Galt and Company CEO and founders as well as the professional CEO business consulting team of this executive business management firm have aided many Fortune 500 companies in their search for superior shareholder returns that will last.
One major Fortune 500 companies that Galt and Company has helped succeed through its CEO business consulting and executive business management services is Clorox, an Oakland-based company that is a worldwide manufacturer and marketer of consumer and professional products. The relationship between Clorox and Galt and Company began in 2007 and the CEO business consulting and executive business management that the Galt and Company CEO provided helped his client reach its shareholder value goals.
So without further ado, here’s how the CEO business consulting and executive business management of Galt and Company helped Clorox:
Although by 2006 Clorox had already established itself as a force to be reckoned with in its respective market. In fact, when Don Knauss was appointed CEO of the company in 2006, Clorox had just experienced five straight years of delivering an average shareholder return of 14 percent per year. And while business was going well, Knauss noticed that the company’s top-line growth began to slow down.
With the help of Galt and Company CEO business consulting and executive business management, Knauss was able to implement the same strategy that he used to help turnaround Coca-Cola’s North American business. His strategy focused on improving profitable growth and subsequently shareholder value.
Under the guidance of Galt and Company CEO business consulting, Knauss’ action plan included establishing the corporate goal of sustaining superior shareholder returns relative to other companies within the same market. This led to Clorox starting to measure all brands and businesses on economic profit growth.
Clorox also identified where its maximum profit growth could occur and concentrated on those areas moving forward. This was reflected in the company’s branding, marketing and geographical decisions.
Knauss’ action plan also refocused business managers on the major trends that were impacting consumer demand and purchase patterns. This allowed Clorox to improve its commercial strategies and invest in marketing more wisely. The company also improved its decision-making process by changing the way internal management operates. The root of the change came from Clorox executives focusing on incentives and economic profit growth.
