3. CHANGE HAPPENS!
Competition
• Bon Aqua upset the
comfortable world of
Voltic and Nsu with
superior marketing
Technological
• CONSHIP has used
technology that
allows customers see
the progress of their
jobs in real-time to
build stronger
customer bonds
Business model
• Moving parcel post
went from the
confines of Ghana
Post to the bustle of
transport hubs
5. THE ONLY CONSTANT IN LIFE …
What crisis has your business
faced in the last five years?
Have you encountered any
major shifts in how you do
business as a result?
Have you changed the
sectors/segments in which
you operate?
7. STRATEGIC INFLECTION POINTS
The Fundamentals Change New Horizons OR The End
The impact of changing rules creates new opportunity to rise
and signals the beginning of the end
8. MACRO CHANGES IN THE
GLOBAL/LOCAL ECONOMIES
Nation-states To Networks As The Source Of
Economic Power
•Intra-ECOWAS trade stands at 31.5% (2011, ILO)
Traditions To Options As The Basis For
Individual Behaviour
• Mass-individualism
Export-led To Consumer Driven Economies
• Fuelled By An Emerging Middle Class With
New Expectations
Government-controlled To Market-driven
Economies
• A New Model Of Economic Co-operation
And Co-ordination
Rural/Farm To Urban/Service Economy
• The Locus Of New Opportunities
Labour-intensive To High-technology
• The Basis For Competition/Job Creation
From Male Dominance To The Emergence
Of Women
• Voters, Workers, And Consumers
From West To East
• As The Axis Of The Global Economy
9. IN THE SHORT-TERM:
REVIEW YOUR COMPANY STRATEGY
Have the factors that
informed the strategy
changed? If so what will be
the impact?
Have any new factors
emerged that did not exist
or were not known?
Does the current strategy
and key actions address the
issues of the current
operating environment and
what you see emerging?
Is the strategy robust
enough to accommodate
short term plans and
actions while building for
future growth?
What needs to change
immediately?
What should the new focus
be?
10. YOU ARE NOT ALONE!
Traditional business models are being shaken apart
by
Rapidly changing consumer habits
New business models and ideas
New competitive environment
11. YOUR RESPONSIBILITY IS TO …
“… [create] the conditions
for doing business in a
modern, competitive way in
a global economic system”
“… guide your business …
and place it in a position
where it can prosper in the
new order.”
18. COMPETITION:
CHALLENGE BOOKSHOP
Redefine your business
founders [] journeyed to difficult places to share the Gospel [] to glorify God by planting, strengthening, and
partnering with churches around the world
Customised solutions
Mobile
Cinema
Mobile
Bookshops
Local
Follow up
Prison
Ministry
and
Chaplaincy
Young
Searchers
League
Mail Box
Club
Conference
s
Counselling
Services
Specialisation
For the past 50 plus years, … the leading name in the distribution of Christian literature in Ghana and offers the
best in Christian reading.
19. CONSUMERS:
(Non-interest earning) e-money
use is growing
Modern Trade share of retail
spending doubled 26% of consumer plan to save
More people using the web to
buy and sell
2050: Slightly more men; fewer
new children Job prospects flat to negative
20. CONSUMERS:
AQUAFRESH LTD
Align for Changing Attitudes
What better option […] to keep you at your best […]?
