Trim and Fit to help companies
Based on extensive research of how businesses can positively respond
to the crisis, MTI has formulated a 'Trim and Fit' - a
performance-driven consulting solution to help companies prevail during
the tough times and seize upside opportunities.
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Hilmy Cader |
CEO of Hilmy Cader was the keynote speaker at the Way Forward Forum
organized by The Management Club and the Chartered Management Institute.
The MTI CEO shared their learnings on how businesses can gear themselves
to benefit from the expected economic upturn in Sri Lanka
To begin organizations need to align the strategy to meet specific
tough times conditions followed by taking the 'fat' off the processes,
before developing a lean structure - all of which is finally driven by
ensuring staff are motivated.
Explaining two key features of the model, the Hilmy Cader, the CEO of
MTI said "Trim and Fit looks first at cost rationalizing based on
vertical costs - as opposed to conventional horizontal cost cutting,
which runs the risks of cutting off the 'veins and arteries' of the
business model. The head count is considered as a last resort and even
if head count needs to be cut, retrenchment is the last option."
One of the highlights of this approach is that businesses need to be
trim and fit not just in tough times but also during the boom so as to
prevent unchecked expansion.
Another key message that the implementation of one's decisions on the
environment and those at the bottom of the pyramid are significant.
When such issues are ignored momentarily, it is likely that one of
the future implications can be costly. |
