Business Strategy Solutions
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Growth management
Background - Private construction company reached its infrastructure capacity and wanted assistance to transition the company to the next step of growth and performance. The primary capacity limitations were management skills, facilities and management reporting.
Solution - Developed a growth management transition plan for the company to grow and improve profitability and cash flow. The plan included a management reorganization to improve talent utilization through realignment of duties, skills and accountability, and recommendations to expand management and operating skill sets. Plant and warehouse capacity were reconfigured and upgraded, and a new office prototype model for growth was created. The plan included steps to upgrade budgeting and management reporting and related evaluation processes for day-to-day operations and growth. The transition plan also included recommendations for a debt refinancing, technology redeployment and subsequent conversion, updating the accounting system and improved internal controls.
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Reorganization
Background - Mature plastics manufacturer with excess capacity, inefficient technology and unprofitable product lines wanted to redeploy the company resources to a proposed state with efficient use of resources and improved return on assets.
Solution - Developed a reorganization plan to improve resource utilization and return on invested dollars. Steps that improved capacity utilization included the sale and conversion of capacity, joint venturing manufacturing operations, restructuring labor shifts, and relocating certain operations closer to source of materials and end markets. Technology efficiencies were improved by redeploying existing technologies, and acquiring and implementing new technologies developed to meet the business needs. The management reports, business plan and budgets were updated and modified to improve decision making.
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Change management
Background - Health care system with an experienced management team that was with the company for many years, realized diminishing profit margins and cash flow.
Solution - Identified and prioritized the key operating and system weaknesses that had a significant negative affect on the current state and were the cause of the deteriorating profits and cash flow. Created remedial steps to correct the errors in the short term as systematic solutions were developed and implemented. Systematic solutions included a reorganization and merger of the corporate structure and management teams of the independent companies in the system, and integrated and upgraded accounting and internal control systems and financial reporting processes.