|
War Story
#21
| Business
Type: |
|
Software
Engineering Services |
| Challenge: |
|
Financial
management and planning |
| Work
Performed: |
|
Conducted
a review of operations, developed a business plan, evaluated
management team, recruited a controller, implemented human
resources systems |
| Benefit
Provided: |
|
Dramatically
enhanced operational effectiveness |
| Long-term
Result: |
|
Better able to handle growth;
improved profitability |
This software programming company was started by a
young group of college friends. Through hard work (but little
management training and experience), this company grew over five
years to become a fairly significant organization (30+ people in
two offices). However, it had always been weak in the area of
financial management and human resources administration.
Management
was concerned that it might lack the necessary tools to handle are
more expanded level of operations. It also had concerns about the
effectiveness of its recently hired sales and marketing manager.
In
simple terms, Management Advisory Group helped to "professionalize"
the management team and the systems it employed to manage the
company - including development of a business plan.
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