Consulting & Advisory Services
The Inside Story on maintaining aggressive growth while addressing system overload
and dissatisfaction in the ranks
A $2B division of a Fortune 500 company was
growing organically, and wanted to augment that growth through
acquisitions. As a result of the growth and increased visibility
and pressure, the President of the division and his direct
reports were experiencing a state of overwhelm – an aggressive
growth plan with too much to do, not enough time or people,
and dissatisfaction in the ranks.
The company hired GLG to work with them,
primarily at the level of the President, his direct reports,
and key change agents within the organization to create plans
to continue the aggressive growth curve while not losing employees
to burn-out and discontentment.
During that same time, the President decided
to re-organize the division, which included changing the scope
of people’s responsibilities, bringing in new people
(some replacements, some new positions) and as a result of
the changes in scope, having people report to others who were
once their peers. On top of that, they announced the acquisition
of two businesses. The President was committed that, during
all of this upheaval, current business results would be maintained
and employee morale wouldn’t suffer.
Clearly, there was potential for disaster.
The re-organization alone could have had strong negative repercussions.
Adding two acquisitions – when this division had never
acquired another company and the parent company didn’t
have any successful models for smooth integrations – only
increased the risk of failure and executive/employee flight.
GLG met with the executive team quarterly
to help them craft their growth plan and the presentation of
the plan to the CEO, which was an outstanding success. While
they were “working on their work,” we also helped
them build teamwork and trust, and offered new ways to work
together to increase their effectiveness. We supported them
in the design and management of an internal communications
plan that addressed both the re-organization and the acquisitions.
We continue to provide coaching to the President, members of
his executive team, and targeted directors who have assumed
additional responsibilities. We also attend integration meetings
on an ad hoc basis, looking for ways to clear pathways and
help people build trust, communicate effectively and produce
their desired objectives.
Through the work with the leadership team
that was in support of the key strategic initiatives for the
growth plan, they were able to achieve double-digit growth
in their business. The executive team is operating more cohesively
than ever before, according to their own testimonials; and
they are providing a new level of leadership, focus and prioritization
which is very appreciated and valued in the employee body,
even during the stressful period of integrating two new companies.
Employees have told us that the leadership, communication,
trust and acknowledgement that is being provided from the top
has helped significantly to alleviate stress and strain in
the system.
« Back
to Case Studies
|