Reinventing Your Company For The New RealityMaking it Better Than it Has Ever Been<br />Presented By<br />Joel Strom<br />...
WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke said Tuesday that the recession has ended, at least base...
Associated Press 3/2/10 – Mixed reports Monday on manufacturing, construction, and personal income and spending…the recove...
UNCERTAINTY RULES<br />The only certainty---<br />Its different than it was<br />It will keep changing<br />There are new ...
New Realities bring New Opportunities<br />To Out-perform<br />To Out-grow<br />To Out-profit<br />To be better than ever<...
Taking advantage of your <br />New Reality<br />May require <br />Reinventing Your Company<br />
Adapt or Die<br />The key to continuing to be a great company (or becoming a great company) is adapting to your new realit...
Economy<br />Technology<br />Cultural<br />A Perfect Storm<br />
Economy<br />Technology<br />Cultural<br />
The recession and the economy<br />Changed the number of customers<br />Changed who your customers are <br />Changed the r...
Technology<br />Changing how we communicate<br />Changing how we market<br />Changing the way we live<br />Changing how we...
Culture<br />Changing what customers buy<br />Changing how customers buy<br />Changing where customers buy<br />Lower pric...
Your New Reality is Your’s<br />There isn’t just one New Reality<br />Every industry and every company within that industr...
So what can you do to take advantage of YOUR New Reality and be better than you have ever been?<br />And beat the competit...
First you need to know what your new reality is - so<br />Step 1<br />Define YOUR new reality<br />How has your market cha...
Then you need to know your own company – so <br />Step 2<br />Assess YOUR company<br />Your competencies<br />Your strengt...
Step 3<br />Reinvent for YOUR new reality <br />Connect the dots from <br />Your New Reality to Your Company<br />Reinvent...
Reinvention for Growth<br />Connect the dots <br />From what the market wants today<br />To what you provide and how you p...
New reality growth strategy <br />Four options for growth<br />
New reality growth strategy <br />Four options for growth<br />
New reality growth strategy <br />Four options for growth<br />
New reality growth strategy <br />Four options for growth<br />
A good bet for what’s next<br />Continuing change in your market<br />Continuous price pressures<br />New sources of compe...
Reinvention for Operational Excellence<br />Connect the dots <br />From what’s happening today and from what‘s next <br />...
New reality operating strategy<br />11 Musts for operational reinvention<br />Flexible, lean, and efficient<br />Action or...
THIS IS A TIME OF OPPORTUNITY!<br />To make it better than it has ever been<br />
Download my presentation:<br />www.slideshare.net<br />www.joelstrom.com<br />Joel Strom<br />Joel Strom Growth Management...
Reinventing Your Company For Your New RealityMaking it Better Than it Has Ever Been<br />Presented By<br />Joel Strom<br /...
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Reinventing Your Company for Your New Reality

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Every company is facing its own new reality brought on by a perfect storm of factors including the economy, technology advances, and social culure changes. This presentations describes how businesses can take advantage of the new reality to reinvent themselves and make the company better than its ever been.

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Reinventing Your Company for Your New Reality

