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L. Clensy Appavoo

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A new paradigm of competitive advantage

The pandemic has changed the paradigm of Competitive Advantage. Operational agility, lean supply chains, deep understanding of customer demand, a high level of remote and digital readiness are now the key factors of success. More than a re-branding exercise, Appavoo Group becomes HLB MAURITIUS to re-invent business with a real paradigm shift and to serve clients better.

Applying the ‘Rule of 5’ for a modern business approach

As a member of HLB, the Global Accounting and Business Advisory Network, HLB Mauritius will be the Network’s Desk for Africa and it will drive business in this part of the world. We realise that post-pandemic challenges go beyond economic uncertainty and recovery.

Our Group has put in place and it continues to instigate clients to follow the same path in applying the ‘Rule of 5’ which is the Five Foundations to drive business successfully in the new ‘normal’:

  • Digital Acceleration: CEOs must adopt a holistic approach to build a digital enterprise. The digitalisation of operations is no longer a choice but a ‘must’ for survival and growth.
  • Workforce transformation: Business enterprises must adopt the lean model which allows up and downsizing of teams to deliver goods and services on a timely basis. Work from home, access to data from anywhere and new work protocols based on workforce efficiency measured by productivity gains should form an integral part of business culture.
  • Consumer Acumen: Business strengthening essentially goes through consumer acumen. B2C is on the decline and businesses need to make sure products & services, sales channels, customer service and brand messages meet the new demands of their markets.
  • Cost Management: The pandemic has shed light on ‘cash control’ and ‘management’ as the keys for survival. Cash is ‘KING’ more than ever before. Business leaders need to centralise ‘Cash’ and optimise operational efficiency and productivity by constantly controlling costs.
  • Supply chain re-invention: Smart use of technology such as AI and Blockchain can make inventory checks more efficiently and the Japanese philosophy of ‘Just In Time’ (JIT) buying has become the order of the day.

A Matrix Organisation with Nine Clusters of service

HLB Mauritius has adopted the ‘Matrix Organisation’ strategy to drive its service offerings through Nine Service Clusters. The ‘Vertical Hierarchy’ has done its time and is no longer relevant and reliable. Matrix favours a horizontal line, a project-based approach which brings diverse expertise (both internal and external) on one single line of service.

TOGETHER WE MAKE IT HAPPEN

Download HLB Mauritius Brand Advert and CEO’s article

L. Clensy Appavoo

Chief Executive Officer & Senior Partner

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An insight in Voluntary Administration

by Kaminee Busawah

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Backdrop to Voluntary Administration

Faced against unparalleled uncertainties caused by the COVID-19 pandemic which is affecting business at all levels, company directors may find it difficult to ascertain that they would most likely be able to continue operations or promote the success of the company for the benefit of its members as a whole. Breaks in supply chain, faltering demands resulting in sharp decline in revenue, cash flow issues, failure to comply with loan repayments are all factors that may unfortunately progressively result in a number of companies facing insolvency or near insolvency situations.

It should be noted that directors have a duty to act with care, skill and diligence while holding their office as directors. Directors must therefore be prudent and be sufficiently prepared to mitigate impending risk of financial difficulties while preventing the risk of been exposed to personal claims.

Download Voluntary Administration Brochure

Kaminee Busawah

Managing Director- Risk & Compliance

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Relationship between Employers and Employees

Following the COVID-19 Act 2020

by Kaminee Busawah

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It is no secret to anybody that, like any other country, Mauritius has been heavily impacted by the COVID-19 pandemic and its reverberations. The outbreak of the pandemic has disrupted our lives and livelihood at all levels causing an unprecedented halt to the global economy. All sectors including production, hospitality, trade and business in general have been paralyzed.

The sanitary curfew prevailing since the 20 of March 2020 was lifted on 31 May 2020 after which normal activity started in almost all sectors. However, with economic activity on hold for more than two months, resumption, faced to an unpredictable and muted economic recovery, appears very challenging. While most business are having great difficulty in navigating through the troubled aftermath of the pandemic, the most commonly asked question from our business associates is: ‘how do we deal simultaneously with re-inventing the business with a view to salvaging it while on the other hand preserving employment?’

HLB Mauritius, bearing in mind the quandaries of its stakeholders, wish to highlight, in simple words, the
implications of the Covid Act relative to employment and the new rules for industrial relations.

Download Relationship between employers and employees following the Covid-19 Act

Kaminee Busawah

Managing Director- Risk & Compliance

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