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.

1. Reinventing Your Company For The New RealityMaking it Better Than it Has Ever Been Presented By Joel Strom SEI – 7 Group Scottsdale AZ March 20, 2010

2. WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke said Tuesday that the recession has ended, at least based on the numbers. That was a few months ago!

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… Construction spending fell for a third straight month in January… The weak income growth could depress spending in the months ahead and weigh down the economy’s rebound… The bulk of the upturn in manufacturing is behind us…many manufacturers are seeing hopeful trends

4. UNCERTAINTY RULES The only certainty--- Its different than it was It will keep changing There are new realities

5. New Realities bring New Opportunities To Out-perform To Out-grow To Out-profit To be better than ever

6. Taking advantage of your New Reality May require Reinventing Your Company

7. Adapt or Die The key to continuing to be a great company (or becoming a great company) is adapting to your new reality The key to going out of business (quickly or slowly) is to not accept your new reality

8. Economy Technology Cultural A Perfect Storm

9. Economy Technology Cultural

10. The recession and the economy Changed the number of customers Changed who your customers are Changed the resources of your customers Changed the customers’ ability to finance the things they cannot pay cash for

11. Technology Changing how we communicate Changing how we market Changing the way we live Changing how we produce and sell things Making it difficult to be on the cutting edge and stay ahead of everyone else

12. Culture Changing what customers buy Changing how customers buy Changing where customers buy Lower prices have become the expectation Saving vs. spending

13. Your New Reality is Your’s There isn’t just one New Reality Every industry and every company within that industry is facing their unique new reality

14. So what can you do to take advantage of YOUR New Reality and be better than you have ever been? And beat the competition

15. First you need to know what your new reality is - so Step 1 Define YOUR new reality How has your market changed Are your customers recalibrating What are your customers buying (or not) How are your customers buying How have customer expectations changed Then--Think about what’s next

16. Then you need to know your own company – so Step 2 Assess YOUR company Your competencies Your strengths Your resources Your economic engine Your operating model

18. Step 3 Reinvent for YOUR new reality Connect the dots from Your New Reality to Your Company Reinvention for Growth Reinvention for Operational Excellence

19. Reinvention for Growth Connect the dots From what the market wants today To what you provide and how you provide it Changing the view 4 Options for Your New Reality Growth Strategy

20. New reality growth strategy Four options for growth

21. New reality growth strategy Four options for growth

22. New reality growth strategy Four options for growth

23. New reality growth strategy Four options for growth

24. A good bet for what’s next Continuing change in your market Continuous price pressures New sources of competition Continuing need for strong managed growth Continuing need for improving the bottom line

25. Reinvention for Operational Excellence Connect the dots From what’s happening today and from what‘s next To your operating model No matter what YOUR new reality – 11 Musts for Operational Reinvention

26. New reality operating strategy 11 Musts for operational reinvention Flexible, lean, and efficient Action oriented - Practice the 60% rule Trust your gut Innovation mentality Give them what they don’t know they want Differentiation– everything is a commodity Leverage resources The best people - still Create a great organization – strengthen your culture Celebrate the opportunities - No Victim mentality Focus on bottom line growth

27. THIS IS A TIME OF OPPORTUNITY! To make it better than it has ever been

28. Download my presentation: www.slideshare.net www.joelstrom.com Joel Strom Joel Strom Growth Management Renaissance Executive Forums 4747 N 7th Street Suite 145 Phoenix AZ 85014 602-276-3033 Joel@joelstrom.com This presentation and all related processes ©2010 Joel Strom Ltd

29. Reinventing Your Company For Your New RealityMaking it Better Than it Has Ever Been Presented By Joel Strom SEI – 7 Group Scottsdale AZ March 20, 2010