The VP of Operations for the PE firm wanted to position their portfolio company to embark on a new strategic path following the company’s transition from a previous owner.
The company lacked clarity and consistency in job descriptions, evaluation metrics, and performance review systems.
And they didn’t have a strong set of Vision, Mission, and Values to guide organizational strategy and inform the HR processes for hiring, performance assessment, and retention.
The PE firm wanted to establish the company as an independent brand, grow revenue, and exit the business at a healthy multiple. But first, they needed to get the company’s strategy and recruitment in order.