Thomas Cook Flashcards
Company
Thomas Cook Group
Rev 9B GBP 1 in Travel in UK 1 or 2 in all Marktes 17 Marktes alltogether 27000 employees globally CEO Peter Frankenhauser
TC Business Systems
Business Turnaround wave 2
- Profitable growth through trusted and personalized products
- High tech/high touch - digital business
- Efficient structures and systems through lean and innovation
- Top to bottom leadership and relentless performance management
–> driving 400m benefits by F18
November results headlines
Narrowing of losses All businesses profitability up EBIT growth 43% De-risked rev to improve rev quality Stronger balance sheet Strong foundation for digital growth Cautious outlook for F15 Stock down due to Harriet Green exit
TC core values
Succeed as One team Deliver for our customer Engage each other Drive for results Act with integrity
Digital progress
Double digit increase online bookings
Web pen up 38% from 36% F13
F15 targets
New product rev 700m GBP Web pen >50% Cost out > 500m (up from 460) Sales CAGR > 3,5% GM improvement > 1,5 % EBIT margin >5% Cash conversion > 70 %
Role
lead
- delivery of IT function
- in support of Shared Services
- shared services demand mmgmnt.
- member of ContvEurope Exec
Role acct
United and inspiring leadership Empl engagement through collab. Role model values wow Dev consistent dev strategy Drive a culture of innovation Align with market strategy Cont. E Prio demand along business case/ gf Manage shared services inv. TCG CR
Acct: United and inspiring leadership
Stefan
Example Governance Dir
Context
P: deliver compliance across global ID
A: multi channel engagement approach, injected objectives, held LMs to account, engaged effectively across business. Del GnE report
R: compliance up and visible, recognition from CEO and CFO
Acct: Employee engagement through collaboration
Stefan
P: Context global company through career always managed dispersed teams
A: dependent on collaboration. Early on developed ideas how to best drive a common agenda across multiple geographies –> Embraced collaboration tools
R: Diageo value survey –> achieved high scores around engagement topics, etc.
Acct: Role model/values/lS wow (Stefan)
Where have I acted as a role model re values?
P: Diageo values Driven Company PACC, FTS, VEO, POWD, BTB annual value Survey asking employees on how we do.
A: values reinforced in team meetings and call-Overs
R: Good value Survey results.
Acct: Dev consistent dev strategy (Stefan)
P: Governance Dir. - Responsible to refine and develop the Diageo Delivery Method… 1. One size fits all didnt work 2. inconsistent reporting
A: Implemented risk based governance approach and KPIs to track progress and provide “independent” and objective updates to CIO and leadership team - outcome focused
R: Introduction of governance managers for high risk projects. Much improved visibility on project health. Periodic Governance meetings, status tracking on Leadership level
Acct: Drive culture of innovation (Stefan)
P: Personally I like innovation … tend to be an early adopter of technology .. etc … in my role as Portf ,nmgnt Gov Dir we as a LS team took a stand to generate 1B GBP worth in value which had intigued the org.
A: was memebr of the the panel that assesed submitted idead through the process
R: Ultmatly we achieved the stand .. I personally contributed an idea worth 50m GBP
Acct: Align with market strategy / Cont E?? (Stefan)
P: Main acct as GDBS Dir Russia, EE, Turkey. Most challenging market relationship… partially cultural, partially result of outcome of decentralisation - new role in market… met quite a bit of challenge/reservation
A: Concentrated on building key relationships across leadership team … MD, Supply Director, market GMs
R: Over 2 years in a row obtained ~2m GBP of funding. [More??]
Acct: Priotisation along business case/governance framework (Stefan)
P: in order to obtain any funding of the global project portfolio needed to work with business to develop business case and have business stakeholder own business outcomes
A:
R: Across the functional areas different set of results. Function of capability within function and resourced bandwidth on our end