3/25/2023 0 Comments Tomighty change time![]() The Aptum team were daunted by the requirement to change the systems and culture of the 600 people they inherited and streamline everything since they no longer had a corporate parent. Whether a firm is growing as midsized or reducing as a spin-off, a sense of shared objectives and a joint endeavor to motivate staff is critical.īowen knew that change is important and often reflected on her previous experience at Hewlett Packard, a company famously founded in a San Francisco garage and since grown beyond all recognition. Establish a clear and ambitious corporate vision and get the entire team on board and aligned with it.Hold regular sessions to review execution of the goals and ensure the leadership team can make adjustments and corrections to stay on course. Set and monitor planning goals routinely, looking at market opportunities and strategies to capture them.It was no longer about “making a good presentation to satisfy corporate,” but rather working together creatively and openly – and with commitment. Build a leadership group with the right people who are committed to trust, accountability and sharing ownership of the outcome.In the case of a spin-off, it means streamlining processes and reporting lines, both to ensure cost-effectiveness and to enhance teamwork and communication. Design a staffing infrastructure and systems to match the firm’s vision and need for agility.Guideposts for Aptum’s restructuring were similar to those of any midsized firm and best practice for any company seeking to be market-responsive and client-focused: But that still left the major challenge – namely, to structure the new company so it could deliver the customer benefits they planned. ![]() With everything in place, the spin-off was announced and completed within two months in early 2019, and in August of that year, the firm was re-branded as Aptum Technologies. They decided to sell it off so it could thrive.Īptum also benefitted from finding an investor, Digital Colony Management LLC, with a real interest in its strategic development. Aptum’s transition was facilitated by the board of the parent company, the US $1.8 billion revenue Canadian telecoms infrastructure firm Cogeco, which recognized that the Peer 1 group had to transform into a services-led unit. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |