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While integrating other services related to the main business, there’s a better way to do it as successful as the main one

Business diversification

While expanding capacity of a successful business is the natural step forward, sometimes integrating other services related to the main business may be as tempting as to add more branches around the globe. However, this effort may result a more challenging task to be successfully completed. As the new business entrepreneur may hind one or two tricks to be learned with time. If the organization plays the long run, then, there is not issue by waiting for the new organization to mature its expertise.

In the other hand, if diversification is part of a more elaborated expansion plan, that secures the evolution of the main business to respond to the always changing market conditions. Therefore there’s not time to waste. Taking the advice from an expert may be the solution that will stretch the learning  curve and reduce a costly learning process.

Such as the case of a Oil & Gas pup joints manufacturing facility, which historical expertise and market niche was the premium threading, a market “willing” to pay US$ 400.00 per hour, obligated by licensing. In a tumultuous market downturn environment, where the licensors reserved their permissions for internal utilization only, this recently born operation was in need of diversification.

While on first sight, machining to print, might be the direct path to be followed, this market was by far, away from the original perceptions calculated, because was paying US$ 18.00 per hour.

IC&C Industrial consultancy process allowed to identify strengths and opportunities, which resulted in a new configuration for production, creating a new niche for the troubled operation. The strategy covered the development of new tools, minimum expenditure in modifications and high tech tools.

A new effort to capture that specific type of work that was without competition just seat there waiting to be taken.

Managerial group and personnel was inducted and trained to enter this new type of work, operational procedures were modified to cover the new requirements. Process and finish infrastructure, once dedicated for internal process, was re-evaluated and offered as finish good process and services. Capturing another niche market that was once unattended.

Such was the results of the new strategy, that the company dedicated their global efforts to attend these new business niche. Acquiring and merging with new companies to increase the portfolio of products and services offered by the organization.

For more details about this project or other projects, questions or inquiries for an specific requirement, please send us a message at sales@iccindustrial.com. One of our executives will be more than happy to assist you.

Expertise that counts the most

IC&C Industrial blends the expertise and experience of employees, skilled personnel from strategic partners, subcontractors and suppliers, with whom we have well established relationships, to cover all phases of a plant’s startup.

We have a long track record of enabling our customers to realize some of the world’s most demanding and amazing projects. In doing so, we strive to add value to our customers and shareholders, as well as to the nations and local societies in which we operate.

Together, we work to expand markets and production capabilities with every Country we operate. In doing so, we collaborate to a more educated, more sustainable world.