Consulting area “Management and control of the foreign branch”

In this area Farnetani Consulting’s advice is addressed to companies located abroad and controlled by Italian companies.
Having a company abroad often involves management and control difficulties due to the presence of linguistic and cultural barriers, the need for frequent trips, the lack of on-site skills.
By providing trusted professionals of the Italian ownership, Farnetani Consulting is able to assist the entrepreneur in the management of the foreign company, in its interactions with the parent company, in the training of personnel, in the creation of procedures of control of local administrators. The activity may concern subsidiaries or affiliates, branches, or strategic suppliers to whom assistance is intended.

– Evaluation of the project of the new foreign branch
Project assistance in its realization
On-site verification of its feasibility and operating methods
– On-site assistance to management, Italian or local, during the activities of the foreign branch
Verification of directional and management methods
Assistance in directional and operational choices
– Strategic coordination between the activities of the foreign branch and the Italian parent company
Monitoring of the strategy of the foreign branch and its coordination with that of the parent company
Continuous management control of the foreign branch and reporting to the parent company
– Operational coordination between the activities of the foreign branch and the Italian parent company
Creation of connection tools to cancel the spatial distance between Italian and foreign branches
Actions aimed at amalgamating, where necessary, the different cultures in the various locations
– Assistance during changes in the management of the foreign branch
Guidance in the processes of transition between different directors or managers
Temporary support for newly appointed managers
– Foreign orders and construction sites
Direction in terms of project management of major projects or foreign construction sites
Optimization of the management of orders or foreign construction sites
– Human resources of the foreign branch
Verification of the level of training of individuals and of the structure as a whole
Planning of training actions aimed at covering the identified gaps
– Commercial activity of the foreign branch
Organization of the commercial structure
Assistance in the selection of sales and distribution channels
– Sales activity of the foreign branch
Training and coaching of sales staff
Creation of monitoring systems for sales activities for use by the Italian parent company
– Administration and finance of the foreign branch
Creation of periodic reports for the Italian parent company
Optimization, forecasting and monitoring of cash flows
– Management control of the foreign branch
Setting up of industrial and analytical accounting systems
Creation of forecast budget systems and subsequent control of the same