Answer to Question #323560 in Management for Tans

Question

What are some immediate challenges that Bikanervala is facing at thisstage? Do you think Bikanervala

needs to professionalize its business in order to meet these challenges? Why do you think Kedarnath

Agarwal is concerned about the importance of professionalization now?

Answer 1

Yes! Bikanervala should emulate the structures, governance, systems, and processes of a modern corporation in order to mitigate business challenges. I believe that Kedarnath Agarwal understands that dedication, integrity and responsibility are elements of professionalism that make a person successful in her field. By taking ownership of their roles and duties, professionals make names for themselves and usually find promotion, opportunities and repeat business come easily to them.