Awareness. Acceptance. Action. These are the three steps to implement corporate changes as explained by Tim Van Mieghan, the co-founder of the ProAction Group, a Chicago-based consultancy that revitalizes stale or stagnant private equity companies in the US and abroad to dramatically increase their productivity. With over 800 consulting assignments, Tim focuses on manufacturing challenges in Latin America and Asia. Creating efficiencies and changes are difficult in any business, but the processes Tim’s company uses are based on proven principles that work worldwide. Tim also explains challenges arising in developing countries, the most difficult project to implement, and the most difficult type of CEO to work with.

Highlights:

{02:53} How to acquire expertise in profitability improvement and gain international experience.

{06:19} Establishing trust when you are an outsider and foreigner.

{16:26} Working through interpreters.

{17:45} Stories from the job

{27:50} Working in developed countries vs developing countries

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{31:11} Working on a project where the CEO is reluctant or interferes.

Tim Van Miegham bio:

Tim Van Miegham is the co-founder of The ProAction Group, a Chicago-based consultancy that revitalizes stale or stagnant private-equity companies in the US and abroad to dramatically increase their profitability. Since 1995, he has personally worked with over 100 private equity firms and 700 operating companies, focusing on manufacturing; supply chain management; and commercial operations such as pricing, processing and sales. Overseas, Tim has worked in Mexico, Brazil, Guatemala, China, Indonesia, and the UK. His firm also operates in Eastern Europe. He is the author of the book Shocking Profit: How to discover your company’s hidden value.

Connect with Tim:

Website: https://www.proactiongroup.com/

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