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Improving Business Performance
Restructuring Your Organization for Results!
Benefits Must Outweigh Costs, Including Time to Be Offline!
Warning Signs That Indicate You May Need To Improve The Performance Of Your Business
Telltale Signs -- Where You Might Be In Need Of A Restructuring
Designing a New Structure
Summary Of Where We Can Help You Run You Business More Effectively
Warning Signs That Indicate You May Need To Improve The Performance Of Your Business
A business' success is determined by many items, among which is Company structure including its policies and procedures , personel, systems, & the relationships of the business and all of its ingredients to one another. Building a strong business organization for your Company can result in:
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More Efficiently Planned Operations
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Improved Communications.
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Enhanced Profitability.
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Better Utilization Of Employees' And There Talents.
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As companies compete in a tough global marketplace, the CPA's ,the business valuer & the financial planner play important roles as business advisors. In response to our clients' diverse needs, we have developed expertise in such specialized areas as information technology, time management, human resources, operational and production efficiency.
Though you know your business better than anyone else, it may be difficult for you to see the weaknesses that could cause its downfall. Our firm brings along the combined expertise, by our being CPA's, computer system technicians, financial planners and certified business valuers. As such we can assist you in identifying problems caused by your organizational structure long before the problems become unresolvable. Because of our broad experience with financial and business matters, we can help you implement those practical solutions to improve the inefficiency of your business. We are able to provide you with the objective insight you need to create a solid foundation for your company, or in certain cases direct you to other specialized professionals, where there specific abilities are more efficient for the specific problem.
Telltale Signs --Where You Might Be In Need Of A Restructuring
The changing business environment may call for changes in your organizational structure. E.g., if your company has merged with or acquired another company introduced new product line, acquired new technology, or downsized, you will probably need to consider restructuring.
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Your organization must have the right people employed in the right places for it to function effectively and profitably. In particular, the following symptoms signal a need for changes within an organization:
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Low Employee Morale
Esprit de corps is missing. Your staff's fears and anxieties about losing their jobs may be reflected in anger toward the total Company, resulting in lower degree of productivity.
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High People Turnover
Continuous personnel changes resulting in increased training costs and low productivity. Management cannot understand the cause.
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High Labor Costs
Labor costs creeping up faster than increase in productivity or sales.
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Inefficient Operations
The Company is unable to handle sudden growth resulting from increased demand for product / service.
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Poor Internal Communications
The owners/managers do not have timely access to data needed to manage the business. One department or person may not know the effect of operations on another department or person within the organization, or what financial commitments are made on its behalf.
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Decreased Profitability
Downward trends in profitability & key financial ratios require a review of the operations for cause.
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Present Performance
A review of your current business performance can provide you with insight on what changes need to be made. Through interviews, questionnaires and observation, we can gather the data needed to evaluate your present organizational structure objectively.
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To analyze your present business performance, we may consider the impact of:
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Company goals & objectives.
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Corporate culture.
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Day-to-day reporting & decision making practices.
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Ownership and entity structure
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Succession plans of owner / managers
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Coordination of activities, lines of reporting and communication.
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Mgt. information & reporting systems.
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Capabilities & limitations of mgt. & key personnel.
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Staffing levels in relation to volume of activity.
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Knowledge of your resources & the services or products produced by the company is also imperative. We are especially qualified to evaluate these areas because of our financial and business valuation expertise.
A thorough investigation of your business will provide a clear picture of its strengths and weaknesses. Areas for improvement can only be identified after an objective evaluation of your Company. Then, appropriate solutions &alternatives can be developed to strengthen your organization.
We will review how various elements of your business fit with one another & within the organization's environment.
We can also review the effectiveness of your business and advise you on how it can be improved.
Designing A New Structure
Designing the right structure for your Companies future requires an objective & coordinated review of present operations & needs. Additionally, knowledge of the Company's operations and objectives, human relations principles & mgt. techniques are required to adopt the most effective reorganizational approach for your business.
We can help you structure your Company so that sufficient, qualified personnel are at the proper levels in the Company & they understand their duties, responsibilities & relationships to other areas of the organization. Additionally, we will identify ways to match employee compensation & incentives to the achievement of Company goals. We can also restructure tasks to improve lines of communication & productivity, thereby enhancing motivation & moral.
Summary- Where We Can Benefit Your Co.
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Analyze & evaluate your present company structure.
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Plan & implement changes in organization structure.
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Review Company objectives
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Increase awareness of mgt. style & its effects on productivity.
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Develop job descriptions & evaluatic methods.
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Develop incentive & rewards systems.
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Identify recruiting needs.
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Analyze compensation benefit plans
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Enhance internal communications.
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Improve personnel administration.
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Restructuring your organization may enable you to operate more effectively. With our requisite knowledge of different types of organization structures, we can help you create innovative changes in your company.
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