Innovating for Growth in a Market Downturn
Challenge: A new chairman/CEO of a high-tech company had identified aggressive growth targets despite a major downturn in their traditional market. In order to succeed, three division presidents accustomed to operating independently were going to have to work together as a team to develop a new response to these dramatically changing conditions.
Solution: We designed and led a strategy assessment retreat designed to help the newly forming executive team create an innovative shared vision and mission, and gain commitment to taking specific actions that would lead them to extend their existing technological strengths into completely new markets.
Results: The chairman/CEO reported that the company's consistent