  1. 1. Reinventing Your Company For The New RealityMaking it Better Than it Has Ever Been<br />Presented By<br />Joel Strom<br />SEI – 7 Group<br />Scottsdale AZ<br />March 20, 2010<br />
  2. 2. WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke said Tuesday that the recession has ended, at least based on the numbers.<br />That was a few months ago!<br />
  3. 3. Associated Press 3/2/10 – Mixed reports Monday on manufacturing, construction, and personal income and spending…the recovery remains fragile…Manufacturing output expanded in Feb …fell short of economists’ expectations…<br />Construction spending fell for a third straight month in January…<br />The weak income growth could depress spending in the months ahead and weigh down the economy’s rebound…<br />The bulk of the upturn in manufacturing is behind us…many manufacturers are seeing hopeful trends<br />
  4. 4. UNCERTAINTY RULES<br />The only certainty---<br />Its different than it was<br />It will keep changing<br />There are new realities<br />
  5. 5. New Realities bring New Opportunities<br />To Out-perform<br />To Out-grow<br />To Out-profit<br />To be better than ever<br />
  6. 6. Taking advantage of your <br />New Reality<br />May require <br />Reinventing Your Company<br />
  7. 7. Adapt or Die<br />The key to continuing to be a great company (or becoming a great company) is adapting to your new reality<br />The key to going out of business (quickly or slowly) is to not accept your new reality<br />
  8. 8. Economy<br />Technology<br />Cultural<br />A Perfect Storm<br />
  9. 9. Economy<br />Technology<br />Cultural<br />
  10. 10. The recession and the economy<br />Changed the number of customers<br />Changed who your customers are <br />Changed the resources of your customers<br />Changed the customers’ ability to finance the things they cannot pay cash for<br />
  11. 11. Technology<br />Changing how we communicate<br />Changing how we market<br />Changing the way we live<br />Changing how we produce and sell things<br />Making it difficult to be on the cutting edge and stay ahead of everyone else<br />
  12. 12. Culture<br />Changing what customers buy<br />Changing how customers buy<br />Changing where customers buy<br />Lower prices have become the expectation<br />Saving vs. spending<br />
  13. 13. Your New Reality is Your’s<br />There isn’t just one New Reality<br />Every industry and every company within that industry is facing their unique new reality<br />
  14. 14. So what can you do to take advantage of YOUR New Reality and be better than you have ever been?<br />And beat the competition<br />
  15. 15. First you need to know what your new reality is - so<br />Step 1<br />Define YOUR new reality<br />How has your market changed<br />Are your customers recalibrating<br />What are your customers buying (or not)<br />How are your customers buying<br />How have customer expectations changed<br />Then--Think about what’s next<br />
  16. 16. Then you need to know your own company – so <br />Step 2<br />Assess YOUR company<br />Your competencies<br />Your strengths<br />Your resources<br />Your economic engine<br />Your operating model<br />
  17. 17.
  18. 18. Step 3<br />Reinvent for YOUR new reality <br />Connect the dots from <br />Your New Reality to Your Company<br />Reinvention for Growth<br />Reinvention for Operational Excellence<br />
  19. 19. Reinvention for Growth<br />Connect the dots <br />From what the market wants today<br />To what you provide and how you provide it<br />Changing the view<br />4 Options for Your New Reality<br />Growth Strategy<br />
  20. 20. New reality growth strategy <br />Four options for growth<br />
  21. 21. New reality growth strategy <br />Four options for growth<br />
  22. 22. New reality growth strategy <br />Four options for growth<br />
  23. 23. New reality growth strategy <br />Four options for growth<br />
  24. 24. A good bet for what’s next<br />Continuing change in your market<br />Continuous price pressures<br />New sources of competition<br />Continuing need for strong managed growth<br />Continuing need for improving the bottom line <br />
  25. 25. Reinvention for Operational Excellence<br />Connect the dots <br />From what’s happening today and from what‘s next <br />To your operating model<br />No matter what YOUR new reality –<br />11 Musts for Operational Reinvention<br />
  26. 26. New reality operating strategy<br />11 Musts for operational reinvention<br />Flexible, lean, and efficient<br />Action oriented - Practice the 60% rule<br />Trust your gut<br />Innovation mentality<br />Give them what they don’t know they want<br />Differentiation– everything is a commodity<br />Leverage resources<br />The best people - still <br />Create a great organization – strengthen your culture<br />Celebrate the opportunities - No Victim mentality<br />Focus on bottom line growth<br />
  27. 27. THIS IS A TIME OF OPPORTUNITY!<br />To make it better than it has ever been<br />
  28. 28. Download my presentation:<br />www.slideshare.net<br />www.joelstrom.com<br />Joel Strom<br />Joel Strom Growth Management<br />Renaissance Executive Forums<br />4747 N 7th Street Suite 145<br />Phoenix AZ 85014<br />602-276-3033<br />Joel@joelstrom.com<br />This presentation and all related processes ©2010 Joel Strom Ltd<br />
  29. 29. Reinventing Your Company For Your New RealityMaking it Better Than it Has Ever Been<br />Presented By<br />Joel Strom<br />SEI – 7 Group<br />Scottsdale AZ<br />March 20, 2010<br />

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