Altron working on new turnaround strategy | Fin24
 
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Altron working on new turnaround strategy

May 14 2017 06:46
Justin Brown

Altron was working on a new strategy as part of its turnaround that was likely to be completed in June and presented to the company’s board in July, Altron CEO Mteto Nyati said this week.

Nyati, who joined the company on April 3, said that Altron’s intellectual property as well as research and development interests needed to be focused on fewer things to make the “biggest impact”.

Altron would like to boost its interests in cybersecurity; healthcare, especially in the public sector; financial inclusions; skills development; mobile applications; advanced analytics; and managed services, he added.

As part of the review, Nyati said he would like to see the head office more involved on the operational front and Altron’s sales force selling products across the group rather than being stuck in silos.

With plans to expand geographically, Nyati said he would like the group to establish a standard model that it could roll out irrespective of the country it is in.

Nyati said he would like to see the company’s incentive model changed too and that Altron would be looking to acquisitions to fill gaps in its portfolio. 

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