Revoluonary CEOs To Watch in 2023

Describe in detail the values and the work culture that drives your organization.

At Sharda Group, we focus a lot on work culture ethics as we strongly believe that employees play a major role in the organization's growth, just mentioning a few of our values and work culture.

Trust and Integrity: - Integrity at work is about more than honesty and respect. As our organization has a true culture of integrity, and our employees take their commitments seriously, are proactive when they don't understand their responsibilities, and ultimately, are accountable for their results. As a result, the business succeeds.

Vision Statement: - Our Company's vision and values are not only for the senior leaders but for all the employees. One primary reason some employers struggle with creating a good culture is that they never talk about their vision and values with all the employees.

At Sharda Group, the "vision statement" is positioned on a sign board; however, our vision and values are not just displayed but also spoken and discussed. When our employees start discussing, that's when they start living with the vision and values, and we start seeing our employees bring in the best efforts for the organization.

Innovation : - Innovation and new ideas are completely upheld and encouraged across all verticals in our organization. Employees work on an approach to pursuing resolutions to challenges and finding new projections.

If we observe minutely, organizations flourish by implementing this type of culture and involving all the employees in the innovation process rather than just the R & D departments or board members. Productivity and employee well-being are always enhanced. If your business culture is positive, you should be able to measure a few results, such as:

Rewards and Recognition

Reward and recognition can range from praising an employee for resolving an angry customer's query to innovating a solution in the construction field. Often, appreciation is sent to the owner or some other senior leader, but at Sharda Groups, we make it a point to pass the appreciation on to the workers. This reinforces their efforts and conduct, which make a positive difference with the customers who are paying for our success. Finally, R&R contributes to our organisation's success.

These workforce values and culture also have other indirect benefits on our organization that we might not observe like, Absenteeism and late-arrivals are lower, Customer and employee complaints are lower, Customer and employee retention are higher and majorly profitable, and on-time-completion are higher.

We also have a compiled and comprehensive set of facts, rules, and requirements, making the process of buying a property easier for our ever-growing NRI customer base.

Undeniably, technology is playing a significant role in almost every sector. How are you leveraging technological advancements to make your solutions resourceful?

Indeed, technology is playing a pivotal role in almost every sector, so the construction business is also a part of it. Leveraging technology in businesses saves a lot of time so that SMBs can focus on other essential areas to grow their business. Innovation in the modern-day world is directly or indirectly related to technology, and SMBs can survive in the market with innovation.

AI in construction has the potential to help players realize value throughout project life cycles, including design, bidding, and financing; procurement and construction; operations and asset management; and business model transformation. AI in construction helps the industry, as a whole, overcome some of its toughest challenges, including safety concerns, labor shortages, and cost and schedule overruns.

AI has turned out to be an essential part of our lives in some way or another; mentioning below some points which are a part of the business: -

Ÿ Costing and Budgeting of a Project

Ÿ Project planning

Ÿ Data Source

Ÿ Training

Ÿ Building Information Modeling (BIM) and designing software

Ÿ 3D Printing

Ÿ Productivity and risk reduction

Ÿ Drones and Robots

Ÿ Post-constructive Management

Technology helps increase the efficiency of systems, products, and services. It helps in tracking and streaming the processes, maintaining data flow, and managing contacts and employee records. In fact, this increased efficiency in operation helps reduce costs as well as enables the business to grow rapidly.

What, according to you, could be the next significant change in your sector? How is your company preparing to be a part of that change?

We are already witnessing a hugely significant change in the construction and Development Industry, however in my opinion, below are the pointers which are going to majorly take over the industry: -

Ÿ Digital collaboration software is going to shrink the distance even if it's going to be miles apart, which will permit teams to stay connected despite the remoteness.

Ÿ 3D printing is one of the greatest technological advances and innovations of the 21st century. The use of 3D construction printing has been growing rapidly in the last five years, not only in terms of buildings made but also with respect to the type of building or structure being made. 3D printing has the advantage of faster access to tools and equipment.

Ÿ Robots and machines that can work on repetitive and menial tasks.

Ÿ Droves are mainly used in the construction industry for surveying and inspection purposes. Drones are equipped with downward-facing sensors, such as RGB, multispectral, thermal, or LIDAR, and they can capture a great deal of aerial data in a short time.

Where do you envision yourself to be in the long run, and what are your future goals for Sharda Group of Companies?

My goals for Sharda Group of Companies will always remain the same, present or future; I will always want to ensure that my Clients and Employees are satisfied.

What would be your advice to budding entrepreneurs who aspire to venture into the construction and development sector?

My advice to budding enterprisers who want to venture into the construction and development sector is as follows: -

Ÿ Take Risk: Many aspiring entrepreneurs have put in a lot of time and effort researching their great idea, but they are terrified of going into business. My advice to them is to take the risk and go for the leap towards executing the idea. The idea will just die if the risk is not taken.

Ÿ The aspirants need to prepare a proper Business Plan: This section should contain details of things such as the goals and target audience. Detailed information about the products and services that will be offered to the customers. It is also important to write the SWOT Analysis in the Business Plan as it will help in building the business because it's important to know our Strengths and Weaknesses.

Ÿ Need to fixate on a good cash flow: As the business starts scaling, it will be very important to focus on your gross margin for each individual project. The success of the projects will depend on it. The most important way to measure the cash flow is by understanding a work-in-progress (WIP) report. It is vital that the bookkeeper maintains this report. A WIP report depicts the active projects executing the funds that have been debited versus the funds that have been credited, which will result in the gross profit margin. This will indicate the health of any company's cash flow.

Ÿ Be Resourceful: - In every Industry it is stated that, Time is Money. In Our industry, time is money. Hence, young entrepreneurs must learn how to use all available resources and enhance their cash flow.

Ÿ Always be ready to accept changes: - When people get into a comfort zone in their personal life or any business, they don't like change. However, this is not the right mindset, and it impedes accepting changes, as accepting changes can open the horizon of opportunity.