This is a snippet of the transcript, sign up to read more.
I think that the brand structure, the way Johns Lyng promotes all their brands as being really independent of each other while still working together, whereas RE had everything roll up under one umbrella. Johns Lyng really treats them as different brands with different managers and different, essentially, owners through their partnership model and really holds people accountable in that way. I think that was another thing that was difficult for the RE people to fully appreciate, especially with the smaller brands. I was really there with the Express brand, which handles repairs under $30,000. Traditionally at RE, that was the department that was just seen as a necessary evil. Whereas for Johns Lyng, it was really a part of their strategy to start with the Express brand and small-time repairs and works to really establish themselves and prove that the model worked. They gave a lot of care and attention to the smaller end of the works, the things that could be done quickly. It became a volume game versus picking out a $150 million project. Shifting resources to support the lower end of the market was another thing that I faced a lot of resistance on. Trying to get more resources onto my team was a challenge.
This is a snippet of the transcript, sign up to read more.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.