Businesses that flounder are often headed in the wrong direction or swimming in the wrong waters. U-turns (traditionally called “turnarounds”) are frequently required before the floundering finally manifests. A u-turn is also not complete until a vehicle is safely turned to the other side of the U.
Typical client challenges and symptoms:
- Outdated business model or strategy
- Dwindling market share and revenues
- Competition from new or substitute products or services or market entrants
- Business in “sleep mode” or near comatose
Ashford & McGuire’s ValuePlus solutions:
- Designing u-turn maps for generating returns ( U-turns for Returns)
- Facilitating business renewal options
- Revitalising viable but sleepy businesses
An article captioned “Vanishing Legacies” (ThisDay, 24th March 2006) opened with these words:
In Nigeria, very few prosperous family-owned businesses (companies in which a family has a controlling stake) thrive beyond the first generation. Those that do, find it difficult to run professionally while making the family happy. How can such businesses prosper through generations? A business founder that plans for and manages his succession will add lasting value to the business”
These words reflect the heart of Ashford & McGuire’s corporate legacy building service. Through this innovative service, we intend to be in the forefront of building lasting corporate legacies in Nigerian enterprise.
Typical client challenges:
- Undue retention of sole proprietorship model
- Non-transfer of business knowledge
- Weak or inadequate formal structures and processes
- No succession planning
- 100% equity holding by one family or person
Ashford & McGuire ValuePlus solutions
- Legacy design and build process
- Extracting and generating commitment to build legacy
- Designing and implementing roadmaps for long-term existence
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