transformation

Question 1

5 key factors for successul transformation

Answer 1

leadership
aspirations
structure
engagement 
resources

Question 2

was ist LEADERSHIP?

Answer 2

leader needs to be visible

having a role model to follow

Question 3

was ist ASPIRATIONS?

Answer 3

know exactly what you want to change

where you want to go

Question 4

was ist STRUCTURE?

Answer 4

clear structure for the program

Question 5

was ist ENGAGEMENT?

Answer 5

everyone must be on the same boat

focus on building frontline ownership and changing mindsets and behavior

Question 6

was ist RESOURCES?

Answer 6

focusing on people with cash but also dedicated

dedicated, top talent and willingness to move on blockers

Question 7

6 transformation steps

Answer 7

1 independent diligence
2 bottom up planning
3 transformation implementation
4 performance infrastructure
5 mindset and behaviour change
6 ability to execute

Question 8

independent diligence?

Answer 8

establish the trajectory and full potential of the business using an investor due diligence

Question 9

bottom up planning?

Answer 9

developing a transformation plan (initiatives/financials) which is fully owned by the line leader

Question 10

transformation implementation?

Answer 10

launching a full scake effort to drive value to the bottom line

focusing on a bias to action it is important to build early momentum

act on opportunities

Question 11

performance infrastructure?

Answer 11

using relentless cdence to ensure superior execution and value delivery to the bottom line

core elements:
> people
> process
> tool and reporting

Question 12

mindset and behaviour change?

Answer 12

taking tactical action to change the mindsets and behaviors necessary to reach and sustain full potential

boat

Question 13

who is on the boat?

Answer 13

pirates:
married to past, opposed to change
try to sabotage

passengers:
along for the ride, not taken a leap of faith
don’t believe in transformation, just see what happens and if its successful they will support transformation

crew:
interested in the program
require additional skills to fully contribute
engaged and believe in transformation

captains:
high performers who are also carrying the transformations
transformation carriers - they have all the tools for it

Question 14

4 components of influence model

Answer 14

ROLE MODELLING
i see my leades, colleagues, and staff behaving differently

COMPELLING STORY
i understand what is being asked of me and it makes sense

SKILLS REQUIRED FOR CHANGE
i have the skills and opportunities to behave in the new way

REINFORCEMENT MECHANISMS
i see that our structures, processes, and systems support the changes i am being asked to make