Technology Limbo
Conference snoozefests: why DO we have Powerpoint?
The Usual Suspects
Companies need to make managing change a COMPETENCE, not just have experienced a lot of change
Business Networking Events and Singles Parties... are really the same.
CPM explained - Interview with Ian Gotts, author of Common approach, Uncommon Results
The companies, who want to adapt themselves to the changing competition conditions in a short time, support their improvement activities with various management types, information technologies and accumulation management activities. One of the management approaches is CPM. Could you please provide brief information about CPM?
It is expected that the demand for CPM will be increasing in 2005. Do you think there is an inclination to CPM solutions in today's environment? Could you give some numbers as an example to this increase?
One final point, is that for some Business Intelligence software vendors CPM is seen as simply Planning and Budgeting for the Finance Department. This is far too narrow a definition.
Do you think the companies started to apply CPM in an efficient way?
Every company has a different driver (or catalyst) for starting to get a better understanding of the metrics, processes, roles and responsibilities in their business. Only once the basics are in place can a company consider CPM.
We are already seeing companies with fantastic benefits from applying CPM, and these projects have been delivered in less than 12 months. For example Lockheed Martin, the defence contractor, in the UK has reduced costs by $8m this year and expect year on year savings of $6m, and have identified process improvement savings of $21m. This has resulted in their contract win rate going from 30% to 100%.
The greater level of awareness, plus the improvement of the economy combined with strong competitive pressures is forcing every company to consider how it can improve its operational performance. And that is what CPM is focused on.
Time, cost and efficiency-based directing and monitoring are essential to achieve success of the projects that have been started by the companies, who want to adapt themselves to the competitive environment. What could be the difficulties that a company faces with during the realization of the strategies? How can a company overcome these difficulties?
With any initiative / project the challenge is getting the changes in working practices or improvements, which were identified by the project team, adopted or accepted by the rest of the company.
In the book we have a formula R = I x A2 where R is the result for the company, I is the initiative / project and A is Adoption of the changes suggested by the Initiative. Some people have said it should not be A2 (squared) but An where n=14. It is FAR more important to get adoption for a few key initiatives than no adoption on a huge range of disconnected initiatives. < /FONT>
For the success of the organisations, the ability to realize the strategies is as important as determining them. The research shows that only 10% of the companies realise strategies successfully. What is the most important reason for this?
I think that there is a real problem with company's ability to translate the strategy into a series of activities which are clearly communicated and can be understood at the lowest levels in the organisation. The strategies stay in senior management's heads, and the workers carry on as normal.
When the CEO says "We will be more Customer Focused", what does that mean for the Call Centre operator? Should they pick the phone up and smile, or give a bigger discount. The critical part is "How to you want me to act differently based on the corporate strategy, and how am I going to be mesured".
The approach of hierarchically breaking down the top level picture of the business (the strategy) which is described in terms of metrics (outcomes) and activities to deliver those outcomes (processes) is THE way to communicate the strategy and turn it into reality.
Two of the reasons of project failure are not to spread the project deliverables amongst employees and not to connect the strategy to the people's daily operations. What must the companies do for the possession of the strategies by the employees? What are the benefits of the adoption of the project outputs and the strategy?
If a company applies the CPM in an effective way would there be an increase on its profit?
Of course that is what we are seeing from our clients in profit making industries. In non-profit making industries (Government) we are seeing reduced cost, or additional capacity.
Do you have any advice for small and medium sized companies? What do they have to do in order to increase their profitability? How must they use CPM?
Advice to new CEO's.
AQPC Reports after 12 months research on "Why Process Management?"
Actually said in Courts
Some new words (and their definitions) for 2005
TESTICULATING
Waving your arms around and talking bollocks
Definition of Success
Chinese version of book a success.... first 5,000 copies sold
Video interview revealing an unusual use of book
Keynote - DIA - Prague
The number 7....
The number 7 is a recurrent theme in our universe. It represents the
number of; days in the week; wonders of the world; sides of a 20p and
50p coin; million cubic feet of water let into the ocean by the Amazon
River every second; items most people can process and remember (called
the digit span); spikes on the statue of Liberty crown; days after a
Japanese baby's birth when celebrations take place (they also mourn
the seventh day and seventh week following a death). From cradle to
grave the number abounds in our daily lives.
Just a thought....
Book review in Computer Business Review
Book synposis and reviews
The first book - published
My background and thinking behind the book
Some insights into Ian’s past life, and the decisions which has shaped his career
© 2005 Ian Gotts - Powered by Blogger