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Budget Approved. Now what?

Written by:  Matt Dionne, Managing Partner TYGES Elite

budgetThis is the time of the year when most business leaders have their budgets approved and are now reviewing last month’s progress toward their new annual goals. Many leaders will learn that the actual results are not achieving the year-to-date goals after just one or two months. “How can this be?” you might ask.

“How can we be off target so early in the year that has just begun.”

This can be due to a number of reasons including:

  • Poor Assumptions
  • Changes in Market Conditions
  • Unplanned Negative Events
  • Lack of Resources
  • Errors in budget modeling like linear budgeting without seasonal effects

However, sometimes budgeted results are missed due to ineffective actions which result from poor implementation and poor execution.

In my past, I have seen many business plans that were well designed with great actions. However, the execution of those actions did not deliver the expected results. Often this was due to the lack of initiative, foresight, planning, urgency or skill set from those responsible for the actions.  As leaders, we focus on the why, what, when, and how much to spend on the planned actions.  invest5However, we do not spend enough time on who will be doing the actions and do they have the leadership, experience, and skill set for the planned actions.

Improving results dependent on people requires an investment in people.

Such investments include reassigning your best employees to new roles, providing training to those in the roles, or acquiring the required talent to drive the new actions.  Having the leadership talent to achieve planned improvements is something equally important to the actions themselves and deserves more time and planning.

So, as you review your business results to your budgeted plans, ask yourself if you have the leadership talent to achieve your planned success. If not, it’s time to take action on WHO will be driving your business actions.

I encourage your feedback and would enjoy the opportunity to provide you the resources for a top tier performing team.  You can find me on LinkedIn and you can learn more about my team and company here.  Also, you can learn more about TYGES by following us on Twitter @TYGESInt or here on our blog.

Our mission is simple:

We’re here to make good things happen to other people.

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TYGES announces first Managing Partner

VA based TYGES International continues the pursuit to improve their client’s experience in talent acquisition as they announce their first Managing Partner, Matt Dionne.

Founded in 2002 , TYGES has had 1,000+ successful placements within the Industrial Manufacturing and Healthcare industries. CEO and President Tim Saumier stated, “As we continue toward our vision of Reinventing Recruiting, we are excited to announce the formation of TYGES Elite.”LOGO - TYGES Elite (Stack)

TYGES Elite will focus on serving the C level and senior executive levels using our unique model that offers:

  1. Searches led by Executives who have worked within Industry
  2. A Talent Pipeline, with strong long-term relationships, developed over the past 14 years with a network of the current and future leaders of our Industry
  3. Industry Leading Performance and Quality Standards
  4. Flexible Solutions for our Customers that other firms simply will not offer.

Matt Dionne will be leading this practice utilizing his 25 years of experience in the industrial manufacturing space with companies such as WireCo WorldGroup, Norsk Hydro, Siemens and Cooper Industries. Prior to the creation of TYGES Elite, Matt was the COO at WireMattCo responsible for global operations approaching $1 Billion in sales.

“I have been fortunate enough to work with some very talented professionals.  I have first-hand knowledge of how important it is to the success of a business to have the have highly talented people in an organization.” -Matt Dionne

Matt’s extensive business skills include go-to-market strategy, value proposition, sales execution, margin management, manufacturing & operational excellence, M&A, and Lean manufacturing. Matt has led manufacturing organizations in a variety of industries including Automotive, Machinery & Capital Equipment, Consumer Durables, Metals, and Electrical Components. Matt also has global experience leading firms in North America and Europe, with both public and private equity backed businesses.

When Matt was asked why the change, he stated, “Unfortunately, I have had some poor experiences with the performance of some of the largest search firms. As a result, I have decided to join TYGES International to create a flexible and effective process that will improve upon the shortcomings of the search industry as we currently know it.”

TYGES International is based in Williamsburg, VA and has branch offices in Miami, Atlanta, Charlotte, and Raleigh. You can learn more about TYGES on their website www.tyges.com and stay connected with the latest industry news and resources through TYGES International’s LinkedIn group page, on Twitter, and here on our blog.

Our mission is simple:

We’re here to make good things happen to other people.

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