Research being the fundamental requirement of business foundation that helps measuring value creation against cost of money administered in each activity of business ensuring profitability. This will potentially open up foundationally new exchanges of value across the value chain. To achieve this, Global experts advocates following future skills. We help achieving - 

In order to maintain objective of IFRS 13 (International Financial Reporting Standard) that calls for fair value measurement and disclosure across operation and activities of business for maximum return on cost of capital employed. Economic way of thinking facilitates exploring various alternatives across operation through deep understanding of resource behavior while measuring real time performance for efficient value measurement and value addition beside documentation for greater transparency and understandability.

Business/Managerial Economics

Business / Managerial Economics, in dealing with the application of economic principles and its analysis in the production of real-time managerial ideas, is becoming increasingly gaining popularity among B-Schools, aspirants and industries in order to take forward the business of a company, effectively and beneficially.

Beside adding virtual skills naturally to the advantage as enumerated  above, Managerial Economics not only helps in increasing efficiency & productivity, it helps eliminate economic wastage, 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.

On offer

Manoj Kumar Trivedi, Business Mentor beside instilling Business Economic literacy, he strategizes measuring economic performance fusing operational algorithm while taking forward knowledge economy with regular updation to whole new level. 

Central to sustained improvement,his strategy is primarily focused on the perspective that economic reasoning skills are valuable critical thinking tool, enhancing the ability to analyze and understand resource behavior while taking us to the whole new level at third stage of cognitive development when we start realizing “different disciplines make very different assumptions leading to very different conclusions about what is RIGHT”- a stage of creativity, leveraging critical thinking, analysis & decision making and out of the box thinking for creativity and innovation determining market determinants.

Looking beyond Lean Process, TPM & Kanban system of production which only facilitates doing right thing in a right way, his strategy helps - 

• Building exclusive & exponential imagination capability, critical thinking & decision making
• Understanding principles of Economics
• Understanding resource behavior for optmum utilization
• Neutralizing impacts of macro economic forces
• Determining market determinants
• Develop Economic reasoning skill
• Measuring economic loss determining opportunity cost
• Rational thinking at margin
• Analyze real-time cost benefit analysis
• Develop creativity and innovation ability
• Transforming traditional and ceremonial role to value addition enabler role
• Predictive analysis, apprehending cost
• Greater alignment between roles and functions
• Achieve Operational Efficiency & Excellency
• Self develop relevant business, personal & inter-personal skills
• Reversing Law of Diminishing Marginal Returns with fixed capital
• Generating internal revenue
• Improves Economic Profit
• Achieving competitive edge
• Delivery of value to all stake holders

He offers two-days workshop/Group workshop as the case may be  to Entrepreneurs, Business Leaders, SMEs, Employees & Start-Ups.

His concept- Business Value is not a value. Business Value is a model. Business Value Model what he values

He may be contacted at trivedi.k.manoj@gmail.com for workshop.