Some of Frequently Asked Questions

Q. What is Business Management??

“Business Management is Change Management”

If sales need to be increased, that’s change management. If a merger needs to be implemented, that’s change management. If a new personnel policy needs to be carried out, that’s change management. If the erosion of a market requires a new business model, that’s change management. Costs reduced? Productivity improved? New products developed? Change management.

The job of management always involves defining what changes need to be made and seeing that those changes take place. Even when the overall aim is stability, often there are still change goals: to reduce variability, cut costs, reduce the time required, or reduce turnover, for example. Once every job in a company is defined in terms of the changes to be made (both large and small), constant improvement can become the routine. Each innovation brings lessons that inform ongoing operations. The organization becomes a perpetual motion machine. Change never occurs as some sort of happening; it is part of everyday life.

Q. Were there any constraints you faced while starting with the company?

Duchange ABC was incorporated in September 2020. Considering the pandemic challenge, however, with the confidence in its leadership and a good replication from young entrepreneurs to seek support and positively from the day of its inception, we acceded to fortify four organizations on a priority.

Q. What services do you provide to the customers?

We provide a wide range of services to our customers.

Organization health checkup with SWOT analysis, Priority for zero defects in processes and products, Benchmark to world class, Develop task force with clear action plan, Periodic coaching and mentoring, Design Thinking, Continual Improvements, Strategic Planning, Motivational Approach, IMS, Sourcing Support, Project Support, Business Analysis, Procurement Special Program, IT & IoT Solutions, Change Management Approach, Cultural Change, Developing Best Workplace.

Q. The most challenging engineering project that you have been involved with during the past year?

Last year's most challenging task is kickstarting our operations of mentoring organizations. If it was not for COVID-19, we could start in May 2020. All organizations with government permissions and new safety rules with strict awareness and implementation.

Ensured and handled survival turnovers and credit challenges very committed, which further helped us to reach new normal.

The Second wave also able to reach more than 60% of normal turnovers with employees courageous teamwork

Q. What do you think are the most important skills for a mechanical engineer to possess?

According to me these are the 10 important skills required for a mechanical engineer
1. Technical knowledge
2. Communication
3. Interpersonal
4. Critical reasoning
5. Creativity
6. Innovation
7. Attention to details
8. Enthusiasm
9. Leadership
10. Resilience

Q. How digitization will change the world and what are its advantages (for the engineering world)?

One of the main advantages promised by digitalization is that digital capture, processing, and exchange technologies which will provide expeditious access to comprehensive data. As a direct consequence of the now good to excellent availability of CAD component data, the genuine project work in 3D engineering takes less time. With staff able to coordinate efficiently and at short notice in web conferences, digitalization in mechanical engineering expedites project work, often for several projects at once. Such advantages provide prime examples of the excellent impact digitalization has on engineering, categorically with requisites profiles for engineers’ work transmuting and concrete soft skills gaining in consequentiality.

Q. What processes have you helped develop or singularly created that enhanced engineering performance capabilities?

1. Identify tier base engineering transactions
2. Set KPI’s & monitoring
3. Reduce no of transactions
4. Test & Analyze
5. Ensure Reproducibility & Results
6. Ramp up load time to time
7. Visual Controls
8. KPI trends and new benchmarks
9. IoT & manufacturing & customer connectivity and machine & man connectivity
10. Continual improvements

Q. How the collaboration with Financial Institutions and Enterprises will fuel the growth of DuChange ABC Pvt Ltd.?

In recent years, "new markets," for stocks of young and growing companies, have become a growing market segment in the Indian Market. Equity financing is particularly advantageous for these companies and their investors, given the uncertainties of the economic return. As the term "shares" suggests, with equity financing, you get your share of the outcome, whether positive or negative. On the other hand, banks may be reluctant to provide loans due to the risk profile of these firms and the greater exposure to a negative result in a loan contract. The banking sector also has an essential role in allocating funds to the most profitable investment opportunities. Banks are financial intermediaries that by nature add cost to the allocation of capital. Thus in order for banks to survive in a market economy, they need to provide added benefits. It is difficult to compete with the debt securities market if a bank loan is of a size where the fixed costs of accessing debt markets become negligible.

Q. What is your strategy to reach new enterprises and new customers?

5. Developing Business Partnerships

Q. What are your upcoming projects?

In the first phase, we support four customers, which approximately constitutes 500 employees. In the second phase, we will be supporting another four organizations. Our goal for this FY is to support 10 organizations to start journey to transform to triple turnovers.