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Creating
Value in Trying Times
An
Abilene
Management Group principal
was retained by a major media company to improve the
operational and financial performance in a major technology
department.
Over a period of a year, the department severely
missed its revenue and technology targets, had its
funding curtailed, missed development and implementation
schedules, and entered into low grade contention with
the predominant LEC. The principal introduced
the Team Based Organization (TBO) concept, fiscal
restraint, risk analysis, the SLC, PMLC and PDCL methodologies,
process improvements, reengineering of architecture,
refocusing of efforts, morale improvement, 360 degree
communications, revamping of strategy and experienced
leadership.
Over several months, we assisted the
Company in a new operating plan and a focus on developing
personnel, plans, technology and external partnerships.
As the Company ran out of cash and faced either
a “wash-out” financing or bankruptcy filing,
the department conclusively demonstrated the viability
of the strategy through improved cashflow, the meeting
of implementation deadlines, the nullification of
the LEC advantage and the generation of substantial
market demand, resulting in a gain for the investors. |
Navigating
Through Turmoil toward the Goal
An
Abilene
Management Group
principal was asked by the board of directors and
CEO to work fulltime as the senior technology executive
after the company sustained severe customer defections,
and a looming liquidity crises.
We recommended and took management actions to make
the technology department viable and seek other avenues
for providing customer value. Shortly after the assignment
began, we hired a technology team, negotiated with
vendors, solicited new service proposals, created
a technology turnaround plan, reengineered technology
architecture, and developed and implemented numerous
plans improving the effectiveness of various business
technology units.
Following one headcount reduction plan and
the preparation of detailed potential reorganizations
and customer base retention strategies, he was able
to identify and quantify in detail, the cost, technology
and revenue synergies through various scenarios.
With the Abilene
Management Group stewarding
major technology department improvements, the company
was able to lower churn rate to under 2%, increase
customer base by 200%, provide web services substantially
below competitor costs, and become the dominant player
in its industry. |
| A Winning
Partnership on the Bleeding Edge A
significant international cable and broadband firm
was struggling with its core business and was also
feeling pressured by underperformance.
The
company had received over $1 billion in funding,
had numerous partnerships and an OEM agreement with
a major consortium. One
particular unit had gained recognition as a leader
in specialized products and services for internet
and VOIP.
However its costs were out of line, its customers
were unhappy and substantial management turmoil existed.
In a short period of time an Abilene
Management Group
principal was able to explore the available
options other than a complete shutdown of the operation.
He was able to ascertain that the acquired
technologies had substantial potential value and that
a next generation product, although late, was eagerly
awaited by customers.
By improving communications, technological
knowledge and performance, change management, depolitization
of the workforce, tweaking of the technology and strategy,
closer cost monitoring and successful service implementations,
the Abilene
Management Group principal
was able to convince investors of the profitablity
of the improved course of action while reversing the
negative cashflow of the enterprise.
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