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Strategic Change Requires Organizational Readiness
By: Admin
My daughter is graduating with a master’s degree in Healthcare Informatics (a broad academic field encompassing computing technologies and development in healthcare). I asked her what here career plans were with a degree in this very hot field and her answer surprised me. She said that she wanted to lead teams of people who were responsible for designing and implementing new healthcare systems and the organizations to leverage them. I was intrigued by that answer. What title would that be, I asked. She said she didn’t believe it existed, because most organizations have different groups who are responsible for technology and organizations.
She went on to explain …Read More
This entry was posted in Business Hierarchy of Needs®, Organizational Development, Strategy 5.0, on June 21, 2014 -
Embracing The Status Quo Undermines Business
By: Admin
If you or your stakeholders think that embracing the status quo is the path to thriving, then think again! – Think you can sit back and coast for a few weeks, a few months, a few years? Think again! – Think your competitors will sit back and coast for a few weeks, a few months, a few years? Think again! G. K. Chesterton wrote, “If you leave a thing alone you leave it to a torrent of change. If you leave a white post alone it will soon be a black post. If you particularly want it to be white you must be always be painting it again; that is, you must be always be having a revolution.” Without intervention , without progressive change, without revolution, everything in our work and our lives gets worse . Our …Read More
This entry was posted in Strategy 5.0, on June 16, 2014 -
When Should A Company Adopt Mass Customization
By: Admin
An executive once asked “at what revenue level does it make sense to adopt mass customization to improve business execution?” From the perspective of manufacturing products, it is one thing to be a “customizer” and quite another to be a “mass customizer.” Here’s how business leaders need to think about this issue. It is possible to produce customized products with inefficiencies that only grow as …Read More
This entry was posted in Continuous Improvement, Manufacturing and Distribution, Strategy 5.0, Weekend Thought, on May 13, 2014 -
Exit or Transition Plan for Closely Held Companies
By: Admin
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. Exit or Transition plans need to be holistic with the primary focus of increasing enterprise value so that the owners have more flexibility in their exit or transition options. The following presentation focuses on a simple methodology for dealing with these realities. Effectively Planning an Exit or Transition: Part II from Jim Gitney Group50 has created a “Exit or Transition Planning Assessment” for closely held companies. Typically lasting 1-2 days, the assessment provides owners with a clear view of how to properly plan their exit or transition and what it will take to effectively implement it. You can read about Group50’s assessment here, request more information here, or call us at +1 (626) 644-9746 to find out more. Subscribe below to Group50’s blog to stay on top of the latest trending topics:This entry was posted in Exit Planning and Transition, Strategy 5.0, on November 10, 2013 -
Business Hierarchy Of Needs
By: Jim Gitney
Achieve Excellence with the Business Hierarchy of Needs®
A Proven Framework for Strategic Execution and Change Management
Why do some organizations achieve sustained success while others “stop short” of excellence? The answer lies in their approach to strategic execution. …Read More
This entry was posted in Business Hierarchy of Needs®, Business Transformation, Company Physical, Continuous Improvement, Global Initiatives, M&A, Manufacturing and Distribution, Organizational Development, Strategy 5.0, on April 29, 2013 -
Continuous Improvement Programs in Service Businesses and Financial Institutions
By: Admin
Continuous improvement programs are great for manufacturing but how do they apply to service businesses? The usual answer to this question is that process excellence works across functional silos. It is horizontal, transversal and industry agnostic. Although true, this answer does not always address the concerns of the leaders in service businesses and financial institutions.
In a recent article we …Read MoreThis entry was posted in Continuous Improvement, Strategy 5.0, on April 29, 2013 -
Restructuring A Large Manufacturing And Distribution Operation
By: Jim Gitney
- Plant production increased from 7,500 Grilles/day to 22,000 Grilles/day.
- 60+ products were redesigned and implemented with an average 12% cost reduction per unit.
- Units/employee tripled.
- Incident rates per hundred grilles were reduced 85%.
- Sales increased 7% and P&L improved by $30M, a 15% improvement year over year
- Service levels increased from 48% of 96%
- Completed in 11 months
This entry was posted in Case Studies, Continuous Improvement, Cost Takeout, Manufacturing and Distribution, Organizational Development, Strategy 5.0, on April 12, 2013 -
Performance Management as a Business Strategy
By: Jim Gitney
Performance Management is a critical part of a company’s business strategy. As shown in Level 2 of the Business Hierarchy of Needs®, performance management is the bridge between strategy and results. As we have spoken to senior executives around the United States, we have found that their perception of performance management is more tactical than strategic. We have found that functional organizations also see performance management as a check the box activity.
Most companies view “performance management” …Read MoreThis entry was posted in Business Hierarchy of Needs®, Organizational Development, Strategy 5.0, on March 2, 2013 -
Why Most Mergers and Acquisitions Don’t Add Shareholder Value
By: Jim Gitney
During a recent meeting of 40 M&A professionals, I facilitated a discussion around the results of a 1999 KPMG study on the success of Mergers and Acquisitions in large companies. This study indicated that 83% of mergers and acquisitions fail to increase share holder value. The M&A professionals who participated in this discussion represented middle market mergers and acquisitions. Members of the group were asked three questions: …Read More
This entry was posted in M&A, Strategy 5.0, on March 2, 2013 -
Introducing a New Strategic Execution and Performance Management Tool: Cascade
By: Jim Gitney
Group50 has introduced a new cost effective cloud based performance management and strategic execution tool called Cascade. This system provides clients with the ability to achieve higher levels of employee engagement, monitor key strategy implementation, focus on cultural and performance objectives throughout the organization and institutionalize winning behaviors throughout their company.
Companies who have implemented Cascade have seen significant improvement in their operating performance at all levels.
Read more about utilizing Cascade for:About Group50® specializes in the development and implementation of manufacturing and supply chain strategies. The Group50 team are all former executives with well-known manufacturing and distribution companies who understand what it takes to put together and manage the implementation of a successful strategic plan. Group50 has designed a series of strategic assessments, workshops and strategic execution tools that eliminate the existence of Anti-StrategyTM. You can reach us at +1 (626) 644-9746, request more information here or send a note to info@group50.com.
This entry was posted in Continuous Improvement, News, Organizational Development, Strategy 5.0, on March 2, 2013
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