Fit for Growth: A Guide to Strategic Cost Cutting, Restructuring, and Renewal
A practical approach to business transformation
Fit for Growth® is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70–plus years of strategy consulting experience and in–depth research, the experts at PwC s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy& s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high–value performance while enabling fundamental change.
Strategy& has helped major clients around the globe achieve significant and sustained results with its research–backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to:
- Achieve growth while reducing costs
- Manage transformation and transition productively
- Create lasting competitive advantage
- Deliver reliable, high–value performance
Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy–in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth–oriented change, with expert guidance on getting it right.
∗Fit for Growth is a registered service mark of PwC Strategy& LLC in the United States.
Dimensiuni: 164 x 237 x 26 mm
Greutate: 0.47 kg
Locul publicării: Hoboken, United States
Textul de pe ultima copertă
"Building a company for growth requires efficiency, confidence, and innovation. What I love about this book is how accurately it captures the business world in which we live. Based on their vast experience, the authors offer valuable perspective on how to ensure your organization′s competitive fitness for the future."
RICHARD ASHWORTH, President of Pharmacy and Retail Operations for Walgreens
"Growth–oriented companies have the foresight, courage, and discipline to focus on what truly brings distinctive value to their customers, making tough trade–offs to invest in and execute only those ideas with the greatest impact for their customers. Fit for Growth expertly and succinctly details how organizations need to work, think, and act differently to align their growth agendas with their cost agendas and ensure profitable and sustainable growth."
KRISTI SAVACOOL, CEO of Aon Hewitt
"Fit for Growth is a comprehensive guide for any organization searching for accelerated growth, especially in a low–growth environment. The book′s practical examples provide clarity on how efficiency, cost consciousness, and strategy can be combined in a stimulating way."
DR. WOLFGANG BÜCHELE, CEO of Linde AG
"Fit for Growth reminds us that strategic clarity and coherence set companies apart, but that choices on efficiency and focus are required to drive investments in strategy and maximize shareholder returns."
SEAN CONNOLLY, President and CEO of ConAgra Foods
"Fit for Growth provides excellent insights on how to strike the right balance of driving a growth agenda while staying cost competitive, including not only a conceptual framework but also hands–on, practical, and highly relevant implementation guidance."
DR. RAINER MARTENS, Member of the Executive Board and COO of MTU Aero Engines AG
"Having lived in the trenches with the authors, I came to know the full price of clutter and complexity. Fit for Growth is a blueprint for reigniting growth and unlocking value that has been tested in many of the deepest trenches a real reminder that growth is about purpose, simplicity, and discipline."
JOHN BERISFORD, President of S&P Global Ratings
"Fit for Growth provides excellent guidance to executives who want to drive profitable growth and align winning strategies with a sound cost structure and operating model. Tangible examples and practical techniques show how to provide the leadership required in a forward–thinking, cost–effective, and operationally sound organization."
SANDRA M. VOLPE, SVP of Strategic Planning, Communications, and Contractor Relations for FedEx Ground
Preface Chapter 1 Do You Need to Cut to Grow? Circuit City: The Ostrich Approach IKEA: Elevating Cost Optimization to an Art Form The Fit for Growth Index Chapter 2 Becoming Fit for Growth: The Restructuring and Renewal Journey Focus on differentiating capabilities Reorganize for growth I. The Operating Model III. Talent Enable Change and Cultural Evolution Continuous Cost Fitness Renewal Chapter 3 The Leader's Role: Aligning Costs with Strategy How Do You Know When It's Time? THE THREE CORE QUESTIONS LEADERS ASK Chapter 4 Levers of Cost Reduction: What, Where & How Setting the objective Identifying differentiating capabilities Selecting the cost-reduction levers Chapter 5 Portfolio Rationalization: Decide What Business You Should Be In What is Portfolio Rationalization? When to Use Portfolio Rationalization How to Rationalize the Portfolio Portfolio Rationalization Best Practices Chapter 6 Zero Basing: Justify What to Keep, Not What to Kill What Is Zero Basing? A Versatile, Holistic Cost Lever When Should You Zero Base Your Capabilities? How to Zero Base Your Capabilities Zero Basing Best Practices Pitfalls to Avoid Chapter 7 Aligning the Operating Model: Redefine Where Critical Work Gets Done Operating Model Elements and Archetypes When to Redesign Your Operating Model How to Redesign Your Operating Model Operating Model Best Practices Pitfalls to Avoid Chapter 8 Outsourcing: Let External Providers Generate Value for You What is outsourcing? When to Outsource The Outsourcing Process: How it works Outsourcing Best Practices Pitfalls to Avoid Chapter 9 Footprint Optimization: Rethink Your Operations and Overhead Locations What is footprint optimization? When to Use Footprint Optimization Footprint Optimization: How it works Chapter 10 Process Excellence: Simplify Work and Minimize Bureaucracy What is Process Excellence? When to use Process Excellence A guide to Process Excellence Aligning Process Excellence with other cost levers Chapter 11 Spans and Layers: Flatten and Empower the Organization What is a spans and layers restructuring? When to restructure spans and layers How to restructure spans and layers: five steps to a leaner organization Chapter 12 Strategic Supply Management: Extract More Value from Your Purchases What is strategic supply management? When should a company use strategic supply management? Making it happen: a guide to strategic supply management Chapter 13 Digitization: Make Technology a Game Changer What is digitization? When to use digitization How to digitize Chapter 14 Running a Cost Transformation: Mobilizing, Scaling, and Sustaining PHASE 1: DIAGNOSTIC AND CASE FOR CHANGE PHASE 2: DETAILED DESIGN PHASE 3: EXECUTION Chapter 15 Morale, Emotions, and Expectations: Leading During a Restructuring PHASE 1: OPPORTUNITY, BUT FOR WHOM? PHASE 2: ANXIETY SURFACES PHASE 3: TURMOIL BUT ALSO GLIMMERS OF SOMETHING BETTER Chapter 16 The Human Element: Getting People Ready, Willing, and Able to Change Elements of a Culture-led Change Management Program PHASE 1: DIAGNOSTIC AND CASE FOR CHANGE PHASE 2: DETAILED DESIGN PHASE 3: EXECUTION Chapter 17 Staying Fit for Growth Strategic Levers: Translating Strategy into Performance Operational Levers: Executing Against the Plan Organizational Levers: Assign Accountability and Reward Cost Consciousness Cultural Levers: Unleashing the Individual Sense and Sustainability: Getting from Here to There Notes Acknowledgments About the Author Index
JOHN PLANSKY is an executive at State Street.
DENIZ CAGLAR is a principal with PwC US.
The authors bring more than 70 years of combined strategy and business transformation consulting experience and the unrivaled industry and functional capabilities of the PwC network to solve companies′ toughest problems and help them capture their greatest opportunities. Strategy& is PwC′s strategy consulting business.