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Corporate Turn-Around & GrowthSITUATION: A privately held high technology company experienced a decade of lackluster growth and continuing losses. Dissatisfied investors called for change. SOLUTION: Problem solving was applied to address manufacturing and operating problems. Priorities were selected on the basis of business, operational and market assessments. Losses were slowed and major problems were fixed within two quarters. A cost reduction program was installed to keep the savings flowing. Problem prevention and quality systems addressed key systems problems throughout the company. The newly stabilized and much more efficient operating base enabled the implementation of strategic innovation to develop new products and acquire new business. The company grew 300%+ within six years. The cumulative net changes in operating margin and revenues from the six years prior to the six years after were $5 million and $22 million respectively.
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Cost Reduction & Profit Improvement
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