Insights
- The company was experiencing a significant lack of alignment between stakeholders
- The misalignments were significantly impacting the company’s important challenges and leading stakeholders to question the long-term viability of the entity
Action
- The Newport partner was engaged and began by providing a strategy workshop for stakeholders
- Providing this forum allowed for all key personnel to be heard, share insights and discuss their key concerns
- The workshop began with clarifying the vision, mission, shared values and culture of the organization
- A SWOT analysis was performed, markets were scoped, products and services were evaluated, and competition was assessed
- Key success factors were identified and a five-year plan was produced with clearly-defined long and short-term priorities
Results
- Within a few months, the Newport partner was asked to join the company’s Board
- At the first Board meeting, the Newport partner was appointed Board Chairman
- In addition to his Chairman role, the Newport partner continues to working closely with the company’s CEO to turn continued challenges into opportunities for success
