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Digital Technology Consulting: Navigating the Digital Landscape
  • Digital Technology Consulting: Navigating the Digital Landscape

    Staying competitive and relevant are two key issues on the minds of senior leaders and boards of directors. The rapid evolution of technology plays a pivotal role in addressing these two issues. To successfully navigate the digital landscape, leadership teams turn to digital technology consulting firms like Group50® Consulting. They do so to …Read More

    This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Strategic Execution 5.0 ™, on February 19, 2024
  • 5 Things That Keep C-Suite Leaders Up at Night

    C-Suite leaders often have sleepless nights. We are so committed to the success of our company that we worry about critical issues facing it. Here are 5 things that are keeping up the executives we are working with. …Read More

    This entry was posted in Business Transformation, Market Effectiveness, Supply Chain Optimization, Talent Management, Total Cost of Ownership, on February 11, 2024
  • 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
  • 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
  • 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
  • Cost Takeout as a Strategy

    There is a significant difference between Cost Reduction and Cost Takeout. All companies should have cost reduction as part of their business strategies. It only makes good sense. At one time or another, just about every C-suite and boardroom has had the discussion regarding Cost Takeout as a Strategy.   Continuous Improvement and Lean Business concepts tell us that there are always ways to take out cost and those tools do a good job of reducing cost gradually.  Cost takeout as a strategy is a completely different approach. The first thing is to make sure that everyone is clear on what a cost takeout strategy really is.  Let’s start with what it isn’t.

    It is not: …Read More

    This entry was posted in Business Transformation, Cost Takeout, Information Technology, Strategy 5.0, Supply Chain Optimization, on March 2, 2022
  • Five Things You Need To Do To Drive Continuous Improvement – Introduction

    Change happens. Every business environment requires continuously changing strategies, processes, tools and skills. Implementing a Continuous Improvement program is one way a company can harness their response to change and create competitive advantage. As companies launch Continuous Improvement programs, they need to have a plan. Effective programs require the following 5 elements leading to successful and sustainable …Read More

    This entry was posted in Business Hierarchy of Needs®, Business Transformation, Continuous Improvement, Driving Continuous Improvement Series, Global Initiatives, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on February 19, 2022
  • Industry 5.0, People – Process – Technology – Cobotics

    The implications of Industry 5.0 and the Internet of Everything ( IoE ) are not fully understood by leadership teams.  How to get there is a larger challenge.  It needs to be a strategic discussion in the board room and in the C-Suite.  Its impact, while seemingly obvious is not! Technology …Read More

    This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, on February 15, 2022
  • Industry 5.0 – IoT and Blockchain – An Application Case Study – Flight Safety Parts

    A lot has happened since the creation of blockchain in 2009, including the great hype of 2014-2017, when hundreds of books were written and blockchain was continuously in the news – At that point, more of a fantasy than a practical business reality.  Over the last few years, blockchain systems have matured and are going mainstream with companies now accepting cryptocurrencies for payments, issuing fungible tokens for digital assets, and notable companies such as Maersk, IBM, Walmart, and others having implemented blockchain in their supply chains.  Just as the internet was in its infancy in the late 90’s, …Read More

    This entry was posted in Blockchain IoT, Business Transformation, Case Studies, Information Technology, Manufacturing and Distribution, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, Supply Chain Optimization, on January 28, 2022
  • Digital Transformation Case Study – Inflection Point

    • $6M in annual savings
    • $15M in future cost avoidance
    • $2+M working capital reduction
    • 900% ROI
    • Reduced new product cycle times from weeks to days

    …Read More

    This entry was posted in Business Transformation, Case Studies, Inflection Point, Manufacturing and Distribution, Market Effectiveness, Strategy 5.0, on October 17, 2021

Strategy Realized – The Business Hierarchy of Needs

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