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Reinventing Your Company For The New RealityMaking it Better Than it Has Ever Been,[object Object],Presented By,[object Object],Joel Strom,[object Object],SEI – 7 Group,[object Object],Scottsdale AZ,[object Object],March 20, 2010,[object Object]
WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke said Tuesday that the recession has ended, at least based on the numbers.,[object Object],That was a few months ago!,[object Object]
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…,[object Object],Construction spending fell for a third straight month in January…,[object Object],The weak income growth could depress spending in the months ahead and weigh down the economy’s rebound…,[object Object],The bulk of the upturn in manufacturing is behind us…many manufacturers are seeing hopeful trends,[object Object]
UNCERTAINTY RULES,[object Object],The only certainty---,[object Object],Its different than it was,[object Object],It will keep changing,[object Object],There are new realities,[object Object]
New Realities bring New Opportunities,[object Object],To Out-perform,[object Object],To Out-grow,[object Object],To Out-profit,[object Object],To be better than ever,[object Object]
Taking advantage of your ,[object Object],New Reality,[object Object],May require ,[object Object],Reinventing Your Company,[object Object]
Adapt or Die,[object Object],The key to continuing to be a great company (or becoming a great company) is adapting to your new reality,[object Object],The key to going out of business (quickly or slowly) is to not accept your new reality,[object Object]
Economy,[object Object],Technology,[object Object],Cultural,[object Object],A Perfect Storm,[object Object]
Economy,[object Object],Technology,[object Object],Cultural,[object Object]
The recession and the economy,[object Object],Changed the number of customers,[object Object],Changed who your customers are ,[object Object],Changed the resources of your customers,[object Object],Changed the customers’ ability to finance the things they cannot pay cash for,[object Object]
Technology,[object Object],Changing how we communicate,[object Object],Changing how we market,[object Object],Changing the way we live,[object Object],Changing how we produce and sell things,[object Object],Making it difficult to be on the cutting edge and stay ahead of everyone else,[object Object]
Culture,[object Object],Changing what customers buy,[object Object],Changing how customers buy,[object Object],Changing where customers buy,[object Object],Lower prices have become the expectation,[object Object],Saving vs. spending,[object Object]
Your New Reality is Your’s,[object Object],There isn’t just one New Reality,[object Object],Every industry and every company within that industry is facing their unique new reality,[object Object]
So what can you do to take advantage of YOUR New Reality and be better than you have ever been?,[object Object],And beat the competition,[object Object]
First you need to know what your new reality is - so,[object Object],Step 1,[object Object],Define YOUR new reality,[object Object],How has your market changed,[object Object],Are your customers recalibrating,[object Object],What are your customers buying (or not),[object Object],How are your customers buying,[object Object],How have customer expectations changed,[object Object],Then--Think about what’s next,[object Object]
Then you need to know your own company – so ,[object Object],Step 2,[object Object],Assess YOUR company,[object Object],Your competencies,[object Object],Your strengths,[object Object],Your resources,[object Object],Your economic engine,[object Object],Your operating model,[object Object]
Reinventing Your Company for Your New Reality
Step 3,[object Object],Reinvent for YOUR new reality ,[object Object],Connect the dots from ,[object Object],Your New Reality to Your Company,[object Object],Reinvention for Growth,[object Object],Reinvention for Operational Excellence,[object Object]
Reinvention for Growth,[object Object],Connect the dots ,[object Object],From what the market wants today,[object Object],To what you provide and how you provide it,[object Object],Changing the view,[object Object],4 Options for Your New Reality,[object Object],Growth Strategy,[object Object]
New reality growth strategy ,[object Object],Four options for growth,[object Object]
New reality growth strategy ,[object Object],Four options for growth,[object Object]
New reality growth strategy ,[object Object],Four options for growth,[object Object]
New reality growth strategy ,[object Object],Four options for growth,[object Object]
A good bet for what’s next,[object Object],Continuing change in your market,[object Object],Continuous price pressures,[object Object],New sources of competition,[object Object],Continuing need for strong managed growth,[object Object],Continuing need for improving the bottom line  ,[object Object]
Reinvention for Operational Excellence,[object Object],Connect the dots ,[object Object],From what’s happening today and from what‘s next ,[object Object],To your operating model,[object Object],No matter what YOUR new reality –,[object Object],11 Musts for Operational Reinvention,[object Object]
New reality operating strategy,[object Object],11 Musts for operational reinvention,[object Object],Flexible, lean, and efficient,[object Object],Action oriented - Practice the 60% rule,[object Object],Trust your gut,[object Object],Innovation mentality,[object Object],Give them what they don’t know they want,[object Object],Differentiation– everything is a commodity,[object Object],Leverage resources,[object Object],The best people - still ,[object Object],Create a great organization – strengthen your culture,[object Object],Celebrate the opportunities - No Victim mentality,[object Object],Focus on bottom line growth,[object Object]
THIS IS A TIME OF OPPORTUNITY!,[object Object],To make it better than it has ever been,[object Object]
Download my presentation:,[object Object],www.slideshare.net,[object Object],www.joelstrom.com,[object Object],Joel Strom,[object Object],Joel Strom Growth Management,[object Object],Renaissance Executive Forums,[object Object],4747 N 7th Street Suite 145,[object Object],Phoenix AZ 85014,[object Object],602-276-3033,[object Object],Joel@joelstrom.com,[object Object],This presentation and all related processes ©2010 Joel Strom Ltd,[object Object]
Reinventing Your Company For Your New RealityMaking it Better Than it Has Ever Been,[object Object],Presented By,[object Object],Joel Strom,[object Object],SEI – 7 Group,[object Object],Scottsdale AZ,[object Object],March 20, 2010,[object Object]

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