Surviving the worst

We all have heard that “survival is for the fittest” and those without proper fitness in the business are bound to lose out to the market. The example of General Motors, is the best in the case. The company that once used to rule the U.S automobile industry with a 50% market share, filled for bankruptcy in 2008. The managers of the company said, that the “economy got us”, referring to the crisis of 2007-2009. However, there were other car manufacturers as well, operating in the same economy and none of them filed for bankruptcy. It was just the General Motors.

What went wrong at General Motors is another thing, but it was surely because they could keep up with the changing market and could not understand their strengths and started to lose out. This is a common thing when business cross a certain mark, the innovation is lost, and the management start to face a hard time managing the phase that the business is faced with.

This is why business need consulting firms. Businesses need to use a fresh perspective to the problem, and this is exactly what was seen at General motors. Soon after the bankruptcy was filed, the then chief executive officer resigned and a new CEO joined in. This was because the business needed new brains to think with. The consulting firms do the similar job. Although, they do not replace the CEO but they do offer new ideas and ways to tackle the business problems faced by the management.

These consulting firms are expert in their areas of operations. Such as, a marketing consultant will help the business with developing a marketing strategy, and an IT consultant will help the business with installation and management of the data and data structures with in the business. Similarly, Sayub & co. a business consulting firm in Karachi, has it expertise in the area of financial services, and law. The services of Sayub & co. is a perfect synergy of the two, to help you improve the way you do business. With our transaction, advisory services, feasibility studies, legal advisory you will be introduced to new solution to your persisting issues. For more information of our services contact us today.