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Tuesday, April 23, 2024

Ruben Melikyan And His Solutions To Improve Business Performance and Get Better Results

Ruben Melikyan is the Founder of Rumels Management Solutions and a result-driven leader having more than 22 years of experience in his field. He helps businesses in diverse industries, including Retail, Fintech, Bank, and Production. Ruben Melikyan helps such industries to tackle the market and economic changes globally. He comes up with strategic solutions that help organizations grow and propel effectively.

He is known for his ability to exceed targets, surpass goals, develop new and innovative strategies, and implement the same. With the Rumels Management Solutions team, Ruben Melikyan offers management consulting services. The company provides solutions to clients regarding their financial, operational, and project management needs. Ruben Melikyan is a fellow member of ACCA and an Oxford University graduate (Executive MBA).

Let’s learn more about Ruben Melikyan and his journey in helping organizations through our interview with him below.

Explain the background of you and the company in detail.

Backed by a substantial career of more than 22 years within diverse industries and businesses (including banking, fintech, audit, FMGC, franchise businesses, etc.), I have demonstrated hands-on experience in delivering advanced business and financial solutions with expertise in General and Finance Management, Operational Excellence and Organizational Leadership.

Rumels Management Solutions LLC/FZE is a professional consulting company founded in 2013, which renders management consulting services in Armenia and GCC countries. The company can assist its clients with operational, financial, and project management needs. We have a client-centric approach to delivering customized business solutions that deliver lasting value to their businesses.

What do you feel is the biggest strength of yourself/company right now?

The professionalism of the team and the client-centric approach!

We learn about each firm’s internal operating systems by working closely with their principals and key employees. We can build a customized approach, develop creative solutions, give improvement recommendations, and provide assistance with or take full responsibility for implementing each activity through this process.

Why did you start (or want to be the head of) this company?

I saw the market gap and huge potential in supporting the organizations to achieve their goals.

Many organizations don’t have properly formulated strategies, strategic planning, budgeting, or even effective financial and management reporting. Theoretically, a company, product, or service can certainly survive without a strategy, but it will never thrive!

We are here to help the companies to increase the efficiency of their operations and improve their performance.

What makes you excited about Mondays?

A new week, with many new opportunities!

Tell us about a project that forced you to be innovative and creative.

Nowadays, technology is changing very fast. Thus, Rumels Management Solutions always offers its clients the latest and most efficient solutions!

What are your company’s strategies, and how do they stand unique from your competitors?

Our approach is client-centric, geared towards delivering customized business solutions that deliver lasting value to their businesses.

Based on a thorough and detailed understanding of business and objectives, we offer tailor-made modeling, strategy, and performance improvement recommendations within our business advisory solutions offering.

What key values helped you overcome the roadblocks/challenges in your career? Tell us something about your memorable incident in your leadership?

My leadership philosophy has many aspects, but the foundation is psychological safety. Right or wrong, I want to give the people around me, reporting to me and partnering with me, the ability to truly and honestly express their opinions without fearing any retribution or impact.

Leadership styles can be different based on culture, company, and industry. That’s why it’s normal to adjust the management style to meet the needs of the people around you.

During my previous positions, I employed mainly visionary and coaching leadership styles.

What services/solutions or products are offered by your company at par with the current industry standards? Tell us something about your upcoming products or services?

Major services rendered by Rumels Management Solutions are mentioned below (for a full list of rendered services, please visit our website)

  • Set up of financial and managerial reporting (including budgeting system)
  • Valuation of different investment projects
  • Financial Due Diligence (Buy-side and Sell-side)
  • Risk management and internal controls consulting
  • Business process reengineering
  • Prepare motivation/bonus schema for staff (including long-term incentive plan for top management)
  • Financial market analysis (the company publishes banking systems analysis on a quarterly basis).
 What are the challenges that the world economy faces?

There are many challenges and threats facing the world economy nowadays. Below are mentioned major 5 threats for the world economy in 2022!

  1. High inflation rates (including Producer price inflation)
  2. Risk of stagflation (high inflation rates and the economic growth rate slows, and unemployment remains steadily high)
  3. Supply chain bottlenecks
  4. Vaccine-resistant COVID variants
  5. Geopolitical tensions

Thus, we also advise and help our clients at this stage to hedge the major risks they are facing. Based on our analysis by June 2022, the probability and impact of the risks mentioned above will be easier to assess.

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