How can a broken business be fixed?
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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.
How can a broken business be fixed?
- 1. So how can a 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 do we 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 it be fixed?
- 7. Every team needs a plan…
- 8. Without a road map – any destination will do
- 9. So…. Here are the directions to get there
- 10. The business model has a lot of pieces 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 business model 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 we develop a workable strategy?
- 16. A SWOT Analysis surveys 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' need to stay on course
- 20. A Balanced Score Card keeps the process focused
- 21. Why Implement a Balanced 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 need to 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 it again and make it better – then repeat again and again and again…
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