Comprehensive turnaround program for an international chemical company
- Booz & Company was retained by a leading global chemical company to redefine its strategic direction and to rapidly improve its profitability.
- Booz & Company conducted a strategy review for each of the client’s individual businesses; the review included market attractiveness, positioning, and cost competitiveness. On the basis of this strategy review, we developed the future organizational model and a comprehensive turnaround plan. The plan focused on reorganization and cost reduction initiatives in overhead expenses, sales and marketing, manufacturing operations, and supply chain management. We assisted the client through implementation with program management and change activities to ensure full realization of the planned measures.
Learn more about our Organization & Change capabilities.
