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[NameRedacted] “Phoenix” Strategy Paper Board Meeting XX.XX.20XX

Real Turnaround Strategy Paper

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Page 1: Real Turnaround Strategy Paper

[NameRedacted] “Phoenix” Strategy Paper

Board Meeting XX.XX.20XX

Page 2: Real Turnaround Strategy Paper

Purpose of this paper• To analyse current strategic position of

[NameRedacted] • To provide ideas for the future direction

of the organisation

Page 3: Real Turnaround Strategy Paper

Current positionBased on current trends [NameRedacted] will achieve XXm in sales this year;

X.Xm under target!

0'000

2'000'000

4'000'000

6'000'000

8'000'000

10'000'000

12'000'000

April June August October December February

Budget Actual Projected

Not actual data

Page 4: Real Turnaround Strategy Paper

Current positionXm less than last year.

0m

5m

10m

15m

20m

25m

30m

35m

05 06 07 08 09 10 11 12 13 14

Not actual data

Page 5: Real Turnaround Strategy Paper

Cause

Can we identify the cause of [NameRedacted] business decline?

Based on my research, the following interconnected causes exist:

Page 6: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 7: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 8: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 9: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 10: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 11: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 12: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 13: Real Turnaround Strategy Paper

Pilots might call this a graveyard spiral

Page 14: Real Turnaround Strategy Paper

This is an accidental maneouver in low visibility that is difficult to recover from because the intuitive response (pulling up), increases the problem.

Page 15: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

No compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

No clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Rather than attempting to solve the biggest problem, you must solve the most root problem. The one that is not caused by any of the others.

Page 16: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure not

adapted

Prices too high

compelling vision for company

Motivation to do great work

missing

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

Attempting to be everything to

everyone

clear business model

Attempting to serve markets

that do not exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Solving these problems will create positive domino effect, making it easier to turn the business around.

Page 17: Real Turnaround Strategy Paper

Low morale

Bad customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Damaged Brand Image , lacking

credibility

Market Saturated , heavy

competition

Organisational structure adapted

Prices too high

compelling vision for company

Motivation to do great work

Our offering to the market is not

clear

We have no unique market

positionNot winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 18: Real Turnaround Strategy Paper

Low morale

Great customer service

Ineffective sales techniques

Not enough general sales

training

Losing large customers

Not working together well

Restore brand , improve

credibility

Market Saturated , heavy

competition

Organisational structure adapted

Prices competitive

compelling vision for company

Motivation to do great work

Our offering to the market is not

clear

We have a unique market position

Winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Losing money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 19: Real Turnaround Strategy Paper

Positive morale

Great customer service

Ineffective sales techniques

Not enough general sales

training

Retaining large customers

Not working together well

Restore brand , improve

credibility

Market Saturated , heavy

competition

Organisational structure adapted

Prices competitive

compelling vision for company

Motivation to do great work

Our offering to the market is

clear

We have a unique market position

Winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Making money

Pressure to reduce costs

Pressure to increase revenue

Stress

Page 20: Real Turnaround Strategy Paper

Positive morale

Great customer service

Ineffective sales techniques

Not enough general sales

training

Retaining large customers

Working together well

Restore brand , improve

credibility

Market Saturated , heavy

competition

Organisational structure adapted

Prices competitive

compelling vision for company

Motivation to do great work

Our offering to the market is

clear

We have a unique market position

Winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Making money

More money to spend on the

business

Excitement to increase revenue

Stress

Page 21: Real Turnaround Strategy Paper

Positive morale

Great customer service

Great sales techniques

Lots of stimulating sales training

Retaining large customers

Working together well

Restore brand , improve

credibility

Market Saturated , heavy

competition

Organisational structure adapted

Prices competitive

compelling vision for company

Motivation to do great work

Our offering to the market is

clear

We have a unique market position

Winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Making money

More money to spend on the

business

Excitement to increase revenue

Energised

Page 22: Real Turnaround Strategy Paper

Positive morale

Great customer service

Great sales techniques

Lots of stimulating sales training

Retaining large customers

Working together well

Restore brand , improve

credibility

Market Saturated , we enjoy healthy

competition

Organisational structure adapted

Prices competitive

compelling vision for company

Motivation to do great work

Our offering to the market is

clear

We have a unique market position

Winning good new customers

be specialised to specific customers

clear business model

serve markets that do exist

Making money

More money to spend on the

business

Excitement to increase revenue

Energised

Page 23: Real Turnaround Strategy Paper

Compelling Vision

[NameRedacted] is the best [type of business] in [market].

