Management And Control

The purpose of management and control activities is to produce and use financial and support information to inform , monitor, and instigate operational actions to meet organisational activities. This will also play an important part in refining or redefining those Organisational objectives.

It includes various activities but major activities can be classified as under:

• Management Information Generation
• Information analysis and application
• Internal Audit
• Management Accounting

Management Information Generation

It includes development , production and analysis of the information used for management and control purposes. It may include financial as well non financial information. It covers planning, forecasting, budgeting, target setting, analysis and reporting. The content and scope may vary from Organisation to Organisation as per the need and requirements which may require aggregation of both past and future data. A strong and reliable information generation is very crucial in the overall process of decision making and management as this data forms basis of all other analysis and reporting.

Information Analysis and Application

This activity primarily includes how information is used for Management and Control. Sound application of data is very important for management and decision making. Following four are the major application areas of information:

• General Management and Control of Operational Activities ; generally with an implicit focus on profitability or value for money goals .
• Cash and Treasury Management ; It has two main performance dimension , first Impact on Company Valuations as it is based on the net present value of future cash flow and second as an asset class to be managed through treasury activities
• Investment Appraisal; seeking merits of investment options using both cash approaches ( Net Present Value and Internal Rate of Return ) and Profit based appraisals.
• Tax Management : It involves the consideration of range of factors such as decision on transfer pricing , legal entity structure, operating locations, and financing structures. Generally Organisations focus on minimising tax liabilities However , progressive and bottom-line focussed managements have realized that taxes (both direct and indirect, domestic and international), should be viewed as a dynamic item of cost rather than a passive charge on the profits.

Indeed, an effective tax-cost management provides a distinct competitive advantage. This requires the application of appropriate tax strategies proactively identified and surgically implemented

Internal Audit

In the current scenario, when business processes are getting complex, regulatory involvement is increasing , it is important to have a continuous review of the processes to ensure that they are in line with Organisations established procedure and working towards achieving the Organisation's goal and objectives.

A sound internal audit will help management to have a look at current progress, identify gaps and take timely decision to fill those gaps and proceed for implementation of decisions for improved Organisation's performance.

Management Accounting

Management accounting involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy. It may be regarded as a partnering with the management in the overall decision making .The activities in management accounting includes forecasting and planning, performing variance analysis, reviewing and monitoring costs etc.

Strategy And Risk Management

The Purpose of Strategy and Risk management activities is to inform and influence from a financial perspective the development and implementation of strategy and to manage risk. It includes following key areas:

Strategy

Finance is firmly integrated in the strategy process for three main reasons:

• Financial Resources: The effective implementation of strategies requires sufficient financial resources.
• Success measure : For commercial entities in particular a key measure of Organisational Success is Financial Performance.
• Cross Organisational Visibility : Financial Information provides a uniform measure of performance across the Organisation and is a key means of making Organisational Activities visible and thus understanding the business.
• Strategic and Annual Plans.

Organisations tend to be more successful if they are led against the backdrop of a strategic direction, rather than via reactionary response to short-term and immediate changes in circumstances.

Setting a strategic direction allows longer-term planning to be effective and enables senior leaders to determine and plan to achieve future business opportunities.

We can support senior leaders through the process of setting the organisation's strategy, bringing an external independent perspective to the discussions.

Having set the strategy and agreed the organisation's goals or objectives, we are also experienced in supporting the translation of the appropriate elements of the strategy into the annual business plans, ensuring "line of sight" between the strategy and operational activities.

Organisation governance framework.

Directors of an organisation have personal responsibilities for their actions in respect of the organisation's business. Our framework outlines the key responsibilities of accountable executives and Boards, their powers of delegation, the conduct expected of the Board and its proceedings. It reflects principles that have been adopted by the Organisation demonstrates its commitment to openness and public accountability.

Organisation performance measurement.

Having determined an organisation's strategy and its key objectives, reviewing progress towards achievement of the intended goals is central to the activities of the Board and senior leaders. We offer assistance to clients in identifying the critical success factors that underpin achievement of strategic objectives, and the range of performance indicators and associated measures against which to review progress and to support strategic decision-making. We are also able to advise on formats for the reporting of performance measures, review and escalation responsibilities and processes.

Process review and alignment to strategy.

