Year 2008 was another consecutive year of dynamic growth which shows that organization is able to meet objectives. In 2008, RRC Group accomplished the objectives it had envisioned. Strengthened its position within familiar market segments, and acquired new opportunities to pursue promising markets and business areas.
RRC Group executed a number of new agreements with world’s leading manufacturers of high technology equipment, adjusted the strategy of one of the group’s companies, and began to pursue export markets which enabled the company to expand its international operations onto new European territories.
Using IT technologies, RRC Group accomplishes definite strategic objectives. For instance, advanced e-Commerce applications enable RRC Group to actively develop its relations with partners operating within the SMB segment because they require a flexible and operative solution to work with suppliers that meets modern standards and market realities.
When the financial crisis struck across the world, clients started cutting down on both discretionary and planned budgets. Everybody felt the impact. IT companies entered the world of drastically reduced budgets by clients, weak order books and weaker deal pipelines.
RRC company turned crisis into opportunity:
- RRC decided to review its cost structure and business model during the slump;
- RRC is looking for new markets, verticals and domain knowledge to overcome the crisis-induced difficulties in order to acquire additional business;
- RRC is attempting to move up the value chain by offering consultancy and technical services, to generate intellectual property;
- RRC is also becoming more flexible in working with clients: we understand customer expectations, which includes forecasting ability, readiness of inventory, flexibility and responsiveness to meet the changing needs of customers and suppliers.
- RRC has a chance to examine and readjust product portfolio and the quality of management;
- RRC will continue its drive to increase market share, push profitable growth and focus on operational excellence by minimizing costs to remain competitive.