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Sample Projects - Turnaround and Change Management

Re-organisation of an app development start-up under investor pressure

Year:

Title: 

Company: 

Role: 

Duration: 

Team:

2015

Interim CMO

GenioStudio Ltd / Hungary / Early stage startup

Project Lead

6 months (part-time)

1 internal / 8 company

Business Case:

  • VC investor threatened to take over company due to unclear road to market and slow development

​Main Project Steps:

  • Transformed company into a project-driven organisation 

  • Identified new market potential for existing competencies

  • Developed and implemented go-to-market strategy for new app product

 

Success:

  • Successfully launched new app with market potential in 40 days

  • Achieved continuing investor support

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Transformation of an internal audit department into a value adding in-house consultancy

Year:

Title: 

Company: 

2011 - 2013

Head of Internal Audit

Franke Group / Switzerland / 3bn EUR Sales

Business Case:

  • Turn cost centre into a value adding unit

Main Project Steps:

  • Introduced and automated in depth pre-audit data analysis across all operative segments

  • Introduced LEAN/Six Sigma training

  • Trained operational experts in consulting methods

  • Introduced close feedback loops with audited companies

  • Managed over 40 company reviews on 5 continents

Success:

  • Over 10x of team costs in confirmed improvements per year

  • Average 46 out of 50 points in company feedback

  • Turned team into an in-house talent pool for operational units

  • Internal Audit got requested for special project support by local entities as well as division mgmt and other functions

Collating Data

Turnaround of an independent commercial kitchen equipment provider

Year:

Title: 

Company: 

2011

Senior Internal Auditor

Franke Foodservice Espana / Spain / Sales 30m EUR

Role: 

Duration: 

Team:

Project Lead

4 weeks (full-time)

2 internal / 5 company

Business Case:

  • During the financial crises the stagnation in gastro industry in Spain lead former entity faced insolvency

  • Exposure of 10m EUR loan from earlier MBO

Main Project Steps:

  • Identified weaknesses in management structure and team skills in core functions

  • Identified potential to grab significant market share and developed action plan (see market and pricing strategy sample project)

  • Improved inventory management process

Success:

  • Identification of 1.5m EUR in NWC optimisation, action plan to gain 10% market share - later executed by company

  • Successfully moderated negotiations between company owner and Franke group to replace family management team

  • Was requested as CRO by company but denied as promotion to Head of IA was considered more beneficial to the group

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Organisational development for growth

Year:

Title: 

Company:

2009

Senior Consultant

Medium sized startup / Production and distribution of Ultra Fresh Food / Sales 15m EUR

Role: 

Duration: 

Team:

Project Lead

9 months (part-time)

2 internal / 2 company

Business Case:

  • Successful startup hit growth ceiling and was overwhelmed with opportunities / challenges

Main Project Steps:

  • Moderated strategy development process

  • Developed new organisational structure

  • Co-defined and prioritised strategic projects

  • Project Sponsor for different internal projects

Success:

  • Acquisition of additional 10% market share after 6 months

  • Successful establishment of Agile project driven organisation and handover

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Turnaround under distress

Year:

Title: 

Company:

 

2009

Senior Consultant

Medium sized, family owned enterprise / Germany / Production of technical foils / Sales 70m EUR

Role: 

Duration: 

Team:

Lead CRO project

3 weeks (full-time)

5 internal / 5 company

Business Case:

  • After successful discovery project, company and debtors felt need for CRO to manage turnaround

 

Main Project Steps:

  • Prioritised improvement projects identified during concept project

  • Coordinated and planned detailed projects to realise different improvements with 3rd party experts, in-house experts and company

Success:

  • Approval of CRO concept and project map

  • CRO role was unfortunately given to a former manager of the leading bank due to age concerns

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Email:
Michael Bist | Consultant | Actionable Insights | B2B Sales Expert

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