Growth Management Ventures, LLC
Division of Fortune 500
Media Company, Los Angeles, CA
Shrank operating costs
Before: Embattled labor
turnaround / Cut costs over 16% in one year
Engaged to manage turnaround of unionized billboard production plant that was suffering a 24% cost disadvantage against competitors, an embattled labor-management relationship, and almost half of all billboards sitting empty.
Weekly planning/ project-management meetings with the plant’s senior labor were used to oversee complete restructure of plant layout and production processes, and coordinate between production, accounting and sales, in order to significantly lower costs, increase hot new product offerings and boost revenues.
Results included over 16% cost reduction in six months, major new revenues from two high-margin markets, and an overall 7% reduction in empty billboards.
William J. Ripp
© 2004 Growth Management Ventures, LLC