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Case History
Hypertronics
Corporation is a world-leading provider of high tech electrical and
electronic interconnect solutions for the most demanding
applications in military, aerospace, medical and critical industrial
markets.
Challenge:
Hypertronics hit a plateau. Once a privately held business
accustomed to middle-single digit growth in sales and profit, they
were challenged by the new owners (Smiths a publicly traded FTSE 500
business) to double the sales and profitability of the business
within 5 years (by the end of FY2006) while assuring SG&A goals were
met. The route to market was through Independent Manufacturers'
Reps, supported by two regional managers, inside customer service
department, two niche distributors, and one Director of Sales, many
of which were with the business for several years.
Solution: David Kurlan &
Associates was brought aboard to assess the entire inside and
outside sales team including the business leadership team. Upon
completion, a clear plan for sales development was established and
implemented. This development included sales training along with
individual coaching for sales and sales management development for
the sales management team.
A Turn-Key Recruiting Solution (STAR) was also provided, which
helped Hypertronics attract the right candidates and fill the newly
created seats with the right professional sales people. The new
seats were created by terminating the independent rep firms, many of
whom thought that the historical business was an "annuity".
Additionally, they were not brining in the new business as required
and Hypertronics as a whole was in need of a more direct sales
structure.
The Result: Hypertronics
successfully developed a world-class sales and support organization
and on boarded 15 new salespeople from the US to China. This molded
a new culture within the business to over achieve and exceed both
internal and external expectations through double digit sales and
profit 5 years running, doubling the size of the business within
plan while retaining most of the top performers. |