a Strategic Choice. By Dekin O'Sullivan. Introduction. â The company. â Aims of the presentation: - Assess strategy execution. - Give a recommendation: drop.
The company Aims of the presentation: - Assess strategy execution - Give a recommendation: drop strategy, continue or expand Presentation ouline: positioning, options, some issues with the strategy implementation, assessment.
1
Positioning
Industry changes: - Derivative market - Shortening product life cycles and customization. The « Beyond budgeting » book.
Options
Alternatives to going « beyond budgeting »? (hire and train specialists, reduce risk exposure, …) But… Need for a competitive advantage What happens when you abandon budgets? Is it a viable solution? The Handelsbanken case.
2
Strategic objectives
Financial objectives: reduce costs and growth. Non-financial: entrepreneurial culture A meta-strategy
Some issues with implementation
Not fully implemented Organizational charts Compensation system A pilot project? A question of size? A question of culture?
Wealth Management International performances before tax 6000
CHF million
5000 4000 3000
Series1
2000 1000 0 2001
2002
2003
2004
2005
2006
Execution assessment (cont.)
Non-financial indicators:
-
Improved communication with the markets
-
Awards
5
Conclusion
The strategy is not harmful Still needs to be tested in a bearish market Assessment : implementation and execution are a success Recommendation : gradually extend to other divisions. But can it work for other divisions?
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