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2016- An Invigorating Dawn in the Indian Economy!
No wonder, that the unsteady financial outlook of India has been a gospel truth in this 21st Century. In this writing piece, I am exploring the financial year- 2016 regarding the outcomes it is likely to bring for us. We know that economic deterioration is not an everlasting thing but, the continuous series of critical financial downturns has indeed terrified us with longer and constant losses. A weird crisis is increasing at an enormous pace as global economies have complex interrelations. The hazard has become viral and thus affecting many countries around the globe.
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Lean transformation at a leading manufacturing company in Middle East
From its modest beginning in 1987, Genco Group has emerged as a shining example of Oman’s entrepreneurial spirit and manufacturing prowess by becoming the leading company in engineering design and manufacturing in the Middle East & North Africa (MENA) region. The multifaceted powerhouse has partnered with the best-in-class global leaders to offer a wide range of effective solutions to clients including ministries and government bodies, private sector giants and multinational companies across industries such as power & water (utility), oil & gas, construction, manufacturing, tourism, health, education, telecom, real estate, and retail, to name a few.
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4 Step Approach to Effective Process Management
Such scenarios are common in every line of business, wherein the results are subject to people executing the task. However, if there is a proper management of processes, such catastrophic situations can be easily avoided. Process management is having a standard way of performing the activities required for the organisation, to satisfy its customers and having a measurement system in place to monitor and control them. It enables the organisation to be process driven instead of man driven.
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Economic Outlook
Looks like the worst is behind us in terms of economic instability; and finally growth and reforms seem to be staging a comeback. One of the immediate tell tale sign is the softening of inflation, in fact the drop in headline inflation figures to an all time low of 5.96% in March 2013 has baffled economists and has called for prompt actions on the part of the Reserve Bank to consider immediate rate cuts and infuse much needed liquidity into the system.
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