Manufacturing Company
The problem
This $15 million company needed to identify a succession plan for the owner. Management and the firm’s lawyers had not been able to get employee buy-in on their proposals. Significant conflict had developed between the owner and key employees, and the company’s future was threatened.
The Grenell solution
After completing an initial assessment of the situation, Grenell developed a plan to resolve the conflicts between key stakeholders. We met with the parties individually and as a group to determine the nature of the conflicts and identify underlying issues preventing a resolution.
We also assessed the leadership potential of key employees through interviews and the use of business-based assessment instruments. We presented our findings and recommendations to the owner, key contributors, accountants and attorneys.
The results
- The company developed an effective Succession Plan that had buy-in from all key stakeholders
- The Management Team increased their individual and collective leadership capacity
