The Management Tech Associates initial engagement is based on our research of 4 factors that “really move the needle” in the direction of sustainable growth and profitability.
What makes us great advisors to business is our history of also owning and operating businesses!
We approach our engagements from the owner and shareholder perspective. We have bought and sold many businesses and we have invested in several of our clients.
Our initial engagement with you and your company begins with understanding your challenges and then constructing an unobtrusive process to gather information and make focused recommendations regarding the following core components of success:
STRUCTURE
of the company must be aligned to drive strategy and profitability targets. Defining responsibilities today is facilitated by cross unit teamwork, not organizational silos. How does a company drive horizontal communication and hand-offs between functional areas? How do you accomplish this while maintaining clear accountabilities?
STAFFING
the senior team with the specific management skills to both lead and create. Staffing with a cohesive team that can deliver on team motivation/effectiveness and leadership is critical. Management Tech Associates has designed the proprietary Personnel Report as a tool to evaluate day to day work behaviors including organizational skills, work force motivation, and workplace values.
The Personnel Report is widely used by our clients (over 10,000 administered) for both pre-employment management assessment and post-employment management development.
REWARDS
must be aligned with the revenue, and profitability targets; and be understandable while motivational. The prospect of great gain is often what drives performance! This phrase underscores the importance to design clear, motivational, achievable, but stretch compensation strategies. We will evaluate your compensation plan for its alignment with your business goals while motivating individual and team performance.
We have achieved wide recognition from boards and senior teams on our compensation design excellence in areas including:
– Annual incentives
– Short and long term performance incentive
– Restricted stock performance shares
– Stock options
– Executive employment contracts
– Drafting plan documents and communication
SUSTAINING GROWTH
must involve repeatedly reawakening those behaviors that led the company to success in the first place. Our initial engagement will include insights on how your company can successfully grow and not plateau due to such intrusive risks as poor communication with the customer, an erosion of management accountabilities and talent that has not kept up with business industry changes.