SynergyWorks helps companies organise and structure the key elements of
decision-making in various business functions and applies the result to improve
their companies' operational effectiveness and competitive advantage.
Our approach is developed from the knowledge gained from big MNCs in different
industries. Depending on
your business needs, SynergyWorks could employ all or some of the following components
in our approach to satisfy the critical requirements of your business.
Strategic and Business Planning
Strategic and business planning is one of the most
made used by MNCs to determine the allocation of their limited
resources. It helps the company to steer its operations in the right
direction and ensures the company make full use of its key strengths to
maximize its potential. At the same time, it helps to identify areas of
improvement that could enable the company to emerge as a stronger player
in its industry. Having a strategic plan also allows the manager to stay
focused on the company's objective without forgoing the flexibility
to proactively respond to the dynamic market conditions.
Business Modeling helps a company identify the key revenue and cost
drivers for various departments. It also identifies the relationship of
these drivers between departments. By understanding the
inter-departmental influences, managers are able to appreciate and
promote inter-departmental co-operations.
Business modeling is very
powerful if they are well designed. It can help to align the business
forecast with a consistent set of assumptions. With the model, the
company can also run scenarios based on different sets of assumptions.
It helps the company understand the influences of key assumptions and
anticipate the outcome should a particular set of assumptions come true.
This helps the company to be better equipped for the fast changing
business environment and provide a shorter yet accurate response to
these changes. Good business model can help constantly align their
resources with the development of the external environment and ensure
that their resources are spent in a timely manner.
SynergyWorks has the experience and skills to design good
models for you. We have a good
understanding of various business functions and are able to create
business models at a shorter period of time. Our models are simple yet
dynamic and efficient, thereby minimizing the amount of resources
balanced scorecard is commonly known as the key performance indicators.
It consists of a set of targets derived from the business model. These
targets are assigned to relevant departments whereby managers could
break down these key indicators further and provide their staffs with a
set of operational targets that are meaningful to their daily jobs. This
can drive the company towards better financial returns when their
employees achieve the targets set for them.
With the advances in IT, companies are no longer faced with a lack of
information. Instead, information is so overwhelming that managers are
spending too much time looking at reports that are irrelevant or only
partially meet their requirements. As a result, they make use of
multiple reports just to get a holistic view of situations such as sales
performance, top 10 customers by products, etc. Also, in some cases,
decisions are even made based on biased information presented from a
single source. Hence, this may end up solving part of the problem or
create even more issues. At the end of the day, valuable time is wasted
SynergyWorks has the expertise in reviewing, consolidating and
presenting the reports from a business
perspective. We have worked with management teams from various companies
and understood their needs to look at concise yet informative reports.
At the same time, we have hands-on experiences in extracting data from
the databases and filtering the unwanted information that can easily
confuse decision-makers. We are able to bridge this knowledge gap
between the IT experts and the business people and provide good and
quality information for decision-making. This will help the company
identify and directly address the root causes of problem instead of just
managing symptoms only.
Economic Profit Management
EPM is an integrated
approach to maximize shareholders. value. Economic profit management
provides the company with an in-depth understanding of the business. It
looks at the financial health of the company beyond the financial
statements. The EPM Model looks at the cost of managing business and
evaluates the business in
terms of returns expected by the shareholders. Two companies that
generate the same amount of profits may have different returns because
of the way they are managed.
Using the EPM model allows the company identify potential areas that
can maximize shareholders. returns. It facilitates decision-making by
evaluating projects from the shareholders perspective. In addition, the
model can be extended to determine and justify the amount of
compensation for the managers.