Company had experienced 41-months of consecutive losses in a market with strong demand for their products. The business was also struggling to establish a strong vision for the future. The owner hoped to transform the business from a cost center that supported a sister company to a self-sustaining profitable business venture.
Larx provided an interim CEO to restructure the business through implementation of new processes and realignment of department goals. Larx also led the execution of an acquisition that led to a diversification of product offerings and customer concentration.
Within one month of holding the interim CEO position Larx was able to identify major inefficiencies in the operations and overall business management. We identified key business drivers and implemented a daily dashboard, monthly reporting, and accountability matrixes to track real-time progress. The engagement lasted nine months and achieved eight months of consecutive profits.
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