Don’t Let Your Growth Get Stuck
Many businesses with a growth strategy think of “value add” in terms of bringing new solutions to the market or providing high quality products that are both cost effective and supply chain efficient. The question is, Why do they sometimes fail at achieving either of these goals?
We recently worked with a client who had become increasingly stuck in attempting to reverse their declining growth situation. Utilizing our growth assessment tools, we found that they had lost their edge both in new product development and in customer-centered solutions development, and surprisingly, in their customer-centered behavior, as well.
Operationalizing the Businesss
- Increased their cash flow that enabled a will to continue the operationalizing effort
- Strengthened their position with existing customers
- Identified key growth initiatives utilizing a robust market investigation
- Over time, enabled either a product-driven or a market-driven capability, depending on the nature of their markets and customer selection strategy
Operationalizing is not a generic process. There are no quick fixes. Business leadership must first understand the reality of their current organizational design and performance gaps required to address each initiative. After identifying their current state, we helped the business develop and operationalize their future state. We utilized our framework, which addressed interdependently the future state revenue and earnings expectations; the segments and customer requirements to achieve that earnings position; the core work processes require to serve these customers; and learning and improvement tools.
The output was a family of defined work objectives, each with learning and development focused on the business and work to be done as needed. Thus, all their learnings and developments were part of their work processes. No theoretical workshops.
About the Author
Ron Sullivan is a Senior Partner at Breakthrough Marketing Technology. He has worked with many businesses on innovation, new product development processes, strategy, building new business models, channels and distribution, and pricing optimization. He has significant expertise in study design, data analysis, and market intelligence.