I was recently having a conversation with Jim Gitney, the CEO of Group50 Consulting and he was talking about the Inflection Point of one of his clients. The company is a 2nd generation manufacturer, who is in a significant growth mode. Mom and Dad still own a majority of the company, with 2 of their 3 children running the day-to-day activities. This company has hit an inflection point with its growth plans though. Their systems, people and processes are strained (more…)
It has been a wild ride the last 6 months and most companies have completed the first of three phases: Stabilize, Reconfigure, Recover. Strategic and tactical planning for the next 12-18 months will be critical for companies. Senior leadership teams need to focus on the Reconfigure stage and define how they will redefine their business models in preparation for the Recover phase. In the video below, Jim Gitney, the CEO of Group50 Consulting, discusses the key (more…)
We have been fortunate in that none of our family or close associates and friends that we know have gotten sick from COVID-19. As we sit at home attempting to construct some level of normalcy, I struggle with the magnificent failure of a system that is incapable of meeting the needs of its citizens. A system that has prioritized economics over public health. While the government, in record time, is pumping trillions of dollars into the economy to stop financial Armageddon, it has failed to put (more…)
Group50 sponsored this webinar which focuses on Recession Planning and Fine Tuning a company’s business plan in turbulent times. Subject matter experts in Finance, Leadership and Operations discussed best practices and the Do’s and Don’ts they learned during their corporate and consulting careers and multiple economic cycles with hundreds of companies ranging from start-ups to Fortune 100 companies such as GE, Black & Decker, Deloitte, Underwriters Laboratories and (more…)
We are in a recession as declared by multiple well known business and financial leaders in a recent Forbes article. I completely agree and believe that this will parallel the financial crisis of 2009. Given that this atypical recession is here with unprecedented speed, Group50 has put together a Recession Planning Workshop that is designed to provide senior leaders and stakeholders with a full view of the inherent recession risk in a company. The workshop has an elapsed time of 1-2 (more…)
Happy Thanksgiving to you and your family. At Thanksgiving, we take the time to stand back and realize how many things we have to be thankful for. Thanksgiving is about connecting those dots. (more…)
Companies have many different processes for strategic planning and strategic execution. These processes are designed to move a company from its current state to a predefined future state. Irrespective of a company’s size, (more…)
February 11, 2019 – (Upland, CA) – Group50, a privately-held, full-service supply chain consultancy founded in 2004 is pleased to recap its 2018 results and announce the addition of Lara Abrams to its team of executives. (more…)
In consumer businesses, the answer is “Absolutely!” But what about in business-to-business (“B2B”) categories? If you type into your favorite search engine, “Do B2B brands matter?” it will surface a number of research-backed articles that emphatically declare, “Yes!” The skeptic might challenge, however, “Sure, if I’m Intel or some other mega-budget giant in a high profile category.”
What is all this hype about Management vs. Leadership? Everyday we are bombarded with information on the differences between them, the benefit of one over the other and the necessity to be great at both. Everyone wants to be known as the “great leader,” but does anyone want to be known as a great manager and what happens if you drop the management ball?
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