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Cost reduction and profit improvement for businesses

Cost Reduction and a Business Unit Turn-Around

SITUATION: A business unit of a Fortune 500 company was suffering serious losses as a result of an inability to compete in a market drastically shifted by aggressive competitors. Closure was immanent.  

SOLUTION: We applied problem-solving methods to clearly understand the situation. Cost reduction and market development opportunities were found, obstacles were identified, and a radical strategic plan strategic plan was created, evaluated, sold to management, and implemented.

This was an "out-of-the-box" classic. Almost everything accomplished had either been invisible to or was thought impossible by the existing business leadership.

A turn-around team accomplished this within 3 months and the unit recovered from $1 million per year losses to $1.5 million per year profits within 12 months. Over the next five years this unit generated $9 million in badly needed profits and $29 million in revenues.

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Cost Reduction & Profit Improvement
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