Organizational Restructuring, Process Improvements and Market expansion Strategy
Client / Industry Brief
- The Client is a Kuwaiti based Construction Firm in Bahrain, which is involved in construction of specialized towers .
- IT has about 580 employees in Bahrain and have offices in Kuwait, Oman and Saudi
- The company is a market leader with backing of a strong parent company and have high probability of winning high profile projects and has very good network of strong investors who has capability and are willing to invest
Project Objectives
- Organization Restructuring:
- Changes in organizational reporting for better functioning and removing silos between departments , hiring and headhunting of top management
- Process Improvements:
- Identification of areas where significant improvement can be made and implementation of appropriate process improvements for improving the financial stability of company
- Market expansion strategy for company and segments to concentrate for better profitability
Project Methodology
Project Benefits
- Defined processes in the areas of Procurement of building materials, Accounts payable and Project management in construction were identified and rectified. These better process will ensure the financial growth year on year and financial stability of the organization
- Organization restructuring along with the hiring/replacement of the key roles in organization has resulted in better functioning of the organization
- The suspended credit lines of the organization(due to losses incurred during previous years) was renewed
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