Management Consulting India's Strategic Consulting idea to their client gets selected for business attractiveness by 'Power of Ideas' initiative by Economic Times
We are happy to share through a press release that one of our Growth Strategy Consulting idea to an esteemed client of ours, has been shortlisted for its business attractiveness by the 'Power of Ideas' initiative run by Economic Times of India.
- (1888PressRelease) September 05, 2010 - Management Consulting India provides Strategic Consulting to one of their client and the idea resulting from the consulting project is submitted to 'Power of Ideas' initiative. This initiative is run by Economic Times of India and their expert panel shortlists the idea for its business attractiveness and the client might get a funding from the venture capitalists.
Details:
In April'2010, Management Consulting India had provided "Growth Strategy Consulting" to a company from the automotive component manufacturing industry. Among the suggested strategies, one of them was a very promising idea that was out-of-the-box but practical. But it also required initial investment to implement and the client was willing to take it forward, provided some funding was available.
At this juncture(June'2010), the 'Power of Ideas' initiative was started by 'Economic Times' in association with the Department of Science & Technology, Government of India (DST) and IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE). Each submitted idea were to be evaluated by an expert panel consisting of management guru's, experienced businessmen and savvy investors.
We advised our client to submit the idea to this initiative for 2 reasons. First, if the idea gets shortlisted, it would indicate the business attractivess & strength of the strategy as it will be approved by a panel of renowned experts. Second, there is a high possibility to get connected with venture capitalists and get the required funding from them to take this strategy forward.
The client agreed and we helped to create the business plan for this idea and the same was submitted.
Today, this idea is among the 850 ideas shortlisted for funding out of 16,242 ideas received by the campaign. This represents 5% of the total ideas submitted. This is the first major stage in this initiative. The next 2 stages are critical until we reach the final funding stage, but we are hopeful and positive.
This is a very bright moment for our client as well as for our "Strategic Consulting" service offering.
We would like to thank all our clients, partners and well wishers for their continued support and association with Management Consulting India.
Have a Good Day !
Regards
Sonia
PR Manager
Management Consulting India is an integrated consulting firm providing consultancy in the areas of management including Strategy, Supply Chain & Operations Mgmt, Financial & Cost Management, Marketing & Branding and Information Technology Consulting.
For more information, please visit
http://managementconsultingindia.com/
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