automotive companies emerging from the COVID-19 crisis can now look forward to
sound professional advice to overcome challenges they may be facing on several
fronts. The challenges could be related to their internal capabilities like
wallet share improvement, new customer acquisition, robust product development,
generation of free cash flows, etc.
Foundation, a not-for-profit
organisation, through its new acceleration programme by Wadhwani
Advantage aims to address these challenges and offer solutions to business
entrepreneurs for maximizing their growth potential through ‘Do-It-Yourself
(DIY)’ discovery and business solution tool kits and other knowledge resources
using AI-enabled automated logic and personalized interventions.
primary mission of this foundation is to accelerate economic development in
emerging economies by driving job creation in India and other emerging
economies through large-scale initiatives in entrepreneurship, small business
growth, innovation, and skilling.
Wadhwani Foundation works in partnership with governments, foundations,
corporations, and educational institutes through several Initiatives. The
Wadhwani Advantage offerings are high-quality interventions without charging
any price. The curated advisors will offer pro bono and subsidised or
success-based fees, if needed, to help the businesses to finish their
transformation journey and be certified by Wadhwani Advantage. The programme
plays a leading role in governance and delivering impact in accelerated
outcomes of growth and employment.
Advantage has come up with its own proprietary Wadhwani Index and Scoring
system that would set the goals for performance improvement. The proprietary
automated discovery tool is designed to empower the businesses to measure
performance on the basis of 27 key performance indicators, with eight among
them as the most important ones, across the seven quarters in the past and into
the future and also allows these companies to compare themselves with industry benchmarks.
The committed consultants engaged with the program will assist the businesses
in using this tool and help the auto component companies aspire towards
Advantage program has built tens of scenarios for each of the indicators and
has used automated intelligence and logic to recommend the appropriate
transformation projects that the small businesses must undertake to transform
and accelerate their growth. Those businesses interested in applying can do so
Sathe, Executive Vice President, Wadhwani Advantage at Wadhwani Foundation, said, “Through this program, we
aim to empower the owners, top management, the key functional heads in learning
to make sound business decisions using data, an important capability to succeed
and sustain. Our deeply engaged, passionate consultants will help the
entrepreneurs and functional heads to use this industrial-strength tool for
their benefit to maximize their own performance and together help their
organisation become a challenger or leader in their industry. This is our core
offering, backed up by 300 human years of practical field experience,
rigorously tested algorithms and automated insights and deep realization that
small businesses need to use data to make decisions to survive and grow.”
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