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Change Management

 

"IEM guided our firm's senior management during a transitional period for our organization, vastly improved our business practices, and increased our profitability."

- Jeff Weintraub
Managing Partner
Weintraub, Stock
& Grisham, PC

IEM provides a complete package of operational services for both established and newly launched enterprises. Specializing in Interim Executive Management, IEM successfully creates platforms for managing change in a variety of industries. Clients rely on IEM's senior executive level of expertise and experience in transitional management. We greatly benefit our clients by providing interaction and direction in vital decisions inherent in each phase of the transitional cycles. IEM's seasoned executives enter a project with one consistent goal: to provide the client company with a platform for success.

Lead time on a project is vital to success. IEM becomes a "project partner" early in the cycle of transition. We interact with key stakeholders to establish consensus on firm performance goals and objectives that will assist in solidifying present and future funding and revenue generation. Senior management concentrates on daily core responsibilities to ensure a strong and well-monitored revenue base from the onset of transition while IEM monitors the execution of the reengineering process. Successful organizations recognize quickly that investment in additional business leadership resources has a direct and immediate impact on the bottom line. Costly mistakes are avoided and internal leadership retains the time and focus necessary to maintain and service clients fundamental to organizational success.

Measurable Results

  • Designed and implemented competency-based systems that resulted in effective change management strategies.

  • Developed leadership contingency plans, and set the tone for strategic organizational realignment.

  • Advised external accountants, attorneys, and bankers to ensure organization's viability during transitional period.

  • Reorganized, repositioned, and relocated firm to overcome a down economic environment. Increased revenues 25%, profits 150% in highly competitive marketplace within 12 months.

  • Reviewed and restructured standard client service plans to ensure complete professional presentation and appropriate ongoing follow-up support.

  • Created business-development strategies that raised client revenues 20%.

  • Improved cash flow 150% for organization undergoing a change in partnership and loss of business. Strategically restructured debt load and improved collection system resulting in 30% monthly increase in collections.

  • Moved organization with major operating losses to a 200% increase in profits in 18 months by restructuring work force, developing minimum production requirements, reducing overhead, and implementing revenue-generating strategies.

  • Led firm from no cash/no draw/ "no borrowing power position" to adequate cash reserves, competitive partner draws, and solid banking relationship with significant borrowing power in 12 months.

  • Increased revenues 50% through grants, donations, and increased industry research activities in 12 months.

  • Developed comprehensive financial analysis functions and systems for evaluating utilization of key income producers resulting in department profit center accountability.

  • Orchestrated expansions and relocations of client firms. Selected office space; negotiated leases; arranged for build-out, furnishings, equipment acquisition, and initial staffing for early-stage companies.




Strategic Planning: Interdisciplinary tools for key market positioning

Operational Excellence:Optimization of Financial, HR and IT structures

Professional Development: Executive Leadership enhancement through training and counsel

Restructuring: Tactical tools for growth, mergers, acquisitions and dissolutions

“Partners For Hire”

IEM, Inc.

Memphis
1922 Exeter Road, Suite 40
Germantown, TN 38138
Boston
60 State Street, Suite 700
Boston, MA 02109
Telephone: (800) 753-2350
Facsimile (901) 753-5098
Email: Contact@IIEMI.com

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