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How can a broken business be fixed?
The document provides guidance on developing a strategic business model to fix a broken business. It discusses establishing a clear vision and mission, conducting a SWOT analysis to develop strategic initiatives, implementing a balanced scorecard to keep initiatives on track, aligning personal objectives with organizational goals, and continually refining the model through repeated improvement. The overall message is that a strategic business model with the right components can help turn a struggling business around.
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How can a broken business be fixed?
- 1. So how cana broken business be fixed??
- 2. Gillespie’s Hypothesis of Business Leadership •There is a difference between management and leadership •Your business is NOT an exception. •80% of all businesses lack true leadership. •Gillespie’s Corollary: The 80% figure is probably low but it fits into the Pareto Principle.
- 3. So how dowe make the pieces fit and work? ion Vis Ob Mis jec sion tiv es gy ate G es Str oa lu ls Va
- 4. Why Change?? Same thought…different words If you do what you've always done, you'll get what you've always gotten. Tony Robbins And… Insanity: doing the same thing over and over again and expecting different results. Albert Einstein
- 6. How can itbe fixed?
- 7. Every team needsa plan…
- 8. Without a road map– any destination will do
- 9. So…. Here are the directionsto get there
- 10. The business model has a lot ofpieces but you already knew that
- 11. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 12. Strategic Business Model Established by Vision What we want to be Executive Team & Why we exist Mission Ownership What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 13. A good businessmodel needs a solid foundation - STRATEGY
- 14. Strategic Business Model Vision What we want to be How do we develop Why we exist Mission our Strategy! What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 15. How do wedevelop a workable strategy?
- 16. A SWOT Analysissurveys where you are and where you need to be… Now you can determine how you are going to get there with Strategic Initiatives
- 17. Current conditions SWOT Matrix Also known as TOWS Matrix Strengths Weaknesses Opportunities S-O Strategies W-O Strategies Threats S-T Strategies W-T Strategies The Plan for the future
- 18. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 19. Strategic Initiatives' needto stay on course
- 20. A Balanced ScoreCard keeps the process focused
- 21. Why Implement aBalanced Scorecard? •Increase focus on strategy and results •Improve organizational performance by measuring what matters •Align organization strategy with the work people do on a day-to-day basis •Focus on the drivers of future performance •Improve communication of the organization’s Vision and Strategy •Prioritize Projects / Initiatives
- 23. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 24. So…. what does this mean to me?
- 25. Individual goals and objectives needto reflect the organizations goals and objectives
- 26. in e… l m to bot e th t’s w ha so
- 27. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 28. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 29. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 30. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 31. Strategic Business Model Vision What we want to be Why we exist Mission What we believe in Core Values Voice of the customer & our game plan Strategy What we need to do Strategic Initiatives Implementation & Focus Balanced Scorecard What I need to do Personal Objectives Strategic Outcomes Satisfied Delighted Effective Motivated & Prepared Shareholders Customers Processes Workforce
- 32. Now do itagain and make it better – then repeat again and again and again…
- 33. Notice of Disclaimer: Any resemblance to real persons, living or dead is purely coincidental. Void where prohibited. Some assembly required. Contents may settle during shipment. Use only as directed. No other warranty expressed or implied. Do not use while operating a motor vehicle or heavy equipment. Subject to approval. This is not an offer to sell securities. Apply only to affected area. May be too intense for some viewers. Do not stamp. Use other side for additional listings. For recreational use only. Do not disturb. All models over 18 years of age. If condition persists, consult your physician. No user-serviceable parts inside. Freshest if eaten before date on carton. Subject to change without notice. This supersedes all previous notices.
- 34.