Tag Archive: organization

Gaining New Ideas to Increase Business Value

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Every executive we work with is interested in increasing the value of the business.  Whether a small closely-held business with an owner who might want to sell the business or exit with an ESOP, a private-equity backed company aiming to achieve the ideal exit strategy per the private equity agreement or a large, complex organization working to increase shareholder value, increasing the value of the business remains a unanimous top priority. Understanding this objective is quite different from fulfilling it.  There is a reason the most successful businesses have teams of people rather than one person who has to come up…
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Cross-Functional Success

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Although working cross-functionally is a basic tenet in every organization we’ve ever seen, it remains elusive to many. Certainly the topic arises frequently no matter what product or service is offered as coordination is required to conduct business. For example, we are working with a company to prepare for go-live, and the most challenging aspect lately has been to get every functional area to work in concert with each other within the order fulfillment process. Unfortunately, it requires more than simple coordination, although that alone would be a start in many organizations. In our case, as errors arise (which is…
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How Organization Can Be Your Secret to Success

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I’ve always been organized. My mom said that my 5th grade teacher who also owned a business and was in politics said I was the most organized person she had known – adults included. This was a high compliment coming from her. I don’t really remember much about that but I know it has been one of the key skills that led to my career success. I’ve noticed that some of the most successful people I’ve known credit organization as playing a pivotal role in their success.  Why does organization play a big role in success? Let’s consider a few…
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Sarbanes Oxley

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  The 2002 Sarbanes Oxley legislation (new, enhanced standards for all U.S. public companies) was established in response to high-profile financial scandals (Enron, etc.) in order to protect shareholders and the general public from accounting errors and fraudulent practices. However, implementing SOX in a meaningful way for an organization is far from a no-brainer. A few tips include: Understand your business – what are your key business processes? Understand and document those processes, from the financial risk and control perspective. Do not worry about the rest. Materiality – this is another way of saying, focus on the 80/20. Focus on…
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What You Can Learn from an Organizing Guru

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My 5th grade teacher (who was also involved in politics) told my Mom that I was the most organized student she had ever had. Thus, my Mom was not surprised when I went into the supply chain management field and specifically production planning after college. As is probably a natural progress of one’s career, I have moved from details to big picture; however, organization plays a role in both. I see organization as providing a way to determine when details are key vs. when the big picture is paramount. The vast majority of situations are not black or white. Thus,…
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