Case StudyHere's the new strategy, now change your business
What would you do if one of the Big Three consulting firms hands you a new business strategy, and you don’t have the resources or direction required to bring it to life?
+$550MM global division of a Fortune 500 consumer brands corporation needed help designing and executing a strategy targeted at achieving their future growth objective of $1B revenue.
“We have to change everything, but don’t break the business!”
One of the Big Three consulting firms designed a new parent company business strategy which was handed down to each division for their adaptation and implementation. The company enjoyed a highly respected trusted-brand status in the marketplace which was well deserved, marked by the highest ratings in quality and reliability. With both the CFO and CEO being relatively new to the business, the current state of this global division included loosely defined business units lacking geographic consistency, fragmented global market focus, siloed R&D with lack of end user focus as a draw to customer differentiation, and disparate operational structures.
Solutions included creation of processes, tools, and communication materials (a) required to secure senior leadership alignment around the need for change, and (b) required for implementing the strategy itself.
Key elements included; organizational structure design; new definition of leadership expectations; talent identification and alignment; change management and communication tools and processes around achieving growth; business improvement and organizational culture objectives.
In addition, created tools enabling new leaders in new roles to get an understanding of potential future talent gaps and needs.
“A great business leader, Bill keeps the desired business outcomes the focal point of the project. He was able to create order for our organizational changes cross functionally, and bring our new strategy implementation together.”
Jeffrey Docalavich, Chief Financial Officer, The Master Lock Company
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