We have often heard middle market client executives say, ‘We continue to spend a lot of money on our IT Infrastructure, but how do we know that we are getting our money’s worth? Are our existing technology and software investments effectively meeting our current needs? Are our IT/IS platforms serving the company’s current life cycle needs and are they …Read MoreThis entry was posted in Company Physical, Information Technology, Manufacturing and Distribution, on August 12, 2017
Many have long considered Continuous Improvement activities mostly relevant to manufacturing and related operational functions.
However, continuing competitiveness and growth in market share is built upon a steady, progressive march forward in all areas of a business. And since a company’s Market Effectiveness activities and functions (shown below) are the most market-oriented and customer-intimate parts of a business, effective Continuous Improvement efforts are …Read MoreThis entry was posted in Company Physical, Continuous Improvement, Market Effectiveness, Weekend Thought, on July 3, 2015
Working capital, cash flow and operating profits are primary measures of senior leadership performance. Companies audit their financials every year to validate compliance and performance, but typically don’t have an audit plan for critical business processes that impact these performance measures and the customer’s perception of performance.
There are 7 critical business processes that every company must …Read MoreThis entry was posted in Company Physical, Information Technology, Manufacturing and Distribution, Strategic Execution, Weekend Thought, on June 5, 2015
Laws are created to deal with a problem that exists today and may not exist years from now. Business processes are the same. They are created to deal with current needs. Over the years the legal system has accumulated a series of laws that may have been appropriate for their time but have never been abolished. Here are a few examples: …Read MoreThis entry was posted in Company Physical, Continuous Improvement, Manufacturing and Distribution, Weekend Thought, on February 21, 2015
Recently, I was working with a senior leadership team who was convinced that the key issue in their business was industry knowledge. They were thinking that a lack of industry knowledge was the root cause of their issues in the marketplace. It was difficult to get them to focus on the other issues in their business. While I agree industry knowledge is important, it is only one of the seven business processes every business needs to do well in order to be successful. In this case, the people running the business knew their industry very well, but were lacking knowledge in many other areas. If too much emphasis is placed on one area such as industry knowledge, then the business is likely to realize mediocre results. Businesses need to: …Read MoreThis entry was posted in Company Physical, Continuous Improvement, on November 9, 2014
Are you ready to exit your business or transition to a new role? 90% of closely held companies don’t have a documented exit plan or transition strategy for the owners. Worse yet, 90% of those strategies that do exist aren’t effectively implemented.
These results are driven by three factors: …Read MoreThis entry was posted in Company Physical, Exit Planning and Transition, on March 17, 2014
The Business Hierarchy of Needs® is a compilation of three levels of activities. As our work on effective strategic execution continues, we have found that most companies haven’t developed a strategic execution process that provides consistent and effective implementation of their strategic objectives. Every organization …Read MoreThis entry was posted in Company Physical, Continuous Improvement, Global Initiatives, M&A, Manufacturing and Distribution, Organizational Development, Strategic Execution, on April 29, 2013
Group50 Consulting, formed in 2004 announced today that it has added an Intellectual Property audit to its Company Physical®, a series of cross functional audits that companies should use to complement their financial audits as further validation of the company’s health. This audit is focused on the business wide practices for protecting Intellectual Property.
Most senior executives believe that Intellectual Property protection is a function of patents and trademarks. This is farthest from the truth according to Jim Gitney, Group50’s CEO. “Patents and trademarks are only a part of protecting a company’s IP. Your Intellectual Property is only as good as your willingness to protect it, and after the fact is a very costly proposition. A proactive approach to protecting IP includes the way outsiders are handled, how employees are trained and communicated with and the approach a business takes in its documentation. The more serious a company is about protecting its IP up front, the harder outsiders will think about stealing it. Unfortunately, we live in a world where a cost analysis often dictates whether or not another company will copy the hard work done by others. This topic is often not thought about or given enough credance as highlighted in a recent Group50 Case Study on Protecting a Company’s Intellectual Property Rights. “
Group50 has designed this Intellectual Property audit to be able to quickly check how proactive a company is in its protection efforts. The audit provides a detailed report on how a company can be proactive and continue to protect it competitive position.
About Group50®: Group50 was founded in 2004 with the vision of providing clients with seasoned professionals who have spent their careers in business. The company has developed unique consulting products such as the Company Physical® and various workshops that are focused on helping companies effectively understand their strategic and operating gaps, create roadmaps to fix them and work side by side with them to implement those changes. Group50 provides clients with consultants who have the specific knowledge they require for a project. More information about the company can be found at www.Group50.com or by calling 909-949-9083.This entry was posted in Company Physical, Manufacturing and Distribution, Market Effectiveness, on November 21, 2000
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