In the past companies in Vietnam benefited from a period of exceptional growth and access to relatively cheap funding as the real estate and stock markets soared – this brought about rapid, easy growth and high profitability. Companies took advantage to invest in a broad and varied range of opportunities to grow profits and revenues, with little need to consider strategy, structure or processes. Now that the market has slowed down, the same companies are being faced with a stark and difficult aftermath – a melting pot of disparate investments, high operating costs, inefficient operations, duplication and disorganisation and leaders struggling to manage a diverse, unrelated portfolio of struggling business lines.
This is the time therefore to quickly re-assess and implement a coherent strategy, structure and processes and the human resources to support such changes. This is about getting the business under control and back on the right track to achieve sustainable growth and success. But how and where to start?
Business re-structuring will bring a range of benefits to your company and people, such as: