Group50® Insights

Group50® Insights

  • Podcast: Applying the Business Hierarchy of Needs® to Increase Employee Engagement with Jim Gitney
    By: Admin

    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

    This entry was posted in Business Hierarchy of Needs®, Podcasts, Strategic Execution 5.0 ™, Strategy 5.0, on March 23, 2023
  • Podcast: How to avoid common mistakes with your business strategy, with author Jim Gitney
    By: Admin

    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

    This entry was posted in Business Hierarchy of Needs®, Podcasts, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, Strategy Realized - The Business Hierarchy of Needs®, on March 21, 2023
  • The Engagement Dilemma with the Post Pandemic Workforce
    By: Admin
    • 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

    This entry was posted in Organizational Development, Strategy 5.0, Strategy Realized - The Business Hierarchy of Needs®, on March 16, 2023
  • Implementing Strategy in a Post Pandemic Environment
    By: Admin

    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

    This entry was posted in Business Hierarchy of Needs®, Organizational Development, Strategy 5.0, Strategy Realized - The Business Hierarchy of Needs®, on March 4, 2023
  • Turning Strategy Into Results Podcast with Jim Gitney and Diane Helbig
    By: Admin
    • 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.
    This entry was posted in Business Hierarchy of Needs®, Podcasts, Strategy Realized - The Business Hierarchy of Needs®, on February 22, 2023
  • Engage Employees on One Most Important Goal
    By: Admin

    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

    This entry was posted in Business Hierarchy of Needs®, Podcasts, Strategic Execution 5.0 ™, Strategy Realized - The Business Hierarchy of Needs®, on February 20, 2023
  • Case Study:  Application of the Business Hierarchy of Needs® to Strategic Planning
    • 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

    …Read More

    This entry was posted in Business Hierarchy of Needs®, Business Transformation, Case Studies, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, Value stream mapping, on February 11, 2023
  • Manufacturing – Process Value Stream Case Study
    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
    This entry was posted in Case Studies, Continuous Improvement, Manufacturing and Distribution, Value stream mapping, on January 26, 2023
  • Supply Chain Strategy – Case Study
      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.

    …Read More

    This entry was posted in Case Studies, Manufacturing and Distribution, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, on January 24, 2023
  • Business Growth Accelerator Podcast – Isar Meitis
    By: Admin
    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 peopleprocess 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.

    This entry was posted in Business Hierarchy of Needs®, Podcasts, Strategic Execution 5.0 ™, Strategy 5.0, on January 24, 2023
  • What do Strategic Thinking, Operational Excellence, Continuous Improvement, and Employee Engagement Have in Common?

    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

    This entry was posted in Business Hierarchy of Needs®, Continuous Improvement, Strategy 5.0, Strategy Realized - The Business Hierarchy of Needs®, on January 21, 2023
  • What are the 5 Phases of Lean Deployment?

    Transform Your Business with Lean Deployment

     

    Achieve Maximum Efficiency, Reduce Waste, and Drive Continuous Improvement

    Lean ManagementAre you looking to streamline operations, boost productivity, reduce waste, and improve profitability? A properly executed Lean Deployment can revolutionize
    the way your business operates—helping you achieve more with fewer resources.

    At Group50® Consulting, we specialize in guiding businesses through a structured, results-driven Lean Deployment that engages employees, vendors, contract workers, 3rd party providers, and customers—ensuring long-term, sustainable success.

    What is Lean Deployment?

    Lean Deployment is more than just implementing tools—it’s about transforming company culture to focus on efficiency, quality, and continuous improvement. Lean Principles help businesses:

    Eliminate waste – Identify and remove bottlenecks and delays.
    Improve quality – Build in efficiency and accuracy from the start.
    Enhance customer value – Ensure processes align with customer needs.
    Foster a culture of improvement – Empower employees at all levels to contribute.
    Increase profitability – Reduce operating costs and optimize resource use.
    Drive agility and responsiveness – Create a business that adapts quickly to change.

    The ultimate goal? To create more value for customers while using fewer resources.

    The 5 Phases of a Successful Lean Deployment

    At Group50®, we guide organizations through a proven five-phase Lean Deployment process based on the DMAIC methodology:

    Exploration

    • Define your Most Important Goal (MIG) and strategic objectives.
    • Assess current operational gaps, inefficiencies, and opportunities.
    • Conduct Lean Business and Lean Manufacturing Assessments to create a customized plan.

