Our Approach to Success
For most engagements we start with a company analysis to develop a strategy that identifies:
- A clear vision for the future
- Gaps in the management team
- Internal communication issues
- Accounting issues
- Operational inefficiencies
- Marketplace changes
- Cash flow issues
- Bank issues
- Advisory Board/Governance issues
- Employee training, retention, and compensation
While each engagement is unique, and many may not require the same level of analysis, we typically apply a Four Stage process to this analysis that will uncover problems and identify opportunities.
In Stage I we analyze the marketplace, production, and accounting and financial data. For marketplace analysis we focus on customers, market trends, products and services, pricing, competition, and suppliers. While reviewing production methods we interview senior management and key employees. We review current processes throughout all areas of the business, and analyze the organizational structure. Accounting and financial departments are reviewed to ensure information is correct, complete, received on a timely basis, is understood, and is relevant.
In Stage II we determine what the problems are, what opportunities exist, what impact addressing the problems and opportunities will have, how long it will take to start realizing some benefits, and the probability of success.
Stage III is a review with management regarding Stage II findings, developing a strategic plan that addresses the problems and opportunities, and the methods to implement these findings.
Stage IV implements the strategic plan.
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Deerfield IL 60015
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