Competition is the buzz word if you define the business arena in today's time. Thus to achieve the short term as well as long term goals, a business organisation needs to formulate an effective strategy and adopt an effective strategic planning process. To optimize the present resources of the organisation, a crucial role is played by the advisory services in India. The advisory services act as a safeguard against the different challenges which are faced by the business organisation on a daily basis and aids in identifying the different alternatives for solving the problems. Executive search consultants in India, with experience of board consulting services, can be the right and effective conduit to design the right financial compensation model for any Advisory Board. At Cornerstone India, qualified talent turns to us to place them in various Advisory Board capacities.
Below mentioned are the prominent reasons for hiring the advisory services for your business:
• Increase in the revenue of the business organisation
• Addition of qualitative aspects to organisation
• Deepen the client relationships
• Helps in forecasting
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Why Your Business Requires Advisory Services in India
1. Why Your Business Requires Advisory Services in India
India 24/7 Hotline. Tel: +91 8010772772
vijay@cornerstone.co.in
2. Why Your Business Requires Advisory
Services in India
Competition is the buzz word if you define the business arena in today's
time. Thus to achieve the short term as well as long term goals, a business
organisation needs to formulate an effective strategy and adopt an
effective strategic planning process. To optimize the present resources of
the organisation, a crucial role is played by the advisory services in India.
The advisory services act as a safeguard against the different challenges
which are faced by the business organisation on a daily basis and aids in
identifying the different alternatives for solving the problems.
Dependable Advisory Boards can provide tremendous confidence to CEOs
and senior leaders at company headquarters, being an extra set of eyes and
ears on the ground, providing a crucial perspective on opportunities, risks
and challenges.
India 24/7 Hotline. Tel: +91 8010772772
3. Why Your Business Requires Advisory
Services in India
Below mentioned are the prominent reasons for hiring the
advisory services for your business:
+++ Increase in the Revenue of the Business Organisation
+++ Addition of Qualitative Aspects to Organisation
+++ Deepen the Client Relationships
+++ Helps in Forecasting
India 24/7 Hotline. Tel: +91 8010772772
4. Why Your Business Requires Advisory
Services in India
+++ Increase in the Revenue of the Business Organisation
The core business process of the business firms acts as the profit
generator for the organization, but it is only the advisory services which
help in keeping the revenue generated from the business intact and
also provide ways and means of increasing the same. Thus, even if you
pay a nominal fee to the service provider, you still gain a lot more
because of the profit they generate as well as retain for you.
+++ Addition of Qualitative Aspects to Organisation
By undertaking the advisory services, the business organisation gain a
chance for the development of professional as well as personal qualities
of their business organization. The professional management and
leadership aspects which these services serve on a platter are capable
enough to take the business to great heights.
India 24/7 Hotline. Tel: +91 8010772772
5. Why Your Business Requires Advisory
Services in India
+++ Deepen the Client Relationships
It says it takes a great deal to manage clients and maintain quality
relationships with the clients. The advisory services give the right
guidance to the business organisation for dealing with the clients and
locking them for life. These service providers help you in dealing with
the clients in the right manner and at the right time.
+++ Helps in Forecasting
The advisory service providers are considered as the finest forecasters in
the business world. This is because they are the owners of a detailed
information pertaining to the different business organisation of the
different business industries. They are thus the trustworthy sources for
conducting analytics for the business and thus predicting the future
patterns.
India 24/7 Hotline. Tel: +91 8010772772
6. Why Your Business Requires Advisory
Services in India
An effective board of advisors is a powerful asset that can shape
organizational thinking and make a huge difference when companies
need objective advice, to gauge future trends and seek new strategic
positions. Advisory boards can be general in scope or targeted to specific
markets, industries or issues.
Especially in the case of MNCs, with complex business as well as difficult
policy and regulatory challenges, advisory boards with experience of the
local market, can not only help think through these issues, but also
provide access to policymakers and policy influencers. Advisory boards
can also add value to localizing the business model – products to be
introduced; pricing strategy; product adaptations for the local markets;
and help MNCs find the right balance between being ‘mindlessly global
and helplessly local’.
India 24/7 Hotline. Tel: +91 8010772772
7. Why Your Business Requires Advisory
Services in India
However, the effectiveness of an Advisory Board depends on a few critical
factors like the objective of its formation, the composition, correct
financial compensation as well as the commitment of the CEO and senior
leaders on spending dedicated time with the board. Top executive search
firms in India, like Cornerstone India, specialising in HR advisory services,
can help organizations meet the three critical criteria (outlined above) for
organizations interested in mining the benefits of effective advisory
boards. It is not always important to stock the board with heavyweight
profiles, rather the members should be chosen on the basis of their
particular expertise and fit to the organization.
An important aspect of choosing an Advisory Board is financial
compensation, as this is a delicate matter. While the financial
compensation needs to be adequate, it should not be perceived as being
too high and inappropriate.
India 24/7 Hotline. Tel: +91 8010772772
8. Why Your Business Requires Advisory
Services in India
In addition, while Advisory Boards are strictly independent advisories,
the discipline of a statutory board must be brought into play to ensure
value addition to the business from such an HR investment. As they
represent a significant commitment of time and energy, a good advisory
board can be extremely valuable, if chosen well with the top executive
search firms in India. While MNCs can definitely benefit from the
expertise of a local Advisory Board, even Indian companies can use them
effectively to grow market share and develop business.
At Cornerstone India, qualified talent turns to us to place them in
various Advisory Board capacities. As one of the firms specialising in
leadership hiring, our consultants are well equipped to meet the
challenges of selecting talent that can complement and provide
substantial advice to the leadership team, keeping in mind the broader
interests of the company and its shareholders.
India 24/7 Hotline. Tel: +91 8010772772