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Our Approach
“Seven out of eight companies in a global sample of 1,854 large corporations failed to achieve profitable growth, though more than 90 % had detailed strategic plans with much higher targets.”
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Bain Consulting Study 2004
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A clearly articulated strategy and
business model for the company. |
- What is your vision: what is the fundamental purpose of your company?
- Given this, what’s your unique business model—how do you build a sustainable model for making money and fulfilling this purpose
- Identify the threats and opportunities on the horizon—and make them work to your advantage
- Articulate clearly and simply, to the entire organization, the strategic intent for the next 3-5 years. Put simply, what will the organization look like 3-5 years from now?
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A focus on execution. |
- Translate the strategic intent into a clear set of themes or pathways for execution and a matching set of blueprints to execute against
- Given the blueprint, create a system for tracking the results you are getting versus the targets in the blueprint. Quickly analyze why you are not hitting your targets and adjust your actions and/or redouble your effort.
- Focus on the first things first; what needs to be changed to get the highest leverage. Identify and focus on the 20% of the work that will drive 80% of the results.
- Staff and fund your key change initiatives for success… really!
- Keep the leadership team focused on this effort monthly, and quarterly
- Have annual updates- the market and business environment will change and your plans need to adjust to these changes…nimbleness is critical!
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Leadership that builds trust and credibility
with the people in your organization.
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- Trust and credibility with the organization is critical to getting people in the organization to attempt to make changes.
- Understand what kind of leadership is needed to successfully take your organization through this kind of journey
- Articulate what it means for you to be a better leader and to successfully lead the organization through this kind of change - what are the one or two areas of your leadership style that if changed could have the highest impact on the organization?
- As a leader, what will be the legacy that you leave behind - what will be your leadership legacy?
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Developing a culture that creates a great place to work
and brings out the best in people.
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- It is a simple but powerful question; why would the best people in the industry want to work for you and your organization?
- Great companies bring out the best in their people, they do this by being great places to work -- a place where people “trust the people they work for, have pride in what they do, and enjoy the people they work with.”
- A great place to work is also a place with a high performance culture. Attracting retaining and motivating the best and the brightest means setting high standards for people. It is about the way you select, train, develop and reward people in your organization. Are you bringing out the best in your people?
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