Enabling a path for long-term succession planning while improving operational efficiencies.
JULY 2024
About Persimmon Group Inc.
Persimmon Group Inc., a pioneer and industry leading cross functional team that helps clients bridge the gap between product development and commercialization. Expertise in product development, clinical research, regulatory affairs, quality, compliance, manufacturing, pharmacovigilance, legal, brand development and marketing. Persimmon Group sought to fortify its existing success from future leadership transition challenges and needed a strategy for long-term succession planning whim also improving its operational efficiencies.
Challenge
Persimmon Group faced a multi-faceted challenge:
Leadership Transition Uncertainty: The company lacked a clear succession plan, making it difficult to ensure a seamless leadership transition.
Operational Inefficiencies: Burdensome processes were slowing operations, creating bottlenecks, and affecting overall productivity. Persimmon needed a cost-efficient approach to ensure the long-term sustainability of the practice.
Maintaining Legacy and Future Viability: Integrating the modernization of operations and a leadership progression model without disrupting the business , and maintaining its brand legacy was crucial.
Solution
London AVERY partnered with Persimmon Group to implement a customized solution tailored to their specific needs. The solution included:
Comprehensive Business Assessment: We conducted a detailed review of both Persimmon's operations and leadership structure. This allowed us to develop a roadmap that capture operational inefficiencies and leadership transitions.
Optimized Leadership Succession Plan: London AVERY developed a clear and actionable succession plan, aligning leadership goals with Persimmon's long-term vision. The succession plan was designed with business continuity in mind, allowing Persimmon to ensure a seamless transition while minimizing disruption to ongoing operations.
Process Improvement Recommendations: We introduced operational enhancements designed to eliminate bottlenecks and improve overall productivity. This initiative included optimizing team roles, streamlining workflows and implementing process automation for better efficiency.
Ongoing Implementation Support: Throughout the execution phase, London AVERY provided hands-on support to guide the leadership team and ensure smooth implementation of both the succession plan and operational improvements.
Results & benefits
The implementation of London AVERY's solution yielded significant positive results for Persimmon Group:
Comprehensive Succession Plan: Developed and implemented a robust succession plan, reducing ambiguity and securing Persimmon's long-term future.
Reduced Operational Inefficiencies: The optimized design and operational processes minimized the long-term costs associated with the administration by 25%, leading to a significant boost in productivity, ensuring the financial viability of the solution for the Persimmon Group
Enhanced Enterprise Value: By pro-actively addressing the future transition of the business, the Persimmon Group solidified the positioning of the business for future growth and sustainability.
