Oct 19, 2018 4:49:40 PM

Executive Assessment Revealed Roadmap

Strategy & Transformation

The Challenge

A CEO of a mid-sized financial institution had an ambitious vision to triple the firm’s size in the next 3-5 years but needed to know if the executive team had the capabilities to deliver. The executive team successfully grew the business to its current size, but had issues with pace, agility, and alignment. He needed to assess whether his current executive team could deliver and determine if leadership changes were necessary. The CEO needed to quickly bring certainty to meet growth goals.

The Solution

The team aligned the executive team on the critical strategic initiatives needed to accelerate growth. Then, they redesigned the organization structure and implemented an executive team operating pace to more effectively drive the business. Each executive's ‘fit’ for a future role was assessed, and feedback was shared with the executive, along with suggestions for closing gaps. The CEO received feedback on fits for a future role, organizational readiness, and focused-growth recommendations.

The Results

  • The team ascertained executive fit, discovered gaps, determined organizational readiness, and provided growth-focused recommendations.
  • Unprecedented growth and completing its first asset-backed securitization in one year.
  • 50% of the executive team changed, either through personal selection or with guidance, within year 1.
  • Team members reported having clearer direction on their growth objectives and more effective discussions in team meetings. This led to a reduced churn rate and greater collaboration.
Mike is Aspirant's president, and a proven strategic leader in creating corporate visions and achieving their full value. He has delivered results across a spectrum of corporate and consulting leadership roles, and understands what organizations truly need to expedite change and deliver value faster. Mike’s unique combination of business experience in Strategy, Marketing, Operations, Supply Chain, Business Transformation, Technology, Capability Building and Culture Change enables him to provide a broadly informed viewpoint when solving enterprise problems or striving to take advantage of market opportunities. He serves as a key leader to bring the vision of Aspirant to life for clients across North America and the globe.

Related posts