- June 6, 2020
- Posted by: Management inSites
- Category: Case Study
LC America – A Cultural AdjustmentConsulting and IBI Contract
Problem –LC America wanted to focus on engineering aspects of building their U.S. production plant without being burdened with administrative details.
MI’s Solution – Through the IBI, MI acted as the U.S. company for the first year and a half, developing HR policies, handling logistics and AP for the construction phase of the project, and providing valuable advice that saved the company money.
Deep Dive – LC America purchased land and were going to start building their manufacturing facility. Providing added value, by understanding their unique needs and knowing which questions to ask, MI was able to set up the U.S. legal entities that optimized the parent company’s financial investment. We also worked with local economic development agencies to ensure the company was reaping all the benefits it could.
Using the IBI, MI acted as the U.S. company for the first year and a half. Our staff invoiced clients, answered phones, and handled everything associated with operations. This allowed the company’s management to focus on the technical and engineering requirements of the manufacturing plant. They did not have to immediately hire full-time staff that would have been underutilized, saving them money during this extended start-up phase.
As the production facility was nearing completion, MI also worked with the client to hire U.S. managers that could work well with the management in Italy, as well as the Italian manager sent here to live and work in the U.S. on an E-2 investor visa. Working with a leadership and human capital consulting firm, we helped identify, vet, and hire personnel for the Greensboro plant. We also interfaced with the local community college to help train future assembly line staff.