Preventing a Company from Going Under
Last year was a dark year for the company where I work. Many of the employees, including myself, were all afraid that we would lose our jobs in a series of mass layoffs. The head of the company ensured that no one would lose their jobs, and that he would rather take a cut in pay before having one of his employees leave. He gave my department the task of using business intelligence to turn the company around. We came up with the plan to use a data consultant company to turn the fortunes of the company around. It was probably the only chance we had to fix the company before it went belly up.
The owner of the company was willing to go along with the plan to save it. He viewed the company and the employees as if they were his own children, and wanted to do anything to keep them alive. I looked for some companies that would be great at doing intelligence work, and found one data consultant company that had been used by many businesses. I contacted them and told them about our problem and immediately they got to work on thinking up solutions.
Once the company had a formal plan for our company, they submitted it to our boss and he began to implement it. Getting the company back on track wasn’t an instant fix, as some months had to pass before we were able to determine if the company was beginning to turn around. During these months, everyone was on edge because of the possible outcome if the plan didn’t work. We monitored the company’s profits closely and saw that the company was doing better numbers each month. The company got to the point where it was doing well again, and everyone was relieved that their jobs were safe.