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Building a Data-Driven
Functional Strategy
JENNIFER LOUGHRIDGE
TUSHAR BELAPURKAR
Oct-22 © Loughridge Transformations Ltd 2
How to define a
Functional Strategy that
leverages data and best-
in-class performance
management?
PORTER’S GENERIC STRATEGIES
Cost Leadership Differentiation
Cost Focus
Differentiation
Focus
Stuck in
the
Middle
Oct-22 Source: Porter, ME (1985) – ”Competitive Advantage: Creating and Sustaining Superior Performance” 4
Low Cost Differentiation
Total
Market
Niche
Market
Competitive Advantage
Scope
Oct-22 © Loughridge Transformations Ltd 5
DATA INSIGHT
INTERVENTION
INFORMATION
DECISION ARCHETYPES
Accelerated
Agility
Intelligence
in the
Moment
Cover the
Basics
Master the
Chess
Moves
§Speedy decisions trump analysis
/consensus
§Descriptive reporting with internal data
§Rapid analyse-decide-act feedback loop
§Operational metrics focused on efficiencies
Accelerated
Agility
§Data & intuition drive decisions
§Hindsight & foresight with all available
data
§Advanced analytics with feedback loop
§Adaptive & linked financial & operational
metrics
Intelligence
in the
Moment
§Intuition based decisions –little analysis
§Descriptive reporting with internal data
§Low frequency data and model refresh
§Reporting structures link decisions to
actions
Cover the
Basics
§Data-driven decisions trump intuition
§Hindsight & foresight with all available
data
§Slow consensus driven & analytic decisions
§Financial metrics tied to operational
metrics
Master the
Chess
Moves
Oct-22 © PwC 6
Low High
SOPHISTICATION
Low
High
SPEED
GAIN INSIGHTS FROM INTERNAL
AND EXTERNAL DATA
BREAK DOWN INFORMATION
SILOS
FORECAST & ENHANCE
BUSINESS OUTCOMES
TRANSFORM
Oct-22 © Loughridge Transformations Ltd 7
THANKYOU FOR JOINING…
We hope you enjoyed the webinar.
Feel free to connect with our speakers:
Register for our next webinar at www.loughridgetransformations.com/learn/webinars
Arrange a call with any of our consultants at: www.loughridgetransformations.com/schedule-meeting/
For more content, take a look at LoughridgeTransformations’ blog:
Jennifer
www.linkedin.com/in/jennifer-loughridge
jennifer.loughridge@loughridgetransformations.com
Tushar
www.linkedin.com/in/tushar-belapurkar
tushar.belapurkar@loughridgetransformations.com
Nine Steps to Finance
Transformation
Why People are the Essence
ofTransformation
Digital Finance Organisation:
AreYou Ready?
Oct-22 © Loughridge Transformations Ltd 9
Loughridge Transformations Webinar - Building a Data-Driven Functional Strategy

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Loughridge Transformations Webinar - Building a Data-Driven Functional Strategy

  • 1. Building a Data-Driven Functional Strategy JENNIFER LOUGHRIDGE TUSHAR BELAPURKAR
  • 2. Oct-22 © Loughridge Transformations Ltd 2 How to define a Functional Strategy that leverages data and best- in-class performance management?
  • 3. PORTER’S GENERIC STRATEGIES Cost Leadership Differentiation Cost Focus Differentiation Focus Stuck in the Middle Oct-22 Source: Porter, ME (1985) – ”Competitive Advantage: Creating and Sustaining Superior Performance” 4 Low Cost Differentiation Total Market Niche Market Competitive Advantage Scope
  • 4. Oct-22 © Loughridge Transformations Ltd 5 DATA INSIGHT INTERVENTION INFORMATION
  • 5. DECISION ARCHETYPES Accelerated Agility Intelligence in the Moment Cover the Basics Master the Chess Moves §Speedy decisions trump analysis /consensus §Descriptive reporting with internal data §Rapid analyse-decide-act feedback loop §Operational metrics focused on efficiencies Accelerated Agility §Data & intuition drive decisions §Hindsight & foresight with all available data §Advanced analytics with feedback loop §Adaptive & linked financial & operational metrics Intelligence in the Moment §Intuition based decisions –little analysis §Descriptive reporting with internal data §Low frequency data and model refresh §Reporting structures link decisions to actions Cover the Basics §Data-driven decisions trump intuition §Hindsight & foresight with all available data §Slow consensus driven & analytic decisions §Financial metrics tied to operational metrics Master the Chess Moves Oct-22 © PwC 6 Low High SOPHISTICATION Low High SPEED
  • 6. GAIN INSIGHTS FROM INTERNAL AND EXTERNAL DATA BREAK DOWN INFORMATION SILOS FORECAST & ENHANCE BUSINESS OUTCOMES TRANSFORM Oct-22 © Loughridge Transformations Ltd 7
  • 7. THANKYOU FOR JOINING… We hope you enjoyed the webinar. Feel free to connect with our speakers: Register for our next webinar at www.loughridgetransformations.com/learn/webinars Arrange a call with any of our consultants at: www.loughridgetransformations.com/schedule-meeting/ For more content, take a look at LoughridgeTransformations’ blog: Jennifer www.linkedin.com/in/jennifer-loughridge jennifer.loughridge@loughridgetransformations.com Tushar www.linkedin.com/in/tushar-belapurkar tushar.belapurkar@loughridgetransformations.com Nine Steps to Finance Transformation Why People are the Essence ofTransformation Digital Finance Organisation: AreYou Ready? Oct-22 © Loughridge Transformations Ltd 9