In the spirit of Thanksgiving, I am grateful to Dave Bookbinder for having me on his podcast: “Behind the Numbers” to discuss my book, but more importantly to discuss a simple approach to developing and implementing business strategy, which has yielded great results in dozens of companies over the last 10 years. Even if you have a strategic planning and implementation process …Read More

Continuous Improvement is a fundamental concept in the world of Lean and Agile methodologies. It revolves around the idea of constantly striving for excellence, optimizing processes, and enhancing overall efficiency. In this article, we will explore the core principles of Continuous Improvement, the continuous service improvement process, its components, and how to create an environment of continuous improvement. We will also delve into the importance of adopting a continuous improvement mindset. …Read More

I wanted to let you know that I will be doing a live webinar with Lorman on 11/07/2023 at 1 PM EST. The subject is “Building Effective Procurement and Supply Chains Using Data Analysis”.

Please join us and you can receive ISM CPSM, CPSD or C.P.M. and CPE education credits. If you send a note to info@group50.com, I will send you a discount code. …Read More

As leaders, we all know that good enough doesn’t cut it. But in today’s lean and remote organizations, teams tend to accept “Good Enough”, which checks the box so that they can move on to the next critical issue in the business. It is a potential trap that can lead to mediocrity and subpar performance.  It can create: …Read More

Group50 Consulting is a US based distribution and manufacturing company that specializes in significantly improving performance and profitability across a company’s supply chain. They have a team of experienced consultants with a deep understanding of manufacturing and distribution across many industries. Group50 offers a wide range of consulting services, including:

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In an increasingly interconnected world, efficient supply chain management has become the backbone of successful businesses. Whether you operate in the realm of manufacturing, retail, or services, optimizing your supply chain is paramount to sustaining a competitive edge.

What is Supply Chain Consulting and What do Supply Chain Consultants do?

Supply chains are generally defined as encompassing all value-added activities that create and sustain a product or service through post sale end of life. Optimizing this complexity often requires subject matter experts that the company doesn’t have on staff. This is where Group50 Supply Chain Consultants step in, providing subject matter experts who have invaluable insights and strategies to enhance supply chain performance. In this comprehensive article, we will delve into Group50’s expertise, focusing on five key aspects: supply chain management, cost reduction, strategies to fix broken supply chains, globality and technologies that can transform your business.

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Introduction

Strategic planning is an essential process that organizations undertake to define their long-term goals, allocate resources effectively, and adapt to changing environments. As businesses and institutions navigate increasingly complex markets, most companies do not have the requisite skill sets to fully develop and implement a strategic plan.  This article provides a comprehensive guide to strategic planning, the role of strategic planning and management consultants and details their significance, responsibilities, skills required, and the strategic planning and execution process they follow.

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In the intricate web of modern business, a well-designed supply chain is the linchpin of success. An effective supply chain isn’t merely a series of processes; it’s a strategic framework that optimizes efficiency, reduces costs, and enhances customer satisfaction. Here are the critical elements that contribute to the creation of a seamless and high-performing supply chain. …Read More

In today’s global marketplace, the efficiency of a company’s supply chain can make all the difference between success and failure. Supply chain consulting has emerged as a vital resource for businesses seeking to streamline their operations, enhance customer satisfaction, and gain a competitive edge. It is critical …Read More

Leaders are always challenged with improving the productivity of their business. Historically, productivity has been thought of as improving the output of people in the organization. But productivity is about realizing more with less:  Fewer people, less overhead cost, less working capital, and various other measures. My view is that the productivity of your business is really measured in terms of $ of revenue/ $ of cost. The higher the number, the better your productivity. Productivity isn’t just about people anymore. It is about people, systems, and processes throughout your business: Back office, supporting functions, sales, marketing, product development, the shop floor and throughout the supply chain. The productivity cycle below is applicable to any business process.

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Productivity is down over the last two years and continuing to decline

• 66% of employees feel do not feel engaged.
• 80% of strategies don’t realize their intended value.
• 60% of CEO’s don’t believe their team does a good job of implementing strategy.

These are compelling numbers that all business leaders should take note of. These numbers are …Read More

Having a business strategy is important, but if it is not communicated properly and all stakeholders aren’t engaged, then what is the point?

In this podcast, Craig Smith and I discuss strategic intent in his podcast, The Big Picture People and how to use Strategy Realized – The Business Hierarchy of Needs® as a communication and engagement vehicle. I hope you enjoy it. If you want to find out more about applying the Business Hierarchy of Needs® to your business and significantly improve your strategic results, feel free to send a note to info@group50.com or request more information here.

Please join the west coast chapter of the International Association of Strategic Planners and I on the 19th of April where we will talk about how to apply the Business Hierarchy of Needs® framework to improve the results of developing and implementing strategy.

The presentation will be based on my recently published book: Strategy Realized – The Business Hierarchy of Needs®.

What mistakes are leaders making when it comes to developing and implementing strategy? 

No MBA is necessary to listen to this episode on The Business Hierarchy of Needs® with Jim Gitney, just an intense interest in stakeholder alignment, employee engagement and increased profitability.

