IKUCHI - Management Cosultancy

Why Family Business Fails   (નવી પેઢી અમને તારશે કે ડુબાડશે ?)  In India and around the world, 80% businesses are Family Run ( પેઢી ), out of that only 30% are lucky to grow in 2 nd Generation and 10% in 3 rd Gen and such business employs 70% of the work force !                               a big responsibility on their shoulders .… Well, It’s true that every family wants to grow their business as they love and care for it but not able to transform/succeed from next generation onwards. Why these happens ? We have analyzed the reasons for failure and it’s mainly because :- (1) Lack of Succession Planning  (2) Lack of Vision (3) Poor Working System (4) Low Professionalism (5) Conflict in ownership and remuneration structure (6) Division of Assets , etc. In India, very few family business are able to cor...

Key Drivers for Transformation and      Positive Change We need to Transform & Improve continuously to ensure productivity & sustainilibility, but, despite huge investment of time and energy , companies often fail to transform successfully , at least 65%   failure rate. To achieve positive change there are three key drivers to take note of   for our business .   1) Mission: Our mission should be purpose driven which ensure alignment of resources (men, money, material, machine). 2) Work Force: We need to put employees forefront to drive change. They need training, tools and motivation to become real enablers of change. 3) Automation: Most of us are still using old fashioned legacy reports, we need to move towards artificial intelligence , digital data management   which should be integrated with all departments and divisions to get quick and accurate reports. These are the few key drivers where once we focus, ...

  Manage Inventory and Save Cash In 2001, Cisco has written off Rs.15,000 Cr of Inventory !!! Cisco is USA based IT company   having   Employees strength of 75,000 and Sales of Rs. 3 Lakh Cr, selling switches and routers in more than 150 countries. Why it happened with Cisco and what about my stock   ? To manage inventory - is not only a job of store keeper, it is a joint responsibility of   Sales & Marketing person to forecast the demand and predict the market condition, job of Purchase officer to have a agreement with supplier   to buy items on JUST IN TIME basis through out the year, Job of an Accountant to alert   the management when Inventory level is high by doing ratio analysis. If Cisco can fail in managing inventory issue because of above reason, we may also fail. To avoid such excess inventory problem, we need to implement EOQ (Economic Order Quantity) Model in our business.         ...