International Business Value Institute
The Context of the Institute:
Over the past decade, businesses across the globe have seen drastic changes in operations and over-all performance. These changes have taken place in all aspects of business: technology, manufacturing, sales, marketing, financing, etc. resulting in many innovative products. Developments in the Internet, along with the advancement of social media marketing and its usage, have thrown open the competition, eased the Customer access and changed market penetration. All effecting business value.
Despite these dramatic changes, business management strategies have seen very little change. Our global team has found that, in most countries, the shop floor and markets have not seen any or little changes in day-to-day management practices. Additionally, MBA curricula have largely remained unchanged and are biased towards bigger units. For example; in a country like India which is one of the fastest growing economies, more than 60% of the industries are SME’s. The definition of an SME: A small or medium-sized enterprise, or SME, as defined by the European Commission is a business or company: that has fewer than 250 employees. An SME requires very different type of management practices than BIG Multi-National Corporations (MLC’s).
With fast changing environments and circumstances and none to little University level education of the SME’s, this requires tailoring education to small- and mid-size business practices. At the Institute we use innovative 360 degree teaching methods and curricula that enhances small- and mid-size business practices for better preparation for real world challenges than what is offered today in research labs, online classes, and higher education. So, innovation is rippled in thinking and in management of small- and mid-size businesses to shop floors, or even looking at different product lines and business value.
David Whipple (USA) and his global team have been helping small businesses succeed for over 20 years. They have found that, in today’s radically changing business environment, one of the most important indicators of business success is a holistic view of the organization. This 360-degree perspective, called a Business Value Development approach, is explained in the STS Business Equity System. Most business owners and experienced managers take an internal view of their organization in a piece-meal approach. The Institute’s 360-degree perspective encourages organizations, including SMEs, to take a holistic view without internal bias, much like a potential buyer or investor. The Institute presents real-world examples along with principles, laws, and processes in an online setting to business owners and managers. Mr. Whipple and his team have created a unique 360 degree style of teaching in which the goals and objectives of organizations are focused on “real problems” while building business value as well as customer service and sales— taking businesses to the next step on the path of success.
The team has decided to form a Global Institute to spread these concepts of business value to benefit small- and mid-size businesses. Dr. Rajendra Deshpande from India , along with Aynn Daniels, are the founding members of the Governing Council of this Institute.