Growth in challanging time

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Growth in challanging time

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  • Focus on long term goal, improve distribution, employ good quality people (a lot of good people are available), improve processes In cricket when the team is going through bad patch, the coach always get the players to focus on the basics.
  • Cost cutting can never grow the business but at the same time, it is important to manage and cut wasteful expenditure
  • In good times, managers sometimes neglect existing customers. Excessive dependence on acquiring new customers is not only expensive but also a risky strategy
  • Growth in challanging time

    1. 1. Nokia Internal Use Only Shiv,AIMA 08.02.13 Sustainability and Growth in Challenging Times
    2. 2. Nokia Internal Use Only Agenda • Where is the challenge – Internal or External? • What do you control? • Six Thoughts for you • Summary
    3. 3. Nokia Internal Use Only When you do well, your stakeholders think you can do no wrong. When you don’t do well, you stakeholders think you can do no right.
    4. 4. Nokia Internal Use Only External factors
    5. 5. Nokia Internal Use Only Global Economy slow
    6. 6. Nokia Internal Use Only Indian Economy also challenged Source: Citibank
    7. 7. Nokia Internal Use Only Oil price trend
    8. 8. Nokia Internal Use Only Internal factors Leadership Hierarchy Bureaucracy Competitivenes s Responsiveness
    9. 9. Nokia Internal Use Only A Challenging time is an opportunity to change the
    10. 10. Nokia Internal Use Only What is the alternative to GROWTH?
    11. 11. Nokia Internal Use Only 6 principles for sustaining growth in challenging times
    12. 12. Nokia Internal Use Only 1. Back to Basics
    13. 13. Nokia Internal Use Only 2. Right sizing the Cost base
    14. 14. Nokia Internal Use Only 3. Focus on Top Customers
    15. 15. Nokia Internal Use Only 4. Cash is KING
    16. 16. Nokia Internal Use Only 5. The Right people in your team
    17. 17. Nokia Internal Use Only 6. Focus on a few right metrics
    18. 18. Nokia Internal Use Only Summary • Internal, external factors • 6 Thoughts for you
    19. 19. Nokia Internal Use Only Thank you
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