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Hero
Corporate Service Limited undertakes projects and planning
for greenfield projects in the management segment as well as
Business Process Re-engineering, change management and product
development, within the Hero Group.
Objectives
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To
identify, evaluate and select opportunities for the group
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To
plan and implement selected projects/ opportunities
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To
create a resource base that would interact with existing group
companies providing analysis to support decision-making and
implementation
Approach
The approach adopted by HCSL in the handling of greenfield and
BPR Projects, fall into two segments:
-
Preparatory Phase, which comprises:
- Scanning for new business opportunities
- Assessing potential and likely fit
- Studying viability
- Identifying resources: available & required (finance,
technology, collaboration etc.)
- Board Approval
- Implementation
-
Implementation Phase, which includes
- Assembling a Core Team (from projects/ from group companies/
new (if required)
- Implementation by co-opting outside consultants, service
providers etc.
- Monitoring the progress
- Spin off fully operational unit into operating company
In the context of Consulting Assignments
for Global Customers, the planning procedure involves:
-
Identification of broad concern areas (company / group management)
-
Diagnostics
(with company staff and outside service providers)
-
Action
recommendations to Board
-
Implementation
of action plan (with corporate, in company and outside resources)
The
Ongoing Interactions with regard to the above are:
-
Market scans and feedback on opportunities
- Technology
evaluation and feedback
- Data
analysis and review
- Assessment
of marketing, communication and other action programmes
- Evolving
corporate identity programmes to reinforce the Group and its
image
- Identifying
and assisting skill transfer between Group companies.
- Developing
benchmarking levels for best practices in various areas as reference
for Group companies.
- Total
Productive Maintenance (TPM)
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