We work with people that provide [our products and services] to [the end user], to make sure [core value proposition].

Get to know us.

Page 24: Real Turnaround Strategy Paper

Once upon a time, [old story]. [Exposition of old story, descriptions of reality then]. Since then [history summarised. What has happened since the business started that has reshaped the world. Filler text, to fill up the space. More filler. A little bit more.]. Today, [description of the current reality, what has dominated at the expense of the business. Some filler space, to fill up the extra space in this line. ]. But [why the business is still relevant. How a lack of focus on the industry the business is in has created new opportunities to serve people in a totally new way. Description of how important the products and services are even if they are no longer sexy.]. That's why, [the new direction the business is taking. A lengthy description of how we add significant value to customers that allows them to do the sexy things in their business that generates large amount of value. Without this business, the customers couldn’t do anything. Most other companies that do what this business does, do many other things besides, instead of trying to spread out like them, this business could double down and become the absolute best at what it does].

Page 25: Real Turnaround Strategy Paper

Infographics of Business Strategy

Page 26: Real Turnaround Strategy Paper

Infographics of Business Strategy

Page 27: Real Turnaround Strategy Paper

Infographics of Business Strategy

Page 28: Real Turnaround Strategy Paper

Infographics of Business Strategy

Page 29: Real Turnaround Strategy Paper

Compelling Vision

[NameRedacted] is the best [type of business] in [market].

We work with people that provide [our products and services] to [the end user], to make sure [core value proposition].

Get to know us.

Page 30: Real Turnaround Strategy Paper

Ineffective Implementation: Top DownOne person writes the

vision for the organisation

Board approves new vision

Team is informed of new vision

Nobody finds the vision compelling

Page 31: Real Turnaround Strategy Paper

Effective Implementation: Bottom UpExample: Appreciative Inquiry

Design • Determine what should be • Create a strategy based on input

and gather feedback, iterate.

Discover • Appreciate what is • Interview colleagues to

determine what we are best at

Dream • Imagine what could be • Lead positive workshop to

play with what could be

Destiny • Create what will be • Symbolically commit entire team to

strategy and adopt execution plans

Page 32: Real Turnaround Strategy Paper

Clear Business ModelValue proposition: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Customers: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Channel: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Customer relationship: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Revenue: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Costs: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Key resources: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Key activities: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] Key partners: [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz]

Page 33: Real Turnaround Strategy Paper

Clear Business ModelOn the next two slides I have [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz] [abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz][abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz abcdefghijklmnopqrstuvwxyz]

Page 34: Real Turnaround Strategy Paper

Infographics for Market Strategy

Page 35: Real Turnaround Strategy Paper

Infographics for Market Strategy

Page 36: Real Turnaround Strategy Paper

Next Steps[abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz abcdefghijkl mnopqrstuvwxyz]

Page 37: Real Turnaround Strategy Paper
Page 38: Real Turnaround Strategy Paper

Infographic

What might [NameRedacted] look like over the next few years through this dip?

Page 39: Real Turnaround Strategy Paper

In Greek mythology, a phoenix is a long-lived bird that is cyclically regenerated or reborn.

Associated with the sun, a phoenix obtains new life by arising from the ashes of its predecessor.

Page 40: Real Turnaround Strategy Paper

Is [NameRedacted] a Phoenix?

Can [NameRedacted] be reborn as the Number #1 [business type] in

[market]?