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The US postal service saved by two Turks
Monday, May 7, 2007

With the new business model they have developed, management consultants �ağlar G�ğ�ş and Hamit Hamut�u have helped the United States Postal Service start making a profit after it had been losing $2 billion a year. In their own words, they �carry coal to New castle.� The duo is now working on a new business model for the Dubai free zone and projects to transform South African and Egyptian telecommunication.

CEYDA �AĞLAYAN
ISTANBUL - Referans


�ağlar G�ğ�ş and Hamit Hamut�u are two young management consultants. The U.S. Postal Service had been losing $2 billion a year up until 2001.When the duo were hired, the consultants developed a new business model for the firm, helping it to earn a profit of $800 million a year. Restructuring the postal service, which has the status of an autonomous public organization, the duo even managed to have a ruling passed in the United States Congress so that the organization can be freed of its current structure and assume a new identity. With this restructuring, the firm has been able to gain back market share it had lost to giants such as FedEx and UPS. It now operates on the business model that the two consultants have developed in 40,000 locations through the United States. The duo is now working on helping South African and Egyptian telecom operators' profit�



A $65 billion company

The U.S. Postal Service is an autonomous public establishment that had been losing money up until 2001. Even though the company is in the category of companies not expected to make a profit, a search for a solution began when the $ 65 billion company's yearly losses reached $2 billion. However, as the company was a public entity, it could not employ traditional means of cost cutting such as laying off employees and shrinking. At this point, it was decided to seek the help of a professional organization. The U.S.-based consulting firm Peppers & Rogers was entrusted with the reorganization of the U.S. Postal Service. However, when the business model suggested by Peppers & Rogers Istanbul Office founder Hamit Hamut�u was chosen, the project was given to the Istanbul office. Hamit Hamut�u and �ağlar G�ğ�ş were tasked with the management of the project.

http://www.turkishdailynews.com.tr/article.php?enewsid=72439