Restructuring business policies and methodologies can be a time-consuming task. That being said, it may be the best option for your business if you have a distressed asset or are headed towards bankruptcy.
Restructuring business policies and methodologies means taking a closer look at how you do business and seeing what changes can be made. By examining at every aspect of your business, you may discover many easily implemented, cost-saving adjustments. Restructuring business policies and methodologies will increase the productivity and efficiency of your organization’s current business practices.
Strategy and Implementation Summary
The FF10 growth strategy will require a cut to the current divisions inside the organization and a restructuring of the company. Without the benefits of the restructuring process, it is likely that your business will stagnate, please keep in mind, however, that the process of restructuring is not without risk. In response to today’s retail and economic environment, the current business practice foundation will be slightly adjusted.
There will be two phases of restructuring the company. First, changes will be implemented in the current location prior to FF10 entering the doors. Secondly, in order to build and strengthen customers’ emotional attachment to the company, the brand must be revamped.
Transformation into Corporate Style of Management
Overcoming the issue of total owner involvement in the business is a vital part of growth for any small business owner today. FF10 Partners’ subsidiaries function under “centralized" management with Andre Doyle and Burton Hamilton heading strategies. This management style allows for partnerships with pre-existing organizations and new businesses the ability to operate soundly without the owner being in the business 60+ hours a week.
Positioning through New Brand Development
The current small business branding strategy cannot support the next level of growth. The brand does not appeal to an increasing demographic in the target area. But changing the brand does not mean disregarding the existing value of the company (credibility, integrity, hybrid of traditional and technology).
FF10’s research executives have suggested that there are several reasons a small business should change their brand image. There is little to no brand recognition and potential customers are not clear about the message behind the brand. Another reason for brand evaluation is that the market for the company's product has changed dramatically. Even a slight shift in market conditions can necessitate a branding reevaluation to remain competitive.
A revised brand messaging will convey the company’s seriousness in increasing its value in serving the customers. Some of the characteristics of the new brand will reflect the sense of:
Sophistication
Globalization
Professionalism
Respect
Contemporary
Economical
Strategy Pyramid
Organizational restructuring is the greatest challenge in the growth plan. The current management culture is centered on an absentee model, and as a consequence, workers are less likely to contribute to the overall performance of the company. Although this has given the current owners flexibility, this style of management has limited the company's growth.
Prior to FF10 implementation, we will recruit and hire only the premier workforce, placing the recent hires and retained employees in strategic positions, resulting in the creation of accountability in the company’s performance. Ongoing, we must continue to invest in increasing the competency of your employees through various onsite seminars taught by FF10, relating to sales efficiencies and competencies. Through the development of corporate culture, the entity will become a professional company dedicated to good governance and will one day yield greater performance.
The brand re-development will include an emphasis on its new marketing campaign. The emotionally charged marketing campaign will appeal to the savvy generation of today. The now formed company should shift its perception from being the higher end facility toward being the facility that understands and cares for the community during tough economical times. This will be done by implementing a mission that resonates in the community and is followed by owners, operators, workers and patrons alike. This will happen immediately with entry of management group.
Core Values
Administrative Excellence
We irrepressibly chase ongoing improvement and excellence in contract law, civil law, real estate processes, and technology, and characterize success by establishing building blocks of tradition.
Purpose and Focus
We believe in having purpose for our company and care about applying focus to every task, both for our team at FF10 Partners and those in our extended community.
Balanced Workplace
We believe in building a balanced workplace and in making smart management decisions. During any workday we believe that there is a “building block of tradition” and a most excellent way of doing things, and we endeavor to reach them.
Education and Learning from Mistakes
We maintain inquisitiveness towards the world and as with our Academy, “where learning is a way of life and life is learning”. We believe in persisting self-improvement and developing our own leadership skills.
Integrity
We conduct ourselves with adamant integrity and sincerity as individuals, as groups, and as a corporation. We strive to gain good standing with others, as to secure long-term personal and business relationships.
