| Working
with the Executive Committee, Vericours developed and implemented
a management process assessment
focused on improving the firm's strategic decision-making processes
and practices.
Business
process characterization and re-engineering techniques were used
to define in detail, for the first time ever, how
various types of key strategic decisions were made. Goals, strengths,
weaknesses, sources of delay and other factors were noted and improvement
opportunities identified. Numerous improvements were then integrated
into a redesigned approach to this critical aspect of the business.
Market
forecasting techniques were strengthened and more explicitly linked
to the decision-making process for new products.
An improved infrastructure was implemented for gathering
and sharing key marketplace intelligence across the sales and marketing
organizations. The new product planning process itself was streamlined,
and re-engineered to incorporate more effective analysis of opportunities,
greater understanding of and focus on competitors, and better integration
with operational planning and budgeting activities. A more
significant role was defined for industry-focused marketing groups.
And decision-making approaches were streamlined
to facilitate higher quality executive involvement in the planning
process.
The improvements
in market focus and decision-making performance resulting from
these changes made a significant contribution to an improved growth
rate and increased financial strength.
|