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CVP: Successfully implementing a business change strategy thanks to participative management

1. Organizational Governance

Strategy and organization

Context

Company with 20 employees located in Linselles (department 59), CVP is specialized in the distribution of plastic packaging materials in 4 sectors of activity: cosmetics, food processing, chemicals, and health care. Created in 1985, the company first focused on distributing packaging materials. Since 1998, it has been offering proactive and everyday solutions in the field of packaging and has adopted a global performance approach.

Objectives

- Plan for and ensure the company's longevity

- Develop in-house personnel resources while attracting and recruiting new talent

APPROACH

The company's reorientation strategy is the outcome of a detailed assessment initiated by the CEO and then disseminated through the Executive Committee. This strategy rallies the entire company behind a Global Performance approach: management becomes participatory, employees are treated as bona fide stakeholders, a new "win-win" philosophy is instituted with suppliers, only "green" products are proposed to clients, and the company plays a greater role in helping the community's underprivileged population segments.

The keys to success of this strategy include:

 - The CEO selects three operational executives to form an Executive Committee and proposes they join as company shareholders. Each member holds one vote regardless of capital share held.

This mode of governance stimulates the emergence of new competences.

 - Since 2005, in addition to the annual performance interview, each employee participates in a Career Path Interview every other year, leading to developing an Individual Training Action Plan.

 - Unifying values that have been adopted by all employees:

1. Self-purpose: skills and team spirit

2. Competence: professionalism and respect

 - All employees are motivated to attend the cross-disciplinary Steering Committee meetings, at which each person holds one vote.

CONTRIBUTION TO COMPANY PERFORMANCE

 

 

 

 - An innovative form of governance that encourages initiative-taking.

Benefits

-  Decisions made by a voting majority

- Training: Company commitment to exceed 6.5% of payroll

 

- Employee turnover rate < 2% p.a. over the past 5 years

 

- ERP (Enterprise Resource Planning) choices made by majority vote

 

Turnover
8,6 millions d'euros (2014)
Country
France

CVP Creative Vision of Packaging

Village des Voiles 1
99 rue de l’union, Bât C Entrée 1
59118 Wambrechies

cvp-packaging.com

Contact

Anaïs Lehembre

Direction Générale

This email address is being protected from spambots. You need JavaScript enabled to view it.

Mise à jour le 05/07/2019

Creative Commons Attribution This work by Réseau Alliances – World Forum Lille is licensed under a Creative Commons Attribution-Non Commercial-NoDerivs 3.0 Unported License.