Stuck putting out daily fires? Adopt a comprehensive framework to keep your business on track.
There is no one-size-fits-all method to improve performance. However, the most important prerequisite is setting up a well-structured organization鈥攖he right people, processes, and systems鈥攖hat can support step-change improvements by freeing corporate leadership from putting out routine fires to focus on strategic initiatives, such as launching new products or pursuing acquisitions. Without building an organization capable of executing daily operations, the C-suite won鈥檛 be able to focus on big-picture performance improvement and the company will stagnate.
Companies know when the business is off-track. Delivery to customers is delayed. Cash flow is highly unpredictable from month to month. The upper management is far too involved in ensuring day-to-day execution. In contrast, well-run organizations have in place the processes and people to anticipate and deal with problems in a timely manner to keep things running smoothly.
Any business can improve by adopting a strategic-minded performance improvement framework. The only caveat is, leadership must acknowledge that it needs help and be willing to examine its situation objectively and accept unbiased remedies. Such a candid approach can drive rapid and, more importantly, sustainable performance improvement across the business:
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CEOs and strategy leaders face increasing pressures to preserve margins, drive growth, and deliver lasting value. To make that happen, many are turning to performance improvement initiatives.
Improving commercial best practices through improvement of pricing, salesforce effectiveness, product mix, customer focus, etc.
Execution of manufacturing operations and production performance
Securing supply for core products / services as well as non-essential products / services
Positioning of production and operational activities in terms of geographical location, size, and product range
Driving efficiency in R&D / engineering utilization, productivity, and output
Improving organizational structure and best size for a business
Improving short-term financial health (i.e. current assets vs. current liabilities)
Efficiency of company spend to operate and grow
乐鱼(Leyu)体育官网 has a wide-ranging performance improvement framework to help C-suite leaders execute a practical and sustainable business transformation:
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Phase 1: Rapid quantification of opportunities:
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Phase 2: Move to value capture:
Once initiatives are identified, be very methodical about executing planned steps in order of priority with the right resources and a realistic timeline
Use hard facts to support the case for change and get the executive team aligned to the task at hand
Early wins matter, tracking them goes a long way toward driving buy-in
Day-to-day distractions are a reality, it鈥檚 important to have a core group of people waking up every day focused on program success
Aligning incentive structures to program objectives can be the difference between success and failure
乐鱼(Leyu)体育官网 teams mobilize quickly to jump start the momentum you need to respond to the challenges your company is facing. Achieve sustainable results with an execution plan that we develop in collaboration with your team to implement. Empower your company with the right structure and process to make business performance improvement a daily habit, not one-off projects.
A metallic components supplier with multiple plants worldwide engaged 乐鱼(Leyu)体育官网 to improve performance, focusing on operations and purchasing. Our mandate was to help the client identify key areas for improvement, prioritize tasks, and implement immediate changes. We established a project management office at the client鈥檚 headquarters and conducted a six-week accelerated opportunity assessment alongside quantitative benchmarking and qualitative capability review. We tested process and system interactions for robustness, and reviewed direct and indirect spend, including key contracts and current procurement practices. Working closely with the client鈥檚 counterparts, our dedicated team also set up a joint measurement and tracking system to provide frequent progress reports.
Within five months, scrap rates were significantly reduced, and operational improvements in quality and on-time delivery led to the client being removed from the 鈥渘o bids鈥� list, securing multi-million-dollar new contracts. The performance improvement program culminated in over 390 percent year-over-year EBIT improvement, laying a strong foundation for future growth.
Learn more about how Performance Improvement delivers value
What sets apart good from great strategy leaders? It's their ability to make better strategic decisions that reduce waste so they can efficiently grow their business.
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Performance improvement delivers value
As leaders navigate continued volatility, performance improvement remains an essential competency for preserving margins and increasing value. By continually managing costs and boosting efficiency throughout the business, leaders can keep generating savings to reinvest into higher-return activities.
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At 乐鱼(Leyu)体育官网, we combine data, insights, and execution capabilities to help you prioritize and deliver value. Drawing on proprietary data and robust analytics tools, we identify opportunities for improvement鈥攁nd then apply extensive sector experience to help you execute.
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Our performance improvement offerings are designed to sustainably enhance your business鈥檚 financial trajectory, balancing growth and cost control. From strategy to execution, we can help you confidently achieve measurable improvements.
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乐鱼(Leyu)体育官网 performance improvement services
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Value Creation
Value is at the center of everything we do, meticulously balancing risk and reward. Our strategies are designed to help you maximize returns while safeguarding your investments, ensuring sustainable business growth.
Leadership Engagement
Emphasizing leadership commitment and employee engagement, we foster a culture of continuous improvement. Aligning your team鈥檚 efforts with strategic goals enhances morale and productivity, driving long-term success.
Data-Driven Insights
Leveraging data-driven insights uncovers opportunities to boost performance and profitability. Advanced analytics tools provide precise, actionable intelligence to optimize your decision-making processes.
Process Optimization
Reimagining processes and ways of working helps create superior experiences for all stakeholders. Our tailored solutions help streamline operations, enhance efficiency, and improve stakeholder satisfaction.
Stay ahead with insights and actionable strategies designed to elevate your business performance across your organization.
Learn how 乐鱼(Leyu)体育官网 can help uncover opportunities to decrease costs, increase efficiency, and create value through continuous performance improvement.