The Role of Sheldon Lavin in The Growth of OSI Group
The OSI Groups is considered to be an international premier foods provider, majoring in the supply of meat and meat products. The company was founded, by Otto Kolschowsky, in the year 1909. Through the years and with continued growth, it became a company named Otto& Sons. Today, the company is under the full ownership of Sheldon Lavin, who is also the President and Chairman of the company.
The History of Sheldon Lavin in OSI Group
The journey of Sheldon Lavin with the OSI Group began back in the year 1970. At the time, he owned a small investment company. His bank approached him wanting him to invest in the Otto & Sons Company. However, he was reluctant and instead offered to give consultation services. He worked closely with the company until the year 1975 when he decided to invest.
When Sheldon Lavin became one of the partners at OSI Group, he had noted that the company had big potential for international growth. Therefore, he decided to try the industry even when his business usually concentrated in the financial industry. He worked with the other three partners until the year 2004 when every partner bought out their shares, leaving Sheldon Lavin as the sole owner of the company.
Today, the company has grown to have outlets in over 17 countries of the world, employing over 200,000 employees. Indeed, the company has outdone itself. But, getting to this level has taken a lot of time and effort. To get to the top of industry, the company has to be ahead of its competitors in all aspects
One of the best strategies applied by Sheldon Lavin is local customization. The company customizes their products and services such that they fit the palates of the locals and also are compliant to their beliefs and laws. Also, the company thrives at employee retention. They focus on treating their people right so that they can retain their best talent. Also, so that they can treat their customers in the same way. In fact, employees are treated like family. Therefore, OSI group experiences a very low employee turnover.