Finor Consulting provides expert advice and support with corporate development, corporate strategy planning, strategic management and strategy consulting.

• Planning: strategic thinking and strategic business planning identify where the new opportunities lie.
• Positioning: strategy consulting gives your company the insight to be perfectly placed to exploit each opportunity to its fullest.
• Process: putting in place a strategic management process ensures that our clients are is constantly primed to take advantage of events/conditions to their best advantage.

We want you to have more. The key to maximizing an organization’s potential is to have an appropriate business strategy- based on fundamentals such as mission, vision and values. Clear understanding of the current environment is vital, and needs to consider both internal elements within their control and external elements which they cannot control, including political environment, competition technology advancements and so on.

There are many aspects to financial management that go far beyond simply financial accounting. We bring to our clients in-depth analytical skills that incorporate all aspects of Finance, such as;

• management accounting,
• costing,
• pricing model development and evaluation,
• work in progress calculations,
• capital budgeting,
• financial valuation and so on.

We take numbers and make them a valuable strategic tool in validating your business objectives and investments.

Managing projects, particularly complex ones, requires a great deal of planning and thought. All projects follow the same basic principles which consist of the following:

• defining scope,
• setting the deliverables in the form of a work breakdown structure,
• scheduling,
• resourcing,
• designing the communications plan,
• financial planning, such as estimating costs, earned value methodologies, revenue recognition practices, cost monitoring,
• strategies for mitigating risk,
• tracking progress,
• managing scope and so on.

At Finor Consulting, our expertise in project management comes from years of experience in complex construction, information technology, and marketing projects. As the basis of our methodology, we use the Project Management Institute’s methodology as defined in their Project management body of knowledge. In this domain, we help our clients to define the elements of their projects, provide them with in-depth training or manage their projects to ensure that they are delivered on time, within scope, quality and budget.

Mergers and acquisitions can be very tricky and requires a considerable effort for the due diligence, looking mainly at three areas, notably financial, commercial, and legal. Other areas to consider include organizational culture, whether it is possible for the two organizational personalities (cultures) to integrate smoothly, how the employees will see the merger, and what will the integration plan be for the two organizations. Investigation can be quite costly, however, not carrying out due diligence investigations can be disastrous. Finor Consulting’s experts in legal, financial and commercial domain are more than qualified to cover all aspects of the due diligence for a successful merger or acquisition.

Human capital is an organization’s most precious and most vulnerable asset; therefore, it warrants a great deal of attention. Selection of the right people, their long term development and retaining them is paramount. In order to do this effectively, several things must be taken into account, which include:

• understanding of the staff members role,
• ensuring that they have the right qualifications, employees’ capacity to easily fit with the corporate culture,
• l investing in the employees skills and knowledge that they require to excel at their role, and
• effective motivation strategies in order to retain them long term
• Not to be neglected is a clear strategy regarding the legal labour framework which often dictates hiring and dismissal practices that must be followed or relations with trade unions etc.

An Organization’s human resources represent a significant investment, , and mishandling could result in problems that can permeate through organization and diminish its efficiency and effectiveness.

Organizations make many strategic decisions that deal with how they will operationally function which can be their biggest differentiator. This allows them to do things in innovative ways that can reduce operational costs, maximize output and improve quality. Organizations are all different in many ways, so their operational approach should be unique in some way. The operational models for service, manufacturing, construction, mining, transport, and necessarily need to be very different, as such there are many analytical tools that can be employed. Some include :

• supply chain management,
• distribution methods,
• process modelling,
• economic order quantity,
• linear programming,
• project management tools,
• linear regression modelling,
• quality systems and so on.

We can help you do your organization's diagnostic and find your strongest differentiators from competitors, check your cost effectiveness, eliminate unnecessary costs, inefficient processes, evaluate your supply chain and determine whether the current design fits your aspirations.

Sustainable development is long-term strategy for general improvement of accountability in Bosnia and Herzegovina, and should result in increased prosperity and well thought-out strategies for the use of the country's natural resources, and strengthen the state which will be better able to maintain the economy and build a responsible society. We work with our clients to identify the most relevant environmental, social and economic trends, and evaluate their application to the organization’s strategy and operations. We can help develop effective and credible reports that reflect our clients’ commitment to sustainability and every day business, both to their employees and external stakeholders including investors and business partners. We are Organizational Stakeholders of the Global Reporting Initiative, the world's most renowned institution for sustainability reporting framework. We can develop strategic response that will enhance your brand's position related to sustainability practices of your company. Through greater accountability and responsibility, we point the way for our client’s more sustainable profitability.