Presenting Problem
Many transformations fail for a multiple of reasons including: the top team isn’t aligned around the change story, the organization doesn’t set credible performance targets, the organization celebrates activities rather than outcomes and organizations don’t have the bench strength to be successful.
While working with a large multinational manufacturing organization (15 locations worldwide) where costs were substantially out of control, I was asked to set up a global cost leadership transformational program to target its operational costs while building sustainable practices for the organization. After initial interviews with the business executive team, it was evident that the leaders were not aligned on the existing problem, nor did they recognize or believe they were operating at 3rd quartile amongst its competitors. Since the organization was still making money, the problem was unclear to the executive leadership and there was a general acceptance of their competitive position both internally and externally. As you can imagine, this sentiment was rapid throughout the organization too! The trick was how to bring 3 different regions (America, Europe, Asia) together in a way that drove performance while empowered leaders to make a difference.
The Approach
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Set up a Global Programme Transformation Office including governance & target setting
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Development of a strategic narrative- compelling case for change
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Delivered multiple top team alignment sessions (both regional & global)
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Set up global cadence structure including and transformation teams....
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Designed a meaningful change & communication strategy
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Relentless project management focus
The Impact
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Set a cadence structure that drove performance improvements
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Established an owner’s mindset- focusing on long term sustainable value creation
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Created a relentless focus on execution for a savings of 198M in the first year
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Critical focus on delivering and leadership commitment to the bottom line
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Increased focus, energy and repetition for the organization
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Closed the gap to potential and increased the organization competitive positioning