Three Management Steps

Question 1

What are the three management steps that Knustorp used for Lego?

Answer 1

1. Manage for Cash.
   Focus on keeping down the net working capital.
   Reduction of SKUs, inventory, liabilities, minimise investment/divest in non-core assets.
2. Manage for Value.
   Align organisation on few Key priorities.
   Establish strong SOP process, supply chain efficiency, enable commercial discipline.
3. Manage for Growth.
   Invest in people and assets that fit company’s vision
   Switch leadership from directing to enabling.