Most management teams focus on routine day to day operation of a business. Increasingly in today's business environment, companies are confronted with significant business challenges including the threat of tougher competition and ever-changing market conditions. As a result, they need to realign their business practices to current realities but lack the time, experience or skills to do so.

Wyatt Partners assists companies in transforming themselves when confronted with extraordinary challenges or problems such as chronic underperformance, a flawed capital structure, commercializing a new or unique service or product, integration and/or consolidation of operations and systems, and breakdowns of supply chain.

With each assignment, we strive to:

• Stabilize the environment;
• Protect the company's assets;
• Maximize its value; and,
• Steer it toward operational and financial success.

In the first part of the process, Wyatt Partners will assist the company and its management team in the development of a new and unique Business Transformation Program to create a compelling business strategy, introduce and implement innovative growth solutions, and enhance economic and operational performance by reducing expenses, streamlining processes, rationalizing workflow, eliminating redundancy and excess capacity, and/or mitigating risks. Once this Program has been created, the company receives Wyatt Partners' guidance with its implementation including providing supplemental management on permanent or interim basis.

Step I: Wyatt Partners will guide a company toward developing a Business Transformation Program: 

• Comprehensive evaluation of current market and business model including industry growth patterns, rate of change/evolution of the markets and products and/or services, profiles of competitors, level of industry fragmentation and rate of consolidation;
• Review of the cost structure business processes, workflow, supply chain;
• Evaluate the technology applications and develop a gap analysis including a review of the technology environment of the industry, the pace of innovation, and adoption of new solutions;
• Study the company's IP and evaluate if there is a competitive advantage that can be exploited;
• Analyze the capital structure and identify impediments;
• Examine the cash flow and its stability and predictability;
• Assess the relationship between the company and its customers, level of concentration, the sales cycle, the opportunity for expansion and/extension of the products or services;
• Develop a Program which contains a majority of the following characteristics or the capability to develop quickly:
• A consistent positive operating cash flow,
• Experienced management team(s) with a successful track record,
• Predictable cash flow with manageable or predictable technology, market risk, and implementation risks,
• Strong customer relationships or links,
• Product, service or distribution channels with a distinctive competitive advantage or brand loyalty, and
• Demonstrated growth strategy or potential
• Create a viable Exit Strategy.

Step II: The critical next step is the implementation of the Business Transformation Program including the identification of the resources required for success. Frequently, this is a complex process that requires gaining consensus and focus within the company on the new plan in combination outside resources (e.g. human, technology, political, financial). Wyatt Partners is prepared to build this support, develop a specific implementation plan customized for each engagement, and where required, provide supplemental management.

Visit our representative case studies and services for a closer look at how Wyatt Partners helps clients moving forward.