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Reinvent your business

Reinvent your business. Parikshit Jain – 08EM-028 Deepanker Agarwal – 08EM-014 Sushan Rungta – 08EM-048 Prabhjyot Singh – 08EM-030 Raunaq Singh – 08EM-034 Uday Singh – 08EM-049. Phases of Business. Diversification , Reinvent. Marketing , Sales , Strategy. Innovation, Investment.

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Reinvent your business

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  1. Reinvent your business Parikshit Jain – 08EM-028 DeepankerAgarwal – 08EM-014 SushanRungta – 08EM-048 Prabhjyot Singh – 08EM-030 RaunaqSingh – 08EM-034 Uday Singh – 08EM-049

  2. Phases of Business Diversification , Reinvent Marketing , Sales , Strategy Innovation, Investment Acquired , Private, Bankruptcy

  3. High Performers vs Average

  4. Hidden capabilities curve • High performers develop high capabilities • Examples • Dell with its direct model of PC sales • Wal-Mart with its unique supply chain capabilities • Toyota with not just its production method but also its engineering capabilities, which made possible Lexus’s luxury cars and the Prius

  5. Hidden talent curve • Companies often lose focus on developing and retaining enough of what we call serious talent—people with both the capabilities and the will to drive new business growth • The high performers maintain a steady commitment to talent creation

  6. Edge Centric Strategy • To make reinvention possible, companies must supplement their traditional approaches with a parallel strategy process that brings the edges of the market and the edges of the organization to the center • Moving the edge of the market to the center • An edge-centric strategy allows companies to continually scan the periphery of the market for untapped customer needs or unsolved problems • Moving the edge of the organization to the center • Frontline employees, far-flung research teams, line managers—all these individuals have a vital role to play in detecting important shifts in the market.

  7. Change at the Top • Early top-team renewal - Intel • Balance short-term and long-term thinking - Adobe • Organize to avoid overload • Surplus Talent • Hire for cultural fit – Four Seasons Hotel and Resorts • Prepare for challenges ahead - GE • Give employees room to grow – P&G

  8. Conclusion • Every organization is vulnerable to slowdowns. • In fact, an economic downturn can exacerbate problems for companies already nearing the end of their financial S curve • Even in the best of times, business crises • whether they are caused by hungry new competitors • transformational technology • or simply the aging of an industry or a company—come with regularity • Companies in other industries may be feeling great, while your business (or industry) faces its own great depression

  9. Recommendation • No business is stable • Only thing constant is change • Innovation quotient to be high • Re-invent mandatory • Strategies to be devised at right time • Connect between engineering and management • Sales/Management to be aware of the skill sets and capabilities of the company • Realistic estimates • Ideas get implemented and matured

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