Business Environment in the Making
Business Environment in the Making
Corporate advisory services are essential to ensure that a corporate firm is running at its maximum potential through effective management of its financial and other resources. They also revitalize old-line businesses or units in need of help and aids existing units in locating areas/activities that will grow and diversify. In general merchant Bankers offer these services. The corporate advisory services represent an essential part of the portfolio of services offered by merchant bankers. Corporate advisory services for businesses, comprise the following types of services: * Provide guidance in areas of diversification based on the government's economic and licensing policies. * Appraising product lines and analysing their growth and their profitability. * Predicting trends for the future, and reviving Asesoria fiscal contable palma mallorca line companies and sickly units by appraising their technology and processes and reorganizing the base of capital. The initiative to assist ailing industrial units is a well-thought out solution by the merchant bankers which remained unattended for many years. Now the merchant banks in India have noticed this gap and began helping ailing companies to overcome their issues. For instance, Punjab National Bank has developed special expertise in this area and contemplates to offer help to this tense area in any of the following ways: (i) commissioning of diagnostic studies, (ii) analysis of potential revival opportunities and the development of rehabilitation strategies, schemes of diversification and modernization, redesigning of the financial and organizational structure, (iii) organizing approval of banks or financial institutions to approve plans of rehabilitation that include financial relief. assistance in getting soft loans from financial institutions to finance capital expenditure and the required credit facilities from the bank, (iv) monitoring rehabilitation plans, and (v) exploring possibilities of takeover of sick units and assistance in making consequential arrangement and negotiations with financial institutions/banks and other interests/authorities involved. The advisory services for corporate clients as stated above are not all the services rendered by merchant banks to the corporate world. In fact there cannot be any definitive list of these services. As new issues arise, there would be a need for a brand new kind of corporate counsel, which could solve these issues. Some merchant banks would be willing to take on the challenge and gear up their activities for providing the needed corporate advice. This will lead to the rise of new corporate advisory services. So it is true that when stated that merchant banks are "merchant banks are the institutions which identify and solve corporate problems". Alongside the advisory services to corporations described above, the merchant information banks might offer the following services for the business world: a) Assistance in Making Management Decisions. B) Export HRD and Staff Placement. c) Financial Reengineering. D) entrepreneurial Training and Development. e) Technical Assistance (f) (f) Quality Control & Product Mix. G) Market Survey and Research. H) Tax Planning

Leave a Reply

Your email address will not be published.