Booker had a major, multi-billion dollar subsidiary which had recently
been merged with a smaller but significant competitor. The
cultures of the two companies were different, and differing
views existed on how the combined business should be managed,
many of the acquired company not appreciating Booker’s
different style of working.
Cameron completed a Cogent study which objectively demonstrated
the optimum policies to maximise both revenue and profitability
of the combined business. Some of the recommendations validated
Booker’s reasons for making the acquisition, but we also
came up with a number of crucial new insights about the sources
of profitable growth which turned the entire marketing operation
of the company into a new and unexpected direction. Management
from both the two merged businesses were able to align behind
the logic of the new policies.
National Starch had been acquired by Unilever. Management were
required by their new owners to follow a very different pattern
of policies and procedures from those considered optimum pre-acquisition,
and these was much internal resistance to these. Prime among
these was the production of a regular strategic plan and a
detailed annual commitment to the following year’s policies,
in a company which had prided itself on its flexibility, rapidity
of decision-making and ability to make swift changes of direction
in response to market opportunities. Cameron was invited in
by senior National Starch management to help embed the new
strategic planning processes, and win management over to a
realisation of their value, and that they could be adopted
without loss of the core values seen to be key to previous
success.
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