Author: Aishna Nasnodkar The hospitality industry is highly competitive, and businesses in this sector require a range of skills to succeed. Hospitality consultants are seasoned experts that specialize in giving expert advice and direction to hospitality concerns. Strategic planning, financial management, marketing and branding, budgeting, operations management, and training and development are among the services they provide. Hospitality consultants deal with a wide range of businesses, including hotels, resorts, restaurants, bars, and event management concerns. Businesses looking to establish a new venture or improve the performance of an existing one may seek their help. They may be hired in some …

Author: Devasree Karapurkar Customer profitability analysis is a crucial process that involves evaluating the profitability of individual customers and customer segments. By analysing the costs and revenues associated with each customer, companies can identify which customers are critical to the organisation and generating the most profit and which ones are not. It analyses costs at every customer touchpoint including marketing, customer acquisition, customer fulfilment, customer service, customer retention, returns, etc. The goal is to determine which customers are profitable for the business and which ones are not. Such an evaluation will be beneficial in several ways: One significant advantage of …

Author: Devasree Karapurkar Financial due diligence is a crucial process that is undertaken before any investment, merger or acquisition. It involves a comprehensive examination of the financial statements and other key documents of a company like secretarial records, HR-related documents etc, which may have a financial implication on the transaction. The objective is to verify the accuracy of the financial information provided by the target company. It also helps to identify and mitigate any potential financial risks that may exist post the transaction. There are two sides to a transaction: the buyer’s side and the seller’s side. It needs to …

Author: Suprita Mallya India is at a critical juncture in its economic history, having recently celebrated 75 years of independence. With a population of over 1.3 billion people, India’s sheer size and growth potential are hard to ignore. It has already become the world’s fifth-largest economy and is projected to surpass the United Kingdom in the near future. With its young and vibrant workforce, India has the potential to become a key player in the global industry, particularly in the manufacturing sector. India is aiming to become a global manufacturing hub and aims to export goods worth USD 1 trillion …

Author: Suprita Mallya Environmental, Social and Governance (ESG) Practices might not be a new concept however, it is certainly going to play a major role in the Indian manufacturing Industry. But what are ESG practices? In simple terms, Environmental criteria take account of how the organisation protects the environment, Social criteria include how the organisation manages its relationship with suppliers, customers, employees and communities that it engages with, and Governance criteria involve standards that ensure transparent accounting and reporting, accountability to stakeholders and diversity in leadership. In recent years, there has been a growing awareness about the importance of environmental, …