Corporate Layoffs Solve One Problem While Creating Another.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 24, 2002 Kathleen Mayer announced the launch of a new consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a doing business as The Mayer Consulting Group, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The new firm will focus on fixing the problems which result from large scale corporate layoffs, with particular focus on improving business profitability through business process. Many firms have responded to the shrinking economy with wide-scale layoffs and staff reductions. The result may have solved a short-term restructuring problem and maintained damaged stock prices, but has also eroded e·rode v. e·rod·ed, e·rod·ing, e·rodes v.tr. 1. To wear (something) away by or as if by abrasion: Waves eroded the shore. 2. To eat into; corrode. the corporate memory. While staff reductions have lowered costs, companies are vulnerable to big declines in productivity due to business process details that departed with the people that crafted them in the first place. "Most business process nuances are stored in the heads of people - not in documented systems," commented Ms. Mayer. "As people leave or are terminated, so is the primary means of getting the work done, resulting in broken or ad-lib processes that dilute di·lute v. To reduce a solution or mixture in concentration, quality, strength, or purity, as by adding water. adj. Thinned or weakened by diluting. the time honored business metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. of profitability, market share and customer satisfaction." The Mayer Consulting Group solves the problem by leveraging the talent and resources already in place. Its methodology, known as P.I.P., or Profit-Through-Process, drives cross-functional consensus around business process repair - or a complete process re-vamp to meet the demands of today's uncertain business environment. Mayer's methodology is extremely adaptable, offering generic business process principles that can be applied and scaled to any industry. For example, P.I.P. techniques could be used to repair something as simple as a company's a recruiting process or used to integrate processes from two retail banks that have recently merged. The beauty of P.I.P. is it's ability to drive performance repair or entirely new ways of getting work done. Ms. Mayer also noted that many are "evaluating the world through the lens of September 11th. - and while this is understandable, it's bringing a dangerous paralysis paralysis or palsy (pôl`zē), complete loss or impairment of the ability to use voluntary muscles, usually as the result of a disorder of the nervous system. to many organizations. It's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to boldly plan the future." |
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