Situation
A fast growing leader in entertainment technology was expanding into new product offerings, adding staff, implementing new technologies and moving into new state of the art facilities. At the same time, they were experiencing increasing turnover, deteriorating morale, and difficulty identifying and attracting the talent needed to drive the business forward.
The majority of the leadership team had been with the organization from its founding and had taken on expanded management responsibilities over time. The culture was highly collaborative and technical expertise was valued over management skills.
Strategy
HResults was engaged to work with the leadership team to assist them in meeting three key objectives:
Development activities implemented:
Outcome
The organization has continued to thrive despite the economic downturn that has impacted many of its competitors. They attribute at least part of this success to outcomes of the leadership development process. Included in this are:
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The role of Human Resources has evolved dramatically over time from administrative watchdogs to a business critical function with significant impact on all strategies and programs involving people.
Increasingly, organizations have come to the realization that people comprise a major portion of their overall expenditures and a key to their ultimate success.