Sync with Changing Habits and Behaviour
“offering high value for money”
“meet your expectations for great taste, convenience,
nutrition and refreshment - every time”
Strategy Relevance
Healthy drink All occasions Convenient, take-along package
22. ON THE CUSP AND
UNAWARE
BUILDING GREATNESS AND AVOIDING THE DESCENT INTO
IRRELEVANCE
23. THE NATURE OF CHANGE
FIRST,
HARDER TO DETECT BUT EASIER TO CONTROL …
24. THE HORIZONS THAT INFORM CHANGE
TIME
SOME EMERGING OPPORTUNITIES
Exploring the “Uncertain” opportunities
CREATING THE OPPORTUNITIES
GLOBAL TRENDS, FUTURE EXPECTATIONS
AND THE IMPACT OF TECHNOLOGY
25. THE NATURE OF CHANGE
THEN,
EASIER TO OBSERVE BUT HARDER TO EXPLOIT
26. THE HORIZONS THAT INFORM CHANGE
TIME
THE OPPORTUNITIES WE HAVE NOW
Using Core Capabilities
SOME EMERGING OPPORTUNITIES
Exploring the “Uncertain” opportunities
CREATING THE OPPORTUNITIES
Global trends, future expectations and the
impact of technology
28. Stage 1
Constructive
Destruction
Proactively
reconstruct
the
competitive
context
Hubris born
out of success
Stage 2
Barbarian
Effects
Making the
competition
irrelevant
Undisciplined
pursuit of more
Stage 3
Strategic
Inflection
Failure to see
the perils of a
dynamic
Environment
Denial of risks
& Peril
Stage 4
Grasping for
Salvation
Stage 5
Capitulation to
Irrelevance or
death
There Comes A Time ...
Source: How the Mighty Fall – Jim Collins
29. CONSTRUCTIVE DESTRUCTION
• What can help your organisation/sector/country
create success in the first place?
• RISK:
“Great enterprises can become insulated by success …
and lose sight of the true underlying factors that created
success in the first place.”
• OPPORTUNITY:
A healthy tension between current commitments and
the fear of what is to come
Proactively reconstruct the competitive context
30. BARBARIAN EFFECTS
• How does your organisation/sector/Government
avoid the dilution of purpose-driven growth?
• RISK:
“Companies may overreach by making undisciplined
leaps into areas where they cannot be great or growing
faster than their ability to fill key spots with capable
people.”
• OPPORTUNITY:
Focus on making the competition irrelevant
Rigorous succession planning
31. STRATEGIC INFLECTION
• What does your organisation/sector/Government do to
avoid a failure to see the perils of a dynamic
environment?
• RISK:
“Companies in stage 3 begin to discount or explain away
disturbing data, blame outside forces, and take outsized risks
without giving enough weight to the consequences.”
• OPPORTUNITY:
Reasonable proof as input for risk-taking on the ‘next big
thing’
Look inside for the cause of stagnation/decline; don’t just
reorganise
32. Stage 1
Constructive
Destruction
Proactively
reconstruct
the
competitive
context
Hubris born
out of success
Stage 2
Barbarian
Effects
Making the
competition
irrelevant
Undisciplined
pursuit of more
Stage 3
Strategic
Inflection
Failure to see
the perils of a
dynamic
Environment
Denial of risks
& Peril
Stage 4
Grasping for
Salvation
Stage 5
Capitulation to
Irrelevance or
death
There Comes A Time ...
Source: How the Mighty Fall – Jim Collins
33. WELL-FOUNDED HOPE
"The path to recovery lies first and foremost in
returning to sound management practices and
rigorous strategic thinking."
34. GRASPING FOR SALVATION
• How would your organisation/sector/Government
address its turnaround?
• RISK:
“Instead of getting back to the disciplines that made
them great, companies take dramatic action, seeking a
silver bullet solution.”
• OPPORTUNITY:
Avoid the temptation of silver bullets
Focus on progression with consistency
35. CAPITULATION TO IRRELEVANCE
OR DEATH
• What does your organisation/sector/Government
do
• RISK:
The company surrenders or runs out of options and
cash. Hope alone is not enough; you need resources.
• OPPORTUNITY:
Reasonable proof as input for risk-taking on the ‘next big
thing’
Look inside for the cause of stagnation/decline; don’t
just reorganise
36. NEVER GIVE IN …
• Never give up your core purpose.
• Be willing to change tactics
• Never give up on the idea of building a great company.
• Be willing to kill failed business ideas, even those operations you've been in for
a long time
• Never give up on the principles that define your culture
• Be willing to evolve into an entirely different portfolio of activities, even to the
point of zero overlap with what you do today
• Never give up on the discipline to create your own future.
• Be willing to embrace the inevitability of creative destruction
• Never give up faith in the ability to prevail
• Be willing to embrace loss, to endure pain, to temporarily lose freedoms
• Never--ever--give up on your core values.“
• Be willing to form alliances with former adversaries, to accept necessary
compromise