Misty River Consulting has received a Silver Facilitation Impact Award, given by the International Association of Facilitators. This award illustrates how facilitation and collaborative techniques can make the difference between success and failure.
For the award winning project, MRC was contracted by the client to assist it improve the effective and efficient execution of their business model and ability to increase shareholder value through future iterations of the model.
The Facilitation Impact Awards celebrate the power of collaboration…
Kimberly Bain, Global Chair of the International Association of Facilitators (IAF)
“The Facilitation Impact Awards celebrate the power of collaboration,” says Kimberly Bain, Global Chair of the International Association of Facilitators (IAF). The IAF is the organisation behind the Facilitation Impact Awards. “We now have concrete proof that group facilitation and group process methodologies yield significant results. When we look at the metrics [shown in the submissions], we see higher levels of stakeholder buy-in, and now, for the first time ever, we can show measurable, impactful results!” she says.
In 2015, the IAF expanded the FIA programme from the 2013 inaugural North and South American programme to a global initiative. As a result, 2015 FIA nominations were submitted from organizations across the world. Out of the 42 facilitative initiative nominations received from businesses, governments, and not-for-profit organizations from around the world, 20 received awards: 1 Platinum, 9 Gold and 10 Silver.
“What’s also exciting were the different types of organisations and projects all demonstrating impressive results,” Ms. Bain continues. The results over the last three years reported by organizations included but were certainly not limited to the following:
- An effective strategy formed to deal with coastal erosion
- An increase in graduation rates from a professional graduate school from 72% to 82%;
- Increased in employee engagement scores from 72% to 92% in one year;
- $2 million dollar savings in the cost of money (financing costs);
- Increase in freshman applications significantly from pre Katrina Hurricane baseline;
- 45% reduction in the amount of time to initiate projects;
- New complex industry standard from a large and diverse set of stakeholders;
- Reduction in employee grievances by 50%;
- Over $200 million in new investments;
- An increase in equipment utilization from 28% to 92%;
- Reduction of process-turnaround-time by 40%;
- 79% reduction in the frequency of accidents;
- And, across almost every project, a set of intangible results that indicated an elevated level of self-esteem, confidence, attitudes, and effectiveness of those participating in these facilitative events.
A summary of the project:
The client’s management team with MRC’s assistance took approximately 16 months to achieve the results stated earlier in both a tangible and intangible fashion. Significant reductions in the cost of money for funding a development project, increases in the asset value of the company, and significant increases in private stock actual sales pricing were achieved in a highly quantitative fashion.
Other improvements ensure that the client will be positioned to growth its infrastructure and systems in an efficient and effective fashion as the business grows and development projects increase.
In addition, the improved communication and collaboration between company personnel will enable to respond and adapt to situations in a much more effective, non-reactive, and non-conflictual fashion.
Key results achieved include:
- Cost of money reduction of $2,000,000 during 2014
- Client’s asset value from 2013 value of 9,000,000 to 2015 value of 160,000,000
- Client’s private stock sales price from 2013 $1 per share to 2015 $5 per share
- Strategic Plan, Value Proposition, New Facility Development Procedure, and Scale Up mechanism in place
- The New Facility Development Procedure significantly impacted everyone’s roles and responsibilities within the client organization and resulted in much more alignment toward the things that add value to the organization.
- Construction funds source reliable and consistent through establishment of Private Equity Partners and Banking organization partners that allows for simplification of documentation, application and closing procedures, and time spent locating funding resources.