Working closely with the CEO and executive team we did a front end assessment of the current state of the organization, a report that outlined several key issues that were affecting the company’s ability to grow and sustain it, and a series of workshops involving over 50 executives, directors and senior managers where a comprehensive description of the future was defined and the next steps for achieving it were developed.
Achieving Sustained Growth
We supported the organization through each step of the implementation process.results of the transformation were impressive. The company went from roughly $850 million in sales in 2016 to well over a billion by 2018 (a 20% increase in two years with profitability increasing by 70%). In its strongest financial position ever, the company received and accepted an offer to be purchased for $3.675 billion. In October of 2019 the deal with closed.
If you'd like to learn more about how we helped this company, please contact us.
"How to Transform Your Mult-Billion Dollar Business in 3 Years or Sooner" podcast episode sponsored by the Leadership and Transformation Podcast offers insights from the former Chief Executive Officer of LORD Corporation, Ed Auslander, who worked at LORD for 35 years. Mr. Auslander is recognized for the transformation of Lord Corp by increasing revenue by 20% and profit by 70% within two years.
Listen to Steven R. Rayner, NCW's change and corporate storytelling consultant, on the transformation of A&D supplier LORD Corporation in 2017.
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