Trium
Global Healthcare Product Distributor
Facilitated turnaround and post-merger integration efforts
Background
Our client leads a division within a Fortune 50 healthcare distributor. While representing a growth opportunity for the corporation, it was failing to deliver on its promise. Two fundamental strategic objectives were essential for manifesting a transformation - driving the operating performance of key business units, and dramatically increasing the business footprint to compete with scale.
Trium's Role
Our client approached Trium for support in achieving strategic re-alignment, upgrading senior-level leadership and revitalizing the culture around excellence and collaboration. Once underway, Trium also supported the integration of the top executive team following a merger of equals. Trium collaborated with the senior executives in both the turnaround and post-merger integration process. Trium worked with the senior-level executives over an 18-month period, by:
- Energizing the broader team around a shared 3-year vision and enrolling the team in inspiring cross-functional goals
- Translating strategy into collective action - defining specific 12-month priorities to advance the team along the path
- Establishing a culture that enables operational excellence and collaborative execution
- Creating structures and cementing relationship in service of increased trust and collaboration across the organization
- Building high-performing leadership teams at multiple levels, including the post-merger integration of the senior leadership team
- Facilitating turning-point conversations about the future organizational model and implications for leaders
Client Impact
Together, Trium helped the client to build a solid foundation for market competitiveness and growth. The teams executed with a stronger sense of purpose, greater strategic clarity and increased cross-functional commitment at multiple organizational levels. This enabled pursuit and completion of a challenging merger-of-equals, resulting in accelerated time-to-performance and improved financial results. The senior leadership team is now on solid ground to successfully steer a larger, more scalable business.
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