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The Kitchen Sink: Miscellaneous Operational/Engineering Concerns
This white paper introduces management teams to best practices for conducting site audit, supplier management and bid substantiation, third party reviews, credit and other A/R & A/P assessment, IP documentation/valuation, security interests (UCC et al). It also delves into location issues which are often not addresses until it’s too late to implement the best decisions. (about national/state/ international issues which must be reviewed, compliance potholes for multi area operations; hole patching). Taking a company public is a major undertaking which requires thorough preparation and planning. However, before starting on the legal requirements of taking your company public, it may be prudent to stop and evaluate your business, its processes, procedures, relationships both internal (with employees and management) and external (suppliers and competitors), and the environment in which you trade. The earlier the management of a prospective public company performs this self-analysis and implements necessary improvements and enhancements, the more likely the company is to succeed long-term once becoming publicly traded. There are two widely recognised models for organizational analysis. Porter’s Five Forces Model, and SWOT (an acronym for S – Strengths, W – Weaknesses, O – Opportunities and T – Threats). Porter’s Five Forces model is an industry analysis or an external force analysis tool. He perceived industry being influenced by five forces, namely: This model is useful for enabling management to see a clearer picture of the industry in which the firm operates. In the late 90’s Larry Downes, critiqued Porter’s Five Forces Model in the article “Beyond Porter,” saying that the assumptions were no longer valid. Downes set out three forces, which had come to the forefront in the decade since Porter first articulated his theory. Downes argued that they required a different framework and tools to address them. Briefly, these three forces are:
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