When an organisation agrees a new strategic direction, it is important that all processes support the efficient and effective realisation of the Corporate goals. Often, processes will have been designed to deliver against an earlier and different strategic agenda. Optimizing business process through alignment to the new strategy is a crucial activity if the business is to operate efficiently and we offer support and advice on process review and alignment to strategy.

Risk Management

Risk management is an integral part of business management today. For effectively managing the risk it is equally important to first assess the risk. Risk management is an on going process and the range of activities can get very broad as per the needs and requirements of the business. Setting of risk policies, identification of risk across the organisation and monitoring of action plans designed to manage such risks.

Mergers and Acquisitions

Mergers and Acquisitions between NGOs in Aid sector is not new but yes not frequent. NGO mergers and acquisitions though are not as popular as in case of for profit but they are increasing considering donor funding dwindles and the desire to go local and impact increase.

At international level there has been many successful mergers in the NGO sector which are primarily aimed to leverage resources and scale up efforts in the common causes.

Business And Management Audit

Management Audit is a systematic examination of decisions and actions of the management to analyse the performance. Management audit involves the review of managerial aspects like organizational objective, policies, procedures, structure, control and system in order to check the efficiency or performance of the management over the activities of the Organisation.

Management Audit is an assessment of methods and policies of an organization's management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.

Major Objectives of Management Audit are:

• Establish the current level of effectiveness
• Suggest Improvements
• Lay down standards for future performance
• Lay down standards for future performance
• Guidelines for organizational restructuring
• Introduction of management information systems to assist in meeting productivity and effectiveness goals
• Better use of resources due to program improvements.

Management Audit could serve as foundation to the overall conduct of the business. Our team while designing and conducting the audit will ensure that the solutions and suggestions are aligned with the overall objective of the business , in other words, our suggestions will only add to the overall effectiveness of the conduct of the business keeping in tact the reason for existence and the business objective of the Organisation.

Communications Building Training

Once you decide to start your own business, you have to do it all by yourself! You do not have the funds to afford a clerk, a receptionist, and a secretary. You need to make the memos and write the emails by your own. In short, it is just you to leave an everlasting impressing on the investors and clients.

The entrepreneurs, therefore, need communications skills. You should be able to let the rest of the world what you need to convey, clearly and effectively. Communication skills include both written and oral skills. Sadly for an entrepreneur, you cannot afford to ignore either of them.

At Dishtayate, we ensure that the young entrepreneur only has to worry about the business expansion plans since we take care of the communications development and building. With our integrated training and courses especially made for the entrepreneurs, we help you in learning the communications skills quickly and effectively.

For continuous growth of your business, communicating with your stakeholders should be your first priority. Dishtayate helps in providing the assistance of the best communicators in the industry who align with you in developing the most crucial trait for ensuring the success of your young business.

Our team of experts study the exact communications development need and come up with tailor-made solutions aimed to take your personality to the next level. We work on both written and oral skills so that you will never hesitate in contacting investors or clients about your business ideas.

Entrepreneurship Building

Is it possible for your business idea to grow into a corporate juggernaut?

The answer is a big yes! However, you need one skill that differentiates the winners from the ordinary businesses: the skill known as entrepreneurship. However, can a trait like entrepreneurship developed through training and guidance? Again, the answer is yes!

At Dishtayate, we believe in collaborating with your business idea, considering it ours. Entrepreneurship Building is a systematic process by which the innovative businessperson inside you can be nurtured to become a corporate success story. The salient features of the entrepreneurship building service include:

• Services related to fundamentals of entrepreneurship
• Recognizing opportunities in core business areas
• Determining the feasibility of your business idea
• Assisting and conducting market research
• Managing marketing strategies
• Internal control management
• Compliance Management

Ideas are nothing without a proper execution. With our entrepreneurship building services, your ideas will get new dynamics. We understand the potential of a business idea and provide only the right advice to the clients that help them in the implementation of the business plan.

From idea to execution, Dishtayate team is always with you to support you to overcome any obstacles in your entrepreneurship journey. The ease of doing business in the twenty-first century has increased a lot compared to any time before. However, it brings along another set of unprecedented challenges for an entrepreneur to successfully run a business in a highly competitive environment.

