CASE STUDY: SCOTTISH BASED ENERGY COMPANY
A Scottish based energy company reinforces its shareholder value with a fresh look at medium term strategy.
Scenario
This international energy company, identified a lack of effective communication, together with insufficient management and financial control systems with one of their overseas subsidiaries, following a period of rapid growth within the parent company.
First steps
Wildcat One worked with Directors and Senior Management through a series of discussions and workshops to determine the extent and nature of the problem. It quickly became clear that it was more than a straight communication problem. The strategic capabilities and core values of the parent company were not fully understood or reflected in the subsidiary which was managed with different priorities given precedence.
Implementing a solution
Wildcat One worked closely with the executive team to understand how their behaviours and style impacted on group culture and strategy. The need to build additional capabilities and skills sets for effective organisational consolidation were recognised, with a goal of maximised shareholder value. A plan to integrate the subsidiary and to communicate and embed the core values was developed.
The Result
The project helped confirm, articulate, clarify and focus the company's medium term strategy. Transferable business skills were identified and developed across both group and subsidiary functions leading to more effective working relationships and practices across the entire group.
Improving HR systems increases productivity, role clarity and senior management efficiency.