Global Recession and Recession Planning – Are You Ready?
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Global Recession and Recession Planning – Are You Ready?
By: Jim Gitney
We are in a global recession according to global experts in a recent Forbes article. Don’t let this be your Kobayashi Maru – No Win Scenario. Every dollar not spent by consumers reduces downstream spending by 43% according to the current velocity of money statistics. No matter what business you are in, you are being impacted by this atypical recession, one that will likely rival the tech bubble of 2001 and the financial collapse of 2008. If you don’t agree, no need to read further, but can you really take that risk? …Read More This entry was posted in Business Transformation, Cost Takeout, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, on March 18, 2020 -
Recession Planning Workshop
By: Admin
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 …Read More This entry was posted in Business Transformation, Strategy 5.0, on March 16, 2020 -
The Impact of Value Stream Mapping: Organizations and Processes
By: Jim Gitney
The most successful way to look at unneeded business processes and their costs to the business is through a Value Stream Mapping (VSM) project. VSM provides a clear view of how various business processes are related to each other and assesses the need for those processes and how efficient they really are.
This entry was posted in Business Hierarchy of Needs®, Continuous Improvement, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on March 4, 2020 -
The Art of War – Strategic Planning and Strategic Execution
By: William Eveleth
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 …Read More This entry was posted in Business Transformation, Strategy 5.0, on February 1, 2020 -
What is OMNI Channel? – Where Does It Fit?
By: Jim Gitney
All of our clients are having OMNI channel discussions these days. Why? Because OMNI Channel is the front end of the supply chain and has a significant impact on supply chain optimization. These discussions are fraught with a lot of misunderstanding of what OMNI channel is and how it supports the company’s Market Effectiveness. Googling OMNI Channel delivers …Read More
This entry was posted in Business Transformation, Information Technology, Market Effectiveness, Strategy 5.0, Supply Chain Optimization, on January 25, 2020 -
Connecting the Dots – What Thanksgiving and Strategy Have in Common
By: Admin
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. …Read More
This entry was posted in Business Hierarchy of Needs®, Strategy 5.0, on November 26, 2019 -
8 Key Components of a Successful Strategic Planning and Strategic Execution Process
By: Admin
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, …Read More This entry was posted in Business Hierarchy of Needs®, Strategy 5.0, on August 27, 2019 -
Manage Your Business Like You Are Going to Sell It
By: Jim Gitney
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. …Read More
This entry was posted in Exit Planning and Transition, M&A, Manufacturing and Distribution, Strategy 5.0, on May 29, 2019 -
Digital Technology as a Strategic Asset
By: Shirish Nene
Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: …Read More
This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Strategy 5.0, Supply Chain Optimization, Total Cost of Ownership, on April 19, 2019 -
The Need for Technology Succession Planning
By: Jim Gitney
Most organizations do Leadership Succession Planning at some level of effectiveness. Very little has been written about the need for incorporating technology succession planning and while technology leadership is part of the standard succession planning model, little is done about succession planning and skills development for subject matter experts, their supporting teams and successive upgrades and new technologies. Teams …Read More
This entry was posted in Business Transformation, Information Technology, Organizational Development, Strategy 5.0, Supply Chain Optimization, Talent Management, Value stream mapping, on February 10, 2019
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