Learn from a master about the Business Hierarchy of Needs(R) framework as described in Jim’s book, “Strategy Realized: The Business Hierarchy of Needs®” . …Read More

With the recent downturn in productivity across corporate America and the significant increase in remote work, Host Andrew Bartolotta sits down with Jim Gitney, CEO of Group50 Consulting and author of Strategy Realized – The Business Hierarchy of Needs, where Jim discusses ways to significantly increase employee engagement in the development and implementation of business strategy through his patented framework. …Read More

If you’ve ever had a strategic initiative fail at your organization and thought to yourself, “What am I doing wrong as a leader?” this episode is for you. The truth is, most leaders end up with several failed strategies under their belt. The trick is to stop making the same mistakes and lean into some best practices for strategic planning that actually work. There’s no one better to teach leaders how to build that foundation and grow through strategy than our latest guest. Jim Gitney, the Founder and CEO of Group50® Consulting has 45 years of corporate and consulting experience working with over 200 companies in guiding them toward double-digit top line and bottom line growth. Listen to the full conversation for more on the top mistakes business owners make when it comes to successful strategic initiatives, what the “Business Hierarchy of Needs®” is (and what CEOs can learn from it), the downsides of having too many goals, how to align compensation structures in a way that encourages forward motion on your strategic initiatives, and much more. Here’s a Glimpse of What You’ll Learn: …Read More

• Productivity is down over the last two years and continuing to decline.

• 66% of employees do not feel engaged.

• 80% of strategies don’t realize their intended value.

• 60% of CEO’s don’t believe their team does a good job of implementing strategy.

These are compelling numbers that all business leaders should take note of. These numbers are worse today with the significant shift to remote work in the post pandemic workforce. Are these numbers a result of poor strategic plans? In some cases, yes, but in the majority of cases, it is the result of a poor implementation and engagement processes. During my 45-year career, I have seen that poor implementation is because of a lack of focus on people and organization – the bridge between strategy and results. …Read More

I had the honor of presenting to the IERG (International Executive Resource Group) my take on implementing strategy in a post pandemic environment. Productivity in the US is down significantly over the last two years for many reasons. During this interactive presentation with the attendees, I discuss how to apply the Business Hierarchy of Needs® to fully engage all stakeholders, including the remote workforce, in the development and implementation of business strategy. Numbers put together by GALLUP for my book “Strategy Realized – The Business Hierarchy of Needs®”, suggest that companies who follow this model can realize significant improvements in productivity, absenteeism, turnover and productivity. …Read More

• Jim Gitney joins our host of the Accelerate Your Business Growth, Diane Helbig, to share his thoughts around the importance of fully engaging all stakeholders in the implementation of strategy through the use of the Business Hierarchy of Needs framework as well as developing and implementing strategy based on one – Most Important Goal (MIG)
  

  https://www.helbigenterprises.com/podcast/episode/1a1e1dc2/turning-strategy-into-results

   

  Jim Gitney has over 45 years of senior level experience in world class companies ranging from start-ups to Fortune 50. He founded Group50® Consulting in 2004 and has worked with over 200 companies formulating and implementing strategy. He has extensive experience in running large global operations and working with boards, business owners and executives on developing and implementing transformative strategic initiatives including Growth, lean management business process reengineering and sustainable continuous improvement initiatives.

• Strategy Realized – The Business Hierarchy of Needs®, a book written by Jim Gitney, the CEO of Group50® Consulting that outlines the full discussion from this podcast can be purchased here on Amazon.

Jim Gitney joins our host, Diane Helbig, to share his thoughts around the importance of fully engaging all stakeholders in the implementation of strategy through the use of the Business Hierarchy of Needs framework as well as developing and implementing strategy based on one – Most Important Goal (MIG) …Read More

• Development of one Most Important Goal
• Creation of business strategies to support it
• Full engagement of stakeholders
• Application of Value Stream Mapping to close operating and strategic gaps
• Identification of an increase of $105M in Enterprise Value

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1. Identified $4.9M in process improvement savings, a 17% productivity improvement
2. Increased throughput between 25 and 100%
3. Increased First Pass Yields between 15 and 60%
4. Redesigned multiple workstations and processes …Read More

1. 1. Identified large growth opportunity in a downward market.
   2. Market study on how to differentiate in the market through supply chain.
   3. New business and supply chain strategies.
   4. Defined strategies for leveraging installed base.

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1. Business Growth Accelerator Podcast – Isar Meitis
   • Defining a cohesive business strategy is not easy, but implementing it is even harder. After successfully implementing business strategy in major companies, Jim Gitney perfected the process and wrote a book about it – “Strategy Realized – The Business Hierarchy of Needs – Turning Strategy Into Results”. In this fascinating interview, Jim shares a detailed blueprint on how to successfully implement business strategy. He developed a concept he calls the Business Hierarchy of Needs® (the business parallel to Maslow’s Hierarchy of needs). This is a highly practical episode with a step-by-step process you can follow, with great examples and powerful business concepts.

About Jim Gitney:  Jim Gitney is the CEO and Founder of Group50^® Consulting, and the author of “Strategy Realized – The Business Hierarchy of Needs®” which summarizes a framework for creating a business that leverages topics in this article. (You can find out more about the book and acquire a copy by clicking on the image to the right).

Founded in 2004, Group50®consulting is focused on working with middle market companies to significantly improve their productivity by leveraging people, process and technology as part of a company’s strategic plan.  Group50® consists of consultants who have spent their careers in corporate America learning how to optimize businesses.  We specialize in working with senior leaders to develop and implement strategies that accelerate top line and bottom-line performance.

Strategic thinking, operational excellence, continuous improvement, and employee engagement have many things in common. They are all driven by a core set of inextricably linked operating principles. They: …Read More