CASE STUDY
Reaching for Benchmarks
Executive Summary
The Case focusses on a company that achieved Cost-Leadership and transformed itself from a midsized Indian firm to a global player. Subsequently, as the company set its eyes on a vision to achieve Benchmark Performance on 6 critical areas, the COO realised that the Cost-Leadership alone, could not accomplish this vision.
Vernalis supported the company in its quest for Benchmarks by launching over 70 different projects covering about 60% of the manpower. Projects covered areas of Hierarchical efficiency, Cross-functional alignment, Performance Management, Leadership development, among others. All of these helped create a robust receptacle for the company enabling it to set stretch targets on the 6 critical areas, thereby accelerating the journey towards Benchmark performance.
Key Insights
- Achieving Benchmarks is possible even in a Low Capex Setting
- Leadership Focus and Commitment is the number one Cause for Organisation-wide Super Performance
- There is significant scope to improve Productivity in the Managerial Hierarchy by having unique and value adding roles for all coupled with more delegation and empowerment
- Performance Management, if done properly, can serve to align the organisational effort, as well as to improve individual focus and performance significantly.
Challenge
The Case focusses on a company that achieved Cost-Leadership and transformed itself from a midsized Indian firm to a global player. Subsequently, as the company set its eyes on a vision to achieve Benchmark Performance on 6 critical areas, the COO realised that the Cost-Leadership alone, could not accomplish this vision.
Intervention
Vernalis supported the company in its quest for Benchmarks by launching over 70 different projects covering about 60% of the manpower. Projects covered areas of Hierarchical efficiency, Cross-functional alignment, Performance Management, Leadership development, among others. All of these helped create a robust receptacle for the company enabling it to set stretch targets on the 6 critical areas, thereby accelerating the journey towards Benchmark performance.
Outcome
The Case focusses on a company that achieved Cost-Leadership and transformed itself from a midsized Indian firm to a global player. Subsequently, as the company set its eyes on a vision to achieve Benchmark Performance on 6 critical areas, the COO realised that the Cost-Leadership alone, could not accomplish this vision.
CONTACT US
Vernalis India Private Ltd.
6 C 3 Gundecha Enclave,
Kherani Road, Saki Naka,
Andheri East, Mumbai – 400 072
Contact: Mr. Abhijit Bhabhe
Board : + 91 22 6725 8000
Email : service@vernalis.in
Vernalis Singapore Pte Ltd.
105, Cecil Street, The Octagon Bldg,
#11-00 (Unit: 1120),
Singapore – 069534
Email : service@vernalis.sg
Vernalis India Pvt. Ltd.
6C3 Gundecha Enclave,
Kherani Road, Saki Naka,
Andheri East, Mumbai - 72.
Board: +91 22 6725 8000
Email: service@vernalis.in