From management to compliance, from marketing to finance, the Dishtayate team is always around to help you in running the business successfully and effectively. No other consulting firm has such a comprehensive range of services for the young entrepreneurs.

Leadership Training

Entrepreneurs are the new leaders of the corporate world

Did you find the above statement a bit exaggerated? If you did, then probably you do not understand the potential and relative impact of the entrepreneurs in the corporate world today. The entrepreneurs are leading the world and showing the most experienced corporate houses, how it is exactly done.

However, not all entrepreneurs are the best leaders. They can be wonderful team players, robust decision-makers, and impeccable managers. But when it comes to leadership, they fumble a bit. Why else would you see so many companies (and start-ups) appoint an independent CEO?

Is leadership a trait which can be perfected by training? Dishtayate strongly believes it to be the ultimate truth. Not all the leaders are born-leaders but are crafted with years of training and continuous efforts. We provide you with the insights, which can help you to stop managing the staff or resources, and become a leader. It is a proven fact that a good manager might not be a good leader.

Our learning tools will help you in development of:

• Understanding difference in managing and leading
• Understanding why being a leader is crucial for every entrepreneur
• Mastering problem analysis and decision-making
• Effectively communicating organizational changes
• Improving the listening skills
• Recognizing team success with enthusiasm
• Learn how to delegate
• Become a manager with an empathetic outlook

You do have a leader inside you! Being an entrepreneur, you have taken the most crucial step of taking the most difficult decision. Now it is the time for you to lead the world. Dishtayate will be your guide in ensuring that the transformation from an entrepreneur to an entrepreneurial leader will be smooth and effective.

Soft Skills Training

What differentiates the entrepreneurs from rest of the world? The answer is the decision-making ability which is possessed by almost all of the successful entrepreneurs across the world.

You have already made one of the toughest decision by following your dreams. Now, it is time for you to make an impact. The biggest impact which you can make is to face the real world by taking the best foot forward.

You need to leave an impression before your clients, your investors, and your customers. Most of them won’t be impressed of what you wear and what car you drive. They will be impressed by your soft skills.

Contrary to the name, soft skills are very hard to learn. These skills cannot be mugged up by passing a degree or diploma course. You either have it or you don’t have it. But the question remains, can soft skills be developed?

Dishtayate has a definite answer to the question: YES! Our team of experts build the most comprehensive solutions and training for the entrepreneurs that help them in developing the soft skills and development of the internal thought process so that you can go out there and share your dreams and outlook with the world.

Our training includes the following:

• Communication skills training
• Anger management training
• Team skills training
• E-mail etiquette training
• Negotiation skills training
• Behavioural traits such as time management, stress management etc. training

As an entrepreneur, you can easily live without the hard skills. You might be a commerce graduate and can run an IT company. However, you cannot make it big unless you take this decision to work on the most crucial skillset of current environment: the soft skills.

Team Building Training: Entrepreneurs

Entrepreneurs are the lone wolves. They are the hungry species who are at the bottom of the mountain and know how crucial it is for them to reach the top. They are full of energy, enthusiasm, and perseverance. However, as an entrepreneur or rather a potentially successful entrepreneur, you must understand that you cannot do it all alone!

As an entrepreneur, it is rather difficult for you to do everything on your own. Even though how fancy it might sound, it is rather not possible for any person to devote hours at different jobs and doing them to perfection. You need a group of people who are well-acquainted in their respective fields, and you need to build a team.

However, building a group, an organization, and a business for an entrepreneur is way too easier as compared to building a team. For any business or for any individual for that matter, building an efficient team is one of the most challenging tasks.

You cannot expect an individual to walk into your business organization and get attached with your dreams. They are your dreams, after all, and not his! Team building is a slow and gradual process and perhaps the most important ingredient for ensuring the success for an entrepreneur.

A team always requires a captain and a coach. It is always the captain’s team and coach is always around to improve the flaws. The entrepreneur is the captain of the team and Dishtayate will act as the coach of the team-building process that includes integrated training and procedures that will help the entrepreneur in the creation of trust and bonds among the team members.

The output of the coach (Dishtayate’s) training methods can be summarized into:

• Finding the problem areas in team building
• Trust-building exercises
• Making the employees feel their importance in the business
• Ensuring that your dream becomes their objective