Business
Issue 1: Global industry leading manufacturer of fastening
devices required a new strategy to address growing global competition
and emerging product substitutes.
Business Issue 2: Global
provider of security and investigations required a high-growth strategy
in a turnaround environment, having executed numerous recent acquisitions.
Business Issue 3: Worldwide
publisher was given a mandate by the board of directors to develop
and implement a new business model in line with changing publishing
trends, offshore printing options, and e-commerce opportunities.
Approach
Used:
Matt Stevens of Flow Consulting employed the following approach:
1.
Analyzed company’s core capabilities
2. Collaboratively set goals with leadership team
...... A. Long-term vision
...... B. Strategic initiatives
3. Analyzed company’s industry
...... A. Evolution and trends
...... B. Competitors, customers, suppliers,
and business partners
4. Established and shaped value proposition and long term strategy
5. Segmented customers by revenue and profit
6. Identified and evaluated opportunity tiers
7. Developed business plans for short and long term horizons
8. Constructed detailed implementation plans centered on profitable
high growth
RESULTS
Business
Issue 1: Fastening Manufacturer executed a new strategy
with a high level of buy-in at all levels which included implementation
of lean manufacturing across consolidated sites and diversified product
design resulting in innovative fastening solutions.
Business Issue 3: Security
and investigations firm leadership team secured board approval and
employee commitment to a strategic plan driving 15% compounded annual
internal growth with a business-doubling acquisition strategy in year-3
of the plan.
Business Issue 2: Publisher
adopted and executed a strategy shifting the business from a publisher/distributor
model to a direct online marketer model achieving increased revenue
with an 80% reduction in titles, 60% reduction in inventory, and 60%
reduction in overhead costs.