The global economy is re-opening and the decisions you make in the next 90 days will define the future of your business. Studies have shown that companies who are innovative and transformative during a recession outperform their peers.  In a previous blog – Managing Your Way Through 2020, we offered a playbook for re-opening your business and a three phase strategy to support it.  Most businesses are (more…)

In managing your way through 2020 it is imperative that you and your leadership team carefully plan the balance of the year. In this video presentation by Jim Gitney, the CEO of Group50 Consulting, who has been through 7 economic cycles during his career talks about a 3-phase approach to the balance of 2020.  (more…)

Every business owner is challenged with Re-Opening their business as the COVID-19 pandemic restrictions are slowly lifted. There are myriad things to consider and inputs on how to do it from the federal government, states and localities.  Each have a different approach and set of recommendations. Trying to find relevant guidance can be a daunting (more…)

We have been fortunate in that none of our family or close associates and friends that we know have gotten sick from COVID-19. As we sit at home attempting to construct some level of normalcy, I struggle with the magnificent failure of a system that is incapable of meeting the needs of its citizens. A system that has prioritized economics over public health. While the government, in record time, is pumping trillions of dollars into the economy to stop financial Armageddon, it has failed to put (more…)

In the next few weeks, companies with under 500 employees will start receiving payments from the Paycheck Protection Act and all companies will continue to make important decisions on how to structure themselves to deal with the current downturn and prepare themselves for the future (Here is one view of the future (more…)

We are in a recession as declared by multiple well known business and financial leaders in a recent Forbes article. I completely agree and believe that this will parallel the financial crisis of 2009. Given that this atypical recession is here with unprecedented speed, Group50 has put together a Recession Planning Workshop that is designed to provide senior leaders and stakeholders with a full view of the inherent recession risk in a company.  The workshop has an elapsed time of 1-2 (more…)

There is a book; a book said to be so profound that any general or leader who implemented its teachings and strategies would be invincible.  The book was kept in the Forbidden City and shared only with the most elite. The book was written around 500 BC, it’s old, very old. Word of the magical book had spread through myth and conjecture over the centuries. Imagine (more…)

Happy Thanksgiving to you and your family.  At Thanksgiving, we take the time to stand back and realize how many things we have to be thankful for.  Thanksgiving is about connecting those dots. (more…)

Companies have many different processes for strategic planning and strategic execution.  These processes are designed to move a company from its current state to a predefined future state. Irrespective of a company’s size, (more…)

Group50’s CEO, Jim Gitney, was recently asked by an executive about how he should manage the division he just took over as its president.  Jim told him “Manage it like you are going to sell it – maximize value creation”.   The executive gave a strange look and asked why that mattered. (more…)