Situation
Our client was a family-owned and -operated business with forward-looking, growth-related concerns and a lack of a strategic plan. The organization was also being confronted by outside financial pressures.
Challenges
The main challenges we faced on this project included:
- Effectively organizing the many divisions and departments that the client had acquired and expanded into over the years
- Educating the participating members on strategic planning
Actions
To address these challenges, our consultants:
- Trained and educated the team on effective management and strategic planning
- Conducted a strategy conclave with executives onto issues previously not considered, such as a growth strategy versus retrenchment of the business
- Provided advice in dealing with the many divisions within the company for maximum effectiveness and cost-benefit
Results
At the conclusion of the project all the key success factors had been achieved, and the client was highly satisfied with the project deliverables and the value added by Schroeder & Schroeder Inc. Our actions resulted in:
- Sale of selected divisions of the business, making the existing business more profitable and streamlined
- Executives educated in strategic planning
- Implementation of a forward-looking strategy with the overall result being a smaller, yet more profitable company for the client