TC Project
Summary Description
Altimed is a privately owned joint stock company in Belarus and it is the leading designer and manufacturer of medical products – hip joint endoprostheses and devices for osteosynthesis. The CEI has been called upon to support the company’s transition towards access to European and international markets. Assistance is particularly needed in adapting the company’s management structure to the challenges of the European standards of competition, restructuring different areas of the organisation (marketing and sales, distribution, logistics, product standards), adopting international accounting standards, and improving investment planning. More specifically, the TAM Team, with support from the CEI, will design and implement adequate guidelines for marketing and sales, distribution, logistics, product standards, and organisation structure to face the European market. While creating linkages with external markets, the team will identify partners in Europe for the present business and for new business directions, and improve Altimed’s corporate finance by helping its staff adopt international accounting standards and instruments for planning investments to place the company in the new markets. TAM/BAS Programme The European Bank for Reconstruction and Development (EBRD) TurnAround Management (TAM) and Business Advisory Services (BAS) Programmes are complementary programmes to help private enterprises to adapt to the demands of a market economy. They work directly with individual micro, small and medium-sized enterprises (MSMEs), providing specific advice through a multi-level approach. BAS support is largely concentrated on micro and small-sized enterprises (with between 10 and 250 staff) in order to finalise short-term projects with exactly defined objectives while developing a sustainable infrastructure for business advisory services in the countries of operation. TAM has been designed for small and medium-sized enterprises (SMEs) (with between 200 and 1,500 staff) and is aimed at reorganising management structures, through advice from senior managers with extensive experience in market economies.TAM Programme
The objective of the TurnAround Management Programme is to support economic reform and transition to a market economy by providing support to SMEs. The Programme helps companies develop new business skills at the senior management level in order to be competitive in a market economy. For this purpose, TAM offers industry specific management expertise through the advisory services of experienced former Chief Executive Officers (CEOs) and directors. These advisers transfer management and technical know-how to enterprises, referring to the principles of responsibility in corporate governance and sharing experience with CEOs and senior managers of local companies. TAM has developed strong, self-reliant management in its partner enterprises. The skilled, dynamic managers that emerge from the Programme can also contribute to the revitalization of their sectors and even bring about industry restructuring from within. TAM advice develops management skills, helps business planning, restructuring, improving products, reducing operating costs, and developing local and export markets. TAM is managed on a not-for profit basis and utilises multiple donor funds to support the projects.Countries of operation
BELARUS
TC Sector
SME support
Commitment stage name
Closed
Euro committed
59,399