3 Ways to Increase Service Revenue with Clients Utilizing The Business Hierarchy of Needs®

As consultants and advisors our mission is to provide services to our clients that help them resolve issues in their business, positively impact their business performance and improve their corporate Culture. By taking a holistic view, we can increase the breadth of our services which will increase both short term and long-term revenues. Often, it isn’t obvious to us what the potential broader impact of our work is, or how our services can be broadened to have a greater impact. By considering the elements of the Business Hierarchy of Needs^®, we can optimize our efforts with laser sharp focus on fixing client issues, improving client performance, and increasing the scope of our work. The Business Hierarchy of Needs^®, a change management framework shown below,
(more…)

Question: Does your company have an opportunity to streamline business processes and staffing?

Answer: Every company has the opportunity to streamline business processes and staffing, regardless of what the economy is doing.

In every business we have worked with over the last 20 years, (more…)

This is a section from my book:  “Strategy Realized – The Business Hierarchy of Needs®” which was released on 1/9/2023 (Buy Now) and will be available as a hardcover on 2/9/2023. You may want to refresh your knowledge of the Business Hierarchy of Needs® before reading on or just take a moment to study the image below to better understand this framework that is designed to turn strategy into results by taking a close look at the image.

(more…)

Lean Supply Chains, while still important are not robust enough to meet the needs of today’s global supply chain requirements. Jim Gitney, the CEO of Group50 Consulting, discusses new requirements and methods for Lean Supply Chain Management and introduces the Supply Chain Hierarchy of Needs ™ as a guide to implementing Lean and Agile supply chain (more…)

Is picking the right manufacturing location purely an objective exercise or is it subjective as well? The answer is yes to both. The objective side clearly affects your P&L, while the subjective side effects the risk to your P&L. In choosing the right manufacturing location it is important to do the analysis with 4 key objectives in mind. They are as follows: (more…)

The economy is troubling everyone again.  It is unclear how deep the recession is going to be, but it is obvious that demand is declining and many of our clients are continuing to see supply chain issues. I expect to see another lead and lag between demand and supply over the next 8-12 months, so here we go again.

You and your team are probably trying (more…)

Supply chains are the heart and arteries that drive a company’s strategic success.  From raw materials through the full life cycle of the product or service, lean supply chains have constantly changing requirements and have been significantly challenged with the frequency of massive disruptions.  The Supply Chain Hierarchy of Needs™ provides a framework for (more…)

These statistic from Boardview.io should cause pause to all senior leaders:

“80% of leaders feel their company is good at crafting strategy but only 44% at its implementation”

To make matters worse, they also report:

10% of organizations achieve at least two-thirds of their strategy objectives, with 36% achieving between 50%-67% and 54% achieving less than 50%

I have no reason to doubt these statistics based on what we see in our consulting work. The primary reasons for this are: (more…)

Whether we want to call this a recession or just unfortunate circumstances, I think that we can all agree that business is being disrupted yet again by external factors beyond management’s control.  Interest rates are up, sales are down and inflation is above 8%. Amazon, Tesla, Wells Fargo, Coinbase, Salesforce, Meta and Netflix are a few of the more well-known companies announcing layoffs.  Financial indicators (more…)

90% of companies do a poor job executing their strategy 

The Business Hierarchy of Needs® and and Strategy 5.0™ are part of Group50’s suite of strategic planning and execution tools.  In this 20 minute video, Jim Gitney, the Founder and CEO of Group50, summarizes how the Business Hierarchy of Needs®, a change management framework, can be used by Boards of Directors and senior leadership teams (more…)