Case #3: Start-Up: Performance Infrastructure
An entrepreneurial start-up, preparing to do an IPO,
was concerned about their mediocre financial performance.
The company was not performing to its potential and the
CEO was interested in a motivational speech and team building
for an upcoming annual meeting. Our assessment revealed
that there were more fundamental issues that needed to
be addressed.
Problems the client brought us:
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Jonathan,
the president, wanted his top people to have management
training. |
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Jonathan
was disappointed in the company's financial performance
and he was anxious to do an IPO! |
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He
was interested in a motivational speech and team building
at the annual company-wide meeting coming up in 6
weeks. |
Big Picture Healthcare approach:
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The assessment revealed that
the client had tremendous raw talent and ideas, but
poor infrastructure, poor management and leadership
skills and non-existent processes. |
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Jonathan's
communication style was a mix of directive and indecisive.
We immediately started coaching him and two of his
managers in Peak Performance and Leadership principles. |
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We supported the sales meeting
with a keynote address to catalyze the discussion
about corporate-wide performance. Facilitation and
team building including a customized simulation was
also provided for the annual "all hands" meeting. |
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We
supported the team by facilitating decision-making
in meetings and facilitating their definition and
documentation of high performance processes. |
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Peak
performance, leadership and team development concepts
were taught in experiential settings and then applied
to urgent tasks at hand. Team development is ongoing. |
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We
are providing a temporary chief operating officer
(COO) to support development of a more customer and
profit oriented business model through critical processes
and infrastructure. |
Results to date:
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The
president, Jonathan, has developed a stronger leadership
presence. His staff and the board of directors have
both commented about his increased clarity and leadership
improvement. |
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All
of the VPs including the two who were receiving performance
coaching had improved performance results. Financial
and project results are both ahead of schedule. |
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Morale
is up. |
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Customer
satisfaction is up as a result of improved consistency
from the developing infrastructure. |
Ongoing:
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COO
position continues for next 3-4 months. |
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Coaching
and team development ongoing. |
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A
customized management development curriculum has been
developed, and its implementation is ongoing. |
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Weekly
e-zines and monthly departmental meetings support
team building and development of high performance
culture. |
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