Picone Advisory Group develops strategic plan to prepare architecture and interior design firm for the changes occurring in the global marketplace
For a renowned international architecture and interior design firm, Picone Advisory Group was called upon to strategically plan for and position the company for continued success as the firm approached its 50-year anniversary.
Challenge
Following several years of escalating operating losses and the retirement of the company’s long-time president, direction was needed to steer an international company in a new direction.
The newly appointed president—with the full support of the board of directors—sought Picone Advisory Group’s assistance as a financial advisor to reposition the company and perform an operational restructuring.
Solution
We assisted the new president in developing a strategic business plan and a company financial fitness plan to help refocus the company and get it back to a stable financial foundation.
We assisted the president in reducing the company’s excess office space in several locations.
Results
Serving as an advisor to the president and interim chief financial officer, Picone Advisory Group led a restructuring of the company’s operations, accounting and financial services department.
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