Legal Services: knowing when to 'shut up shop'
An opportunity had arisen for a major contract for services. The risk was that the organisation might not be able to provide the services for the contract price. But if they did not win the work, they might not keep their position in the market place.
The organisation realised that the owners and key stakeholders did not want to continue the business and that this 'opportunity' had forced them to consider a number of issues which they had hitherto put off facing. They closed the organisation in a structured manner, leading to minimised fallout for staff and other beneficiaries.
The Project Process
Evaluation of the business showed that it had been 'bumping along the bottom' for some time. The key drivers of the organisation were honest and open and admitted that the excitement had gone from their business lives and they could not offer anything attractive to those who might want to follow on in their footsteps. Evaluation process was open, honest and frank and was led by the owners with full staff invovement.
Why the Project had a 'favourable' outcome
The reality of the situation was outlined in harsh facts AND an open and honest participation by all. Staff were supported to find new roles in new organisations which for the owners was the most important outcome of all.