Management Consultancy – FAQ
What are the recommended approaches in management consultancy – especially for family businesses and SMEs?
For most businesses, and more so for family offices and SMEs in the UAE, an interactive engagement with constant communication works the best. The focus in such cases is not on just making recommendations, but also on implementation monitoring and support.In a nutshell, a good approach would be as follows.
- Engage with the leadership team to finalize and prioritize the key outcomes desired from the consultancy
- Co-create or align on the vision; define strategic objectives and plans
- Assess the current state through workshops with the senior management, other key personnel and through review of internal policies and processes
- Arrive at multiple options for the organization structures, select the best option and finalize department level roles and KPIs
- Once department level roles and KPIs are finalized, deep dive into each department and create/ amend processes and KPIs to align with the changes
- Conduct team workshops and awareness sessions
- Determine responsibilities and monitoring methodologies
- Provide ongoing monitoring and change management support
Why are performance management systems important for SMEs and local/regional businesses?
Several organizations across the UAE, especially in the SME sector, have grown organically through the drive of their leadership and the contribution of some of their key employees. However, while growing and scaling up, it is important to ensure that the right people are hired, retained, and nurtured. In order to achieve this, organizations need to implement strong Performance Management Systems (PMS) to objectively measure and reward performance. Such a system is also important to align organizational strategy and objectives to individual objectives and deliverables across multiple levels.
What is process mapping?
Process Mapping means flowcharting the critical business processes using a more hierarchical approach. Prior to mapping processes, it is important to define the process hierarchy clearly across all functions of the organization.This means classification using a framework that comprises process categories, process groups, processes, activities, and tasks. While going to the task level may not be always needed, the remaining levels are a must and should be captured in process maps for the purposes of clarity and adequacy of mapping.
What is the main purpose of business process mapping?
The main purpose of business process mapping is to promote transparency and allow organizations to improve upon their current practices by creating a clear, detailed visual representation of workflows.Process maps are an important tool for software implementers to capture business requirements accurately ahead of ERP implementation. By creating the right process maps, organizations can ensure that user requirements are understood in full and clearly conveyed. Moreover, it also provides clarity to all parties on what processes can be automated using the ERP and what processes will need customizations or workarounds, as also if there are any processes which cannot be automated at all.
Latest insights, case studies and news from across the network
Things to Know About Employment Contracts in the UAE
An employment Contract is an agreement between an employer and an employee that contains fundamental working terms such as the
IFRS 16 Accounting for Leases
In this short video, our Audit & Assurance partner Nithin N. K. will provide some insights on IFRS 16 (accounting for leases), which includes details on lease modification,
The “EMARA TAX” has been launched by the UAE’s Federal Tax Authority
On 05 December, 2022, the Federal Tax Authority (FTA) launched EmaraTax, an unified communication and entirely created digital platform for managing taxes in UAE.
Get in touch
Whatever your question our team will point you in the right directionStart the conversation