Business Planning Workshop 2022 was the annual strategic planning activity at Interloop Limited organized from Jun 8-10, 2021 at the Executive Club. Led by the Top Management of the company, the Senior Management representing Hosiery, Yarns, Denim, Knitwear, and Seamless Activewear businesses gathered for focused Business Review, Analysis of Issues, Appraisals of Goals and Presentations of Plans and Projects for 2022 for approval.
Saira Khan, Sr. General Manager Strategic HR (SHR) welcomed the delegates, spoke about the objective of the conference, steps involved in the visioning & strategy process and the agenda for the three days event. Paul Keijzer, CEO & Managing Partner at Engage Consulting facilitated the conference participants in understanding and aligning the business targets developed for Vision 2025 through various ice breaker activities throughout the conference days.
Navid Fazil, CEO Interloop Limited presented detailed financial highlights, operational performance and sales results of Interloop Limited for 2020-21. He also walked the audience through the Vision 2025 crafting process held in Turkey which included the Key Themes, Vision 2025 Aspiration and Strategic Thrusts. Participants were then divided into 6 break out groups to share their thoughts about the new Vision, the risks & challenges involved to achieve the Vision, proposals to mitigate these challenges and the ways to communicate to the stakeholders. After the delicious lunch break, all 5 business group heads presented operational and sales achievements for 2021, and also gave details on future business plans. The day ended with Paul prepping the teams for the next day.
After recitation from the Holy Quran on the 2nd day, the consultant recapped the previous day’s feedback and talked about the day’s agenda. The first half of the day had presentations on Vision 2025 Objectives from the Leaders of 5 Strategic Thrusts (ST); Lean, Sustainability, Value Added Services, Digital and People. After the presentations, Paul identified break out groups according to the thrusts with relevant stakeholders from each Business Unit. In break-out groups, ST owners shared FY’22 targets and activities and discussed challenges & ways to address these to implement the ST in each business. The delightful lunch was followed by Each Business Head (BH) sharing FY’22 targets within their groups. Business Head’s also discussed and finalized 2021/22 Targets and Actions and formed Business Balance Scorecards for presenting the next day. The final day comprised presentations by the Business teams on their balance score cards and 2021/22 broad action plans to the group. This was followed by closing note from Chairman Musadaq Zulqarnain. Chairman appreciated the ambitious targets set by the Business Units and the commendable work being done by the Interloop team. He emphasized that Vision 2025 will create multiple growth opportunities for the people across diversified set of roles, ensuring career growth and development while working on developing required capabilities to deliver business growth by attracting, retaining and developing the talent on competencies required for the future.
