Our client is a family owned conglamorate established in the eighties of the last century. Their operations spans in different sectors such as industry, agriculture, real estate and hospitality.
Our team was summoned to investigate areas of improvement. A meeting with the owners defined their vision for the conglamorate, which was the basis for the exercise
Initial investigation showed that the conglamorate business model should be redesigned. The conglamorate management objectives were not updated to cater for its growth. Relation between the headoffice and the subsidiaries was missing defined budgets and performance indicators.
Finanaical performance was analysed in detail. It was obvious that lack of financial reporting and controls diluted what measures were needed to optimize performance
Organizational hierarchy wasn’t benchmarked against the best practice in their related sectors, nor the human resources management process was clearly defined
Our team started by defining the business model and the relation between the headoffice and the subsidiaries.
Detailed operation manuals for headoffice and the subsidiaries were devised based on the sectors’ best practice
Corporate governance measures were installed for optimal transparency in performance
Training at management and operational levels were performed to help implementation of all manuals devised
Upon concluding the assignment, the managment teams both in headoffice and subsidiaries were shuffled to accomodate more qualified teams.
The financial performance of the group improved substantially. The conglamorate made a number of acquisitions based on clear objectives and eventually achieved better cash position than it had before