Simulations & Strategy
We can add Monte Carlo Simulations, an important technique in probabilistic analysis of outcomes, to any model.
Using Monte Carlo Simulations we can help develop a success path for your business to achieve goals that you set out for yourself.
Strategy Advice and Simulations are closely linked. Read below to understand our capabilities and how we can contribute to success of your business.
Simulations
We can add Monte Carlo Simulations to your models and assist in analytical decision making
Monte Carlo Simulation is a powerful technique that, when added to a model, can help understand the performance of designated outputs under varying conditions with estimates on probability of achieving desired or undesired outcomes.
Monte Carlo Simulation technique offers significant advantages over traditional analysis techniques such as base case analysis, regression, what-if sensitivities, breakeven analysis, optimization or linear programming. While Monte Carlo Simulation takes time in both setting up the model and execution, when compared to other analysis techniques it offers a much more comprehensive analysis and gives probability of outcomes.
While traditional techniques use Excel functionalities such as goal seek, data tables, solver, etc., Monte Carlo Simulation requires the use of industry standard tools. We use third party tools, which also offer many other useful functionalities.
Strategy Advice
Our quantitative approach and experience of interaction with managements enable us to offer a unique and comprehensive service on Strategy Advice.
We advise businesses on the overall strategy for their organizations. Our aim is to bring out areas important to the success of the business as desired by the management and what drivers should be focussed upon to achieve success. We leverage upon our understanding of what makes businesses succeed and our methodology enables us to give advice on diverse industry segments.
We offer strategy advice on how to win in your business. There are multiple goals that businesses set out for themselves and for which we can offer advice:
|> how to win and be #1
|> achieve high growth
|> achieve high profitability
|> de-risk the business
|> validate business-as-usual
Our approach to Strategy Advice
Our Strategy Advice is based on 4 basic tenets
|> Development of strategy through a comprehensive quantitative methodology
|> Emphasis on participation of all stakeholders to incorporate their perspectives in development of strategy
|> Elimination of personal biases through quantification of risk variables and having a qualitative+quantitative approach
|> Developing a clear and comprehensible report
Strategy Implementation and Program Management
Post Strategy Advice, we can provide support in the implementation of the advised strategy. We also provide program management support to assist in ongoing and planned programs.
We develop a strategy implementation plan based on the following principles:
- Strategy implementation through a detailed planning process that outlines actions, manpower to implement the actions and budgets required
- Monitoring the implementation plan through periodic MIS, reviews and continuous interaction between implementation team, top management and SBUs
- Match monitoring outcomes with chosen KPIs and risk parameters and advise on mid-course correction if required
- If required, to carry out capability development by training an implementation team on the required implementation capabilities
We carry out program management based on the following action points:
- To take on the function of the implementation team
- Provide analytical support and work closely with the top management
- Support top management in managing important internal and external stakeholders in the process and business
- Creation of MIS and instant update capabilities for top management