MTI kicks off Gulf Road Show for 'Trim and Fit Strategy'
- Bahrain: Thursday, October 18 - 2012 at 13:30
- PRESS RELEASE
MTI Consulting has launched a Gulf Roadshow, starting in Bahrain this week and aimed at rolling out MTI's 'Trim & Fit' Strategic Consulting Solution to MTI's clients and the business community in the 6 Gulf States.
BBBF Chairman Khalid Al Zayani commented, "We are grateful for MTI's valuable insights and practical steps that can be applied to make organizations smarter and more sustainable."
In his presentation entitled: "The Trim and Fit Organization - Encountering the Tough Times", Hilmy Cader detailed how decision making in favourable business conditions determines whether or not a company survives when conditions are not so favourable.
"Tough times are only partly created by tough environments," said Mr. Cader. "Unfettered business actions in good times are in fact a major contributor to the challenges faced by businesses, which becomes more apparent in tough times."
Mr. Cader noted that research clearly shows that the way in which companies respond to adverse business conditions separates the 'living' from the 'departed'. Most businesses, which he calls "Chop & Cripple" companies, tend to indiscriminately cut costs, freeze all forms of developmental work, and adopt a 'wait & see' approach.
By contrast, the smarter companies, which he calls 'Trim & Fit' companies, use this period as an opportunity to critically evaluate every aspect of its strategy, structure, staff and systems to properly assess how each dollar spent and task performed enhance the value added. They also see the upside of acquiring under-valued assets, strengthening market position and preparing for when conditions return to normalcy.
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