{"id":10352,"date":"2022-01-24T07:03:31","date_gmt":"2022-01-24T12:03:31","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=10352"},"modified":"2022-01-22T13:06:34","modified_gmt":"2022-01-22T18:06:34","slug":"fit-for-growth","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/fit-for-growth\/","title":{"rendered":"Fit for Growth"},"content":{"rendered":"

\"\"A question faced by many business leaders in today\u2019s dynamic, uncertain, and changing business environment is: \u00a0Is our organization \u201cFit for Growth?\u201d\u00a0 In most cases, unfortunately, the answer to this question is \u201cno.\u201d\u00a0 Reasons include the manner in which costs are managed and resources deployed.<\/p>\n

The fundamental question needed to be asked is: how to assess whether the organization is Fit for Growth<\/a>?\u00a0 Such an assessment is effortlessly possible through answering the following 3 questions:<\/p>\n

    \n
  1. Does the company have well-defined Strategic Priorities that concentrate on strategic growth and which direct its investments?<\/li>\n
  2. Do the company costs align with the Strategic Priorities? i.e., efficient and effective employment of resources toward the Priorities.<\/li>\n
  3. Does the Organizational Structure<\/a> enable achievement of those Strategic Priorities?<\/li>\n<\/ol>\n

    Imagining the converse side of these queries makes the picture clearer. \u00a0That is, what are the consequences of: Not having clear Priorities, Inappropriate deployment of Costs, Not having a well-designed organization.<\/p>\n

    Positioning the company to be Fit for Growth requires basing it on the following 3 pillars of Growth:<\/p>\n

      \n
    1. Set clear Strategic Priorities.<\/a><\/li>\n
    2. Transform Cost Structure.<\/a><\/li>\n
    3. Reorganize for Growth.<\/a><\/li>\n<\/ol>\n

      \"\"<\/a><\/p>\n

      Setting the company on the 3 pillars enables it to direct investments towards the Capabilities<\/a> that are most crucial and reduce\u2014or eradicate\u2014other costs.\u00a0<\/strong><\/p>\n

      Let us delve a little deeper into the details of these 3 pillars.\u00a0<\/strong><\/p>\n

      Strategic Priorities<\/strong><\/h2>\n

      Numerous warning indicators are apparent if the Strategic Growth Priorities of a company are not crystalized.<\/p>\n

      Warning signs such as being unable to keep track of the numerous initiatives that the company has going at the same time.<\/p>\n

      Senior executives of the company attending lots of unrelated meetings in a day.\u00a0 Executives being divergent on the most important capabilities of the company and how they relate to the strategic objectives.<\/p>\n

      Areas that can distinguish the company from its competitors not being properly invested in.<\/p>\n

      Research has established an important correlation between Capabilities and Strategy.\u00a0 Capabilities require lots of attention and investment because of their cross-functional effect and limited number.<\/p>\n

      It is therefore, needed to have clear Priority regarding which Capabilities to invest in.<\/p>\n

      Cost Structure<\/strong><\/h2>\n

      Inappropriate Costs Structure is also an indicator of incorrect priorities, particularly the amount spent on non-essentials.\u00a0\u00a0<\/strong><\/p>\n

      Organizations aiming to be Fit for Growth make themselves lean and expend money purposefully. \u00a0They can maintain their commanding position in such Cost Transformations by pursuing the 12 principles.<\/p>\n

      Costs are managed for efficiency as well as effectiveness using tools and practices that are usually grouped into 3 categories.<\/p>\n

      Growth<\/strong><\/h2>\n

      Organizations, over time, become slow in reacting to opportunities and do not move quickly enough, or are not in-line enough to work in unison. \u00a0These are common manifestations, even in organizations that are run and managed well.<\/p>\n

      Interested in learning more about Fit for Growth?\u00a0 You\u00a0can download\u00a0an editable PowerPoint on Fit for Growth<\/strong> here<\/a>\u00a0on the\u00a0Flevy documents marketplace<\/a>.<\/p>\n

      Do You Find Value in This Framework?<\/h2>\n

      You can download in-depth presentations on this and hundreds of similar business frameworks from the\u00a0FlevyPro Library<\/a>.\u00a0\u00a0FlevyPro<\/a>\u00a0is trusted and utilized by 1000s of management consultants and corporate executives.\u00a0 Here\u2019s what some have to say:<\/p>\n

      \u201cMy FlevyPro subscription provides me with the most popular frameworks and decks in demand in today\u2019s market.\u00a0 They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions.\u00a0 I strongly recommend FlevyPro to any consultant serious about success.\u201d<\/p>\n

      \u2013 Bill Branson, Founder at Strategic Business Architects<\/p><\/blockquote>\n

      \u201cAs a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power.\u00a0 For us, it is an invaluable resource to increase our impact and value.\u201d<\/p>\n

      \u2013 David Coloma, Consulting Area Manager at Cynertia Consulting<\/p><\/blockquote>\n

      \u201cFlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients.\u00a0 In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over!\u00a0 The quality of the decks available allows me to punch way above my weight \u2013 it\u2019s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.\u201d<\/p>\n

      \u2013 Roderick Cameron, Founding Partner at SGFE Ltd<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

      A question faced by many business leaders in today\u2019s dynamic, uncertain, and changing business environment is: \u00a0Is our organization \u201cFit for Growth?\u201d\u00a0 In most cases, unfortunately, the answer to this question is \u201cno.\u201d\u00a0 Reasons include the manner in which costs are managed and resources deployed. The fundamental question needed to be asked is: how to… Fit for Growth<\/span><\/a><\/p>\n","protected":false},"author":110,"featured_media":10358,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[85,81],"tags":[2804,15,2825,2809,315,171,2824,2823,2611],"class_list":["post-10352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-organization","category-strategy","tag-capabilities","tag-cost-management","tag-cost-structure","tag-fit-for-growth","tag-growth","tag-organizational-structure","tag-resource-employment","tag-strategic-growth","tag-strategic-priorities"],"_links":{"self":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/10352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/comments?post=10352"}],"version-history":[{"count":7,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/10352\/revisions"}],"predecessor-version":[{"id":10362,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/10352\/revisions\/10362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media\/10358"}],"wp:attachment":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media?parent=10352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/categories?post=10352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/tags?post=10352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}