     

    Establishing the Foundation

      • Provide targeted Lean training for leadership and stakeholders.
      • Identify and launch early-stage Lean projects with visible impact.
    • Introduce Kaizen, Value Stream Mapping, and the Brown Paper Exercise to build momentum.

     

    Expansion and Focus

    • Scale Lean Deployment across different departments and business functions.
    • Introduce more complex Lean tools (Six Sigma, Kanban, 5S, Statistical Process Control, etc.).
    • Develop standardized Lean processes for long-term sustainability.

     

    Integration and Reinforcement

    • Align Lean Deployment with company-wide strategies and KPIs.
    • Build a Lean governance structure with designated champions.
    • Foster a culture of accountability and ownership.

     

    Reinforcement and Momentum

    • Monitor progress and track ROI on Lean initiatives.
    • Continue Just-in-Time (JIT) training for ongoing improvements.
    • Ensure Lean becomes part of your corporate DNA—not just a one-time project.

     

    Why Group50®? A Smarter Approach to Lean Deployment

    A successful Lean Deployment requires planning, education, and leadership commitment. Without a structured approach, Lean can become just another “flavor of the month” initiative that fades away.

    Our Approach Ensures Long-Term Success

    Strategic Alignment – We align Lean Deployment with your business goals and Most Important Goal (MIG).
    Customized Training & Tools – Our Lean experts provide targeted training that meets your organization’s specific needs.
    Change Management Framework – Using Group50’s Business Hierarchy of Needs®, we help drive lasting organizational change.
    Hands-On Support – We guide your team through every phase of the Lean process—from initial assessment to full implementation.
    Measurable Results – Our structured deployment ensures tangible ROI and sustained process improvements.

    Real-World Results from Group50® Clients

    A global manufacturer implemented Lean with Group50® and reduced operating costs by 20% in 12 months.
    A logistics company optimized its workflow and improved order fulfillment by 35%.
    A healthcare services provider streamlined operations and saved $2.5M annually by eliminating inefficiencies.

    What could Lean Deployment do for your business?

    Get Started with Lean Deployment Today

    Lean Deployment isn’t just about process improvement—it’s about transforming how your business operates.

    📞 Call our Lean Business and Manufacturing experts today: +1 (626) 644-9746
    📩 Email us at info@group50.com

    Schedule a Meeting with our Subject Matter Expert

     

    Group50® – Helping Businesses Achieve Excellence, One Process at a Time.

     


     

    About the Author:  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 successful Lean Deployment strategy and demonstrates the results of Value Stream Mapping and the Brown Paper Exercise successfully (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 peopleprocess and technology as part of a company’s strategic plan. Lean Business, Lean Manufacturing, business process improvement and process reengineering are Group50® specialties. 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 programs that leverage people, process and technology to optimize business performance.

    This entry was posted in Continuous Improvement, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on January 16, 2023
  • What is Kaizen? – An Overview
    Kaizen is a process improvement methodology where stakeholders (customers, suppliers, employees and contract workers) at every level work together to implement process improvements at the business level and on the shop floor.  These improvements may be …Read More
    This entry was posted in Continuous Improvement, Value stream mapping, on January 13, 2023
  • 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,
    …Read More

    This entry was posted in Business Hierarchy of Needs®, on December 23, 2022
  • Streamlining Operations in Preparation for the FUTURE

    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, …Read More

    This entry was posted in Cost Takeout, Manufacturing and Distribution, Organizational Development, Value stream mapping, on December 14, 2022
  • Application of the Business Hierarchy of Needs®

    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.

    …Read More

    This entry was posted in Business Hierarchy of Needs®, Strategy Realized - The Business Hierarchy of Needs®, on October 21, 2022
  • Lean Supply Chain Management – 2022 and Beyond – Supply Chain Hierarchy of Needs ™
    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 …Read More
    This entry was posted in Business Hierarchy of Needs®, Business Transformation, Supply Chain Hierarchy of Needs, on August 25, 2022
  • Objectively Picking The Right Manufacturing Location
    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: …Read More
    This entry was posted in Manufacturing and Distribution, Mexico, Supply Chain Optimization, Total Cost of Ownership, Weekend Thought, on August 11, 2022
  • Using the Supply Chain Hierarchy of Needs ™ to Plan Next Steps

    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 …Read More

    This entry was posted in Business Hierarchy of Needs®, Business Transformation, Organizational Development, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, on August 11, 2022
  • Supply Chain Hierarchy of Needs™

    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 …Read More

    This entry was posted in Business Hierarchy of Needs®, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, on August 9, 2022
  • Strategy Realized – The Business Hierarchy of Needs® – Talent Optimization

    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: …Read More

    This entry was posted in Business Hierarchy of Needs®, Organizational Development, Strategic Planning 5.0, Strategy 5.0, Talent Management, on July 26, 2022
  • 8 Things You Need for Recession Planning – Making the Right Choices Now

    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 …Read More

    This entry was posted in Cost Takeout, Global Initiatives, Strategic Planning 5.0, Supply Chain Optimization, on July 8, 2022
  • Video Explanation of the Business Hierarchy of Needs®

    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 …Read More

    This entry was posted in Anti-Strategy, Business Hierarchy of Needs®, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, on April 18, 2022
  • Strategy 5.0™ – Defining the Appropriate Organization Design for a Digital Future

    “𝑰𝒕 𝒊𝒔 𝒕𝒊𝒎𝒆 𝒇𝒐𝒓 𝒂 𝒑𝒂𝒓𝒂𝒅𝒊𝒈𝒎 𝒔𝒉𝒊𝒇𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒂𝒚 𝒘𝒆 𝒍𝒐𝒐𝒌 𝒂𝒕 𝒕𝒉𝒆 𝒐𝒓𝒈𝒂𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆𝒔 𝒕𝒉𝒂𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒅 𝒕𝒐 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍𝒍𝒚 𝒍𝒆𝒂𝒅 𝒂 𝒄𝒐𝒎𝒑𝒂𝒏𝒚 𝒕𝒐 𝒂 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒇𝒖𝒕𝒖𝒓𝒆.”

    I just published an article on LinkedIn on the Appropriate Design for a Digital Future.  You can read it here.  For those of you who want a Schaum’s outline version, here we go.

    Today’s functional organization structure is no longer appropriate for serving the digital future.  Business processes are horizontal, not vertical.  So, as part of Group50’s approach to Strategy 5.0™, we are proposing that companies be organized in the following …Read More

    This entry was posted in Business Hierarchy of Needs®, Organizational Development, Strategy 5.0, on April 3, 2022
  • Cost Takeout as a Strategy

    Cost Takeout vs. Cost Reduction: A Strategic Approach to Maximizing Profitability


    Cut Costs the Right Way—Without Sacrificing Business Growth

    Every company looks for ways to reduce costs, but not all cost-cutting strategies are the same.

    cost takeoutAt Group50® Consulting, we specialize in Cost Takeout as a Strategy—a comprehensive, multi-phase approach that eliminates unnecessary expenses while optimizing business performance.

    Unlike short-term cost reduction projects, Cost Takeout is a structured business transformation initiative that restructures operations, redefines strategy, and enhances long-term profitability.

    What Cost Takeout IS NOT

    Before we dive in, let’s clarify what Cost Takeout isn’t:

    A one-time cost reduction project – Cutting costs in a single product, process, or activity is not a strategic approach.

    Continuous Improvement (CI) – CI helps reduce costs incrementally over time. Cost Takeout is an immediate, high-impact initiative.

    A short-term fix – True Cost Takeout fundamentally reshapes your organization for long-term profitability.

    If your leadership team is thinking about a bold move to optimize your cost structure, you need a structured and strategic approach—not just another cost-cutting exercise.

    The 3 Phases of a Successful Cost Takeout Strategy

    A well-executed Cost Takeout program follows three critical phases, each designed to eliminate inefficiencies, optimize resources, and enhance profitability.

    Phase 1: Strategy Definition

    • Clarify the Most Important Goal (MIG) – Define the overarching business objective that will guide all cost takeout decisions.
    • Develop cost takeout strategies and success metrics – Establish key performance indicators (KPIs) to track progress.
    • Create a Cost Takeout Steering Committee – Align leadership and cross-functional teams for maximum impact.
    • Design the Cost Takeout Assessment Roadmap – Map out areas of opportunity and prioritization.
    • Assign specialized assessment teams – Identify experts who will drive cost takeout initiatives across the organization.

    Phase 2: Near-Term Cost Takeout – Assessment & Analysis

    In this phase, we identify areas where costs can be reduced without harming business performance:

    • Resource redundancies – Optimize roles and eliminate duplication.
    • Overhead and fixed costs – Streamline expenses to improve profitability.
    • Marketing and advertising ROI – Identify high-impact channels and cut underperforming initiatives.
    • Software and hardware costs – Evaluate IT investments and eliminate waste.
    • Supply chain costs – Reduce purchased materials expenses and renegotiate contracts.
    • Unprofitable products/customers – Exit low-margin areas to focus on profitable growth.
    • Geographic footprint – Assess real estate, distribution, and expansion strategies.
      Organizational design – Ensure the right structure and skillsets are in place.

    By the end of Phase 2, leadership will have a clear roadmap for optimizing business operations, reducing costs, and enhancing profitability.

    Phase 3: Long-Term Implementation & Business Transformation

    This phase focuses on sustainable cost optimization and strategic business transformation:

    Redesign the business model – Optimize operations for long-term efficiency.
    Reallocate resources to mission-critical initiatives – Invest in areas that drive growth and differentiation.
    Outsource non-core activities – Partner with vendors who can handle non-essential functions at a lower cost.
    Rationalize product & service offerings – Focus on the most profitable mix.
    Leverage digital transformation – Use technology and automation to drive efficiency.
    Reorganize & restructure – Align teams and functions with the company’s long-term vision.
    Renegotiate vendor contracts – Secure lower total cost agreements and improve supplier relationships.
    Revamp inventory management & supply chain footprint – Reduce waste and optimize logistics.

    This phase ensures that cost savings don’t just happen once—they become a permanent part of the company’s financial structure.

    Why Cost Takeout is a Strategic Business Transformation

    Many companies implement cost reduction efforts, only to see costs creep back up within months. Why?

    Because most cost-cutting efforts don’t address the root cause of inefficiencies.

    A successful Cost Takeout strategy requires:
    Full commitment from leadership – This is not a side project—it’s a company-wide initiative.
    A holistic, “Wall-to-Wall” approach – Every function and department must be aligned with the cost takeout plan.
    A clear Most Important Goal (MIG) – Every decision must be tested against the company’s strategic objectives.
    A structured methodology – Cost takeout must be systematic, data-driven, and results-focused.
    A well-designed change management strategy – Without proper execution, cost savings won’t stick.

    Group50’s Business Hierarchy of Needs® ensures that cost takeout strategies align with broader business goals—delivering sustainable, long-term impact.

    Why Now? The Urgency of Cost Takeout in Today’s Business Climate

    • Recent economic shifts have forced companies to rethink their business models:
    • Scaling down during economic downturns.
    • Rapid expansion during recoveries.
    • Now—normalizing business performance in a new market reality.

    Companies that act NOW will position themselves for stronger profitability, greater resilience, and long-term competitive advantage.

    But getting it right requires expert guidance.

    Work with the Experts in Cost Takeout Strategy

    At Group50® Consulting, we have perfected the art and science of Cost Takeout. Our proven methodology has delivered double-digit profitability improvements for clients across industries.

    • We help companies make the right cost takeout decisions.
    • We design customized programs that minimize costs while optimizing strategic performance.
    • We work alongside your team to ensure seamless implementation.

    Get Started Today—Maximize Profitability with Group50®


    Cost Takeout isn’t just about cutting costs—it’s about building a leaner, more profitable, and strategically optimized business.

    📞 Call a Group50® Cost Takeout Expert today at +1 (626) 644-9746
    📩 Email us at info@group50.com


    Schedule a Meeting with our Subject Matter Expert

     

    Group50® – Helping Companies Achieve Sustainable Profitability Through Smart Cost Takeout Strategies.

     

    About the Author:  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 successfully defining and implementing transformational strategies such as cost takeout (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 peopleprocess and technology as part of a company’s strategic plan.  Restructuring and Cost Takeout in manufacturing are Group50® specialties.  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 programs that leverage people, process and technology to optimize business performance.

    This entry was posted in Business Transformation, Cost Takeout, Information Technology, Strategy 5.0, Supply Chain Optimization, on March 2, 2022

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