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 Continue reading A Strategic Approach to Assessing IT Infrastructure
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 Continue reading Continuous Improvement and Its Impact on Market Effectiveness
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 Continue reading 7 Critical Business Processes That You Live or Die By
Anti-Strategy is an interesting phenomenon. Have you ever wondered why someone in the company, a peer, a direct report or even the boss has done something that just didn’t make sense? Maybe it was reorganization, a change in product direction, adding new people that should be in other organizations, or worse yet, done nothing? Of course you have. You are probably guilty of it yourself, although you may not realize it or don’t want to admit it. Smart, successful and highly compensated people often do things that don’t seem to fit or support the program or your perspective of the direction of the company.
December 1, 2014 Los Angeles, CA
Group50® Business Management Consulting Firm announced today that it has significantly expanded its consulting resources and tools in sales force effectiveness, organizational development, and change management. Jim Gitney, CEO and Founder of Group50® commented….”Strategic Execution is the cornerstone of a company’s success and our sweet spot. Our clients want to work with a consulting firm that has broad expertise and deep bench strength. I am pleased to announce that Deborah Wexler has joined Group50. As a career consultant, Deborah has helped companies design and execute their strategies through effective use of their people, processes and technology. She has led Continue reading Deborah Wexler Joins Group50 Creating a Consulting Presence in Chicago, IL.
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: Continue reading Your Health… Your Business Processes… What’s The Difference?
You should always be taking stock in past performance: Success, Failures, Opportunities, Strategic needs. The norm is to review your financials – Sales, Revenue, spending patterns, profitability, etc. but do you strategically review one of your most critical business functions – Human Resources and the Organization itself? Most companies don’t, leaving it to the leaders in the organization. Most companies respond to the immediate needs of the organization without advanced planning or forethought, unless it is a reorganization or a huge project. To determine how prepared your organization is for the future and your “next big opportunity,” or the company’s strategic needs, ask yourself these questions: Continue reading Why Would You Do a Human Resources Assessment?
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.