Constantinus International Award 2021: Khan Bank Business Support Center client received this year’s Gold Medal

Society
Khaliunblr27@gmail.com
2021-11-04 14:05:04

Ulaanbaatar /MONTSAME/.   Every year, the International Council of Management Consulting Institutes (ICMCI) recognizes the world’s best consulting projects through the Constantinus International Award for management consulting and IT. In 2021, the ICMI’s international jury selected a Mongolian project implemented by a Khan Bank Small and Medium-sized Enterprise (SME) Business Support Center client  to receive the Gold Medal. Both silver medals went to projects from Ireland and Canada.

The winning project, Creating Strategic Planning Capability: “Best” at Sain International, was jointly implemented by the Mongolian Institute of Management Consultants (MIMC) and Khan Bank's Business Support Center. The project not only improved the company's overall performance, but also involved developing a new management style and market opportunities.

With the help of MIMC and Khan Bank’s consulting services, Sain International LLC established a new style of management throughout the organization. As emphasized by the international jury, this created a future-oriented company capable of exploiting market opportunities successfully and leaving behind the competition. The jury particularly praised the introduction of a new business model within a traditional company, and highlighted the things that can be achieved through professional management consulting.

“To fully support SMEs, it is not enough to provide only loan products. It is important for entrepreneurs and managers to learn and improve their basic business skills, such as managing their business professionally, defining strategies, and being financially disciplined. For this reason, over the past 15 years,  Khan Bank has continuously supported Mongolia’s SMEs, which have a major impact on the country's economy, by providing tailored loan products, comprehensive financial services, training, and consulting services through its Business Support Center. In the last four years, we have been paying special attention to this area and supporting it at an advanced level.

“As far as the Constantinus award-winning Building Strategic Planning Capacity: ‘Best’ at Sain International project, Khan Bank's Business Support Center worked with 30 experts in management consulting services on new approaches and concepts. Within the framework of the project, Sain International LLC consistently implemented the recommendations of professional consultants, which has paid off. At the same time, the organization's vision is to invest in continuous development, learning, and capacity building, and to understand the value and nature of consulting services at the management level,” said M.Bilguun, manager of the Khan Bank Business Support Center.

Earlier in October, Global Finance Magazine, which recognizes the world’s best banks and financial institutions, presented the Best SME Bank Awards for the first time this year and Khan Bank was named the Best SME Bank in Mongolia.