MTI launches new consulting solution
Manama, June 19, 2009
Bahrain-based MTI Consulting has launched Trim & Fit, a performance-driven consulting solution to help companies prevail during the tough times and seize upside opportunities.
'A common feature of all financial crises that the world has faced over the last 371 years, from the Tulip market slump in 1637 to the Great Depression of 1929 to current crisis, is the collapse of some of the strongest companies that enjoyed meteoric rise in the good times,' said MTI Consulting chief executive officer Hilmy Cader.
'The way in which companies respond to the crisis, is what separates the living from the departed.
'Most organisations tend to indiscriminately cut costs, freeze all forms of developmental work and adopt a wait and see approach.
'By contrast, the smarter companies, we call them Trim & Fit companies, while being prudently cautious, use the crisis period as an opportunity to critically evaluate every aspect of their businesses, challenging every dollar and every stroke of work as to the value added.
'They also see the upside of acquiring low valued assets, strengthening their market position and gearing their organisations for the upturn,' he added.-TradeArabia News Service