TC Project
Summary Description: In 2004 the CEI approved a TAM project for Macedonia with Tikves winery. Tikves Winery is the biggest producer of wines in Macedonia and according to the production capacity and quantity of produced wine, one of the four biggest producers of wine in the world. Since 1985, Tikves had not had any investments to improve its production, but the new management of the company wanted to improve the quality of the wine, change the design of the bottles and introduce new wines. In order to achieve its goals, the company needed additional investment for the modernisation and rebranding of the winery. Main achievements The TAM team set different objectives in order to improve the performance of the factory. It assisted management with commercialisation of new equipment, adequate development of operational management practices, introduction of improved training programmes, and general support to the company. These activities have influenced the supply chain management processes in order to make them more efficient and effective. With the new equipment, Tikves is achieving better quality and it plans to increase its market presence. In fact, the company has also developed new designs of the bottles, new labels and a new marketing strategy for the Serbian and Croatian 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
MACEDONIA
TC Sector
SME Support
Commitment stage name
Closed
Euro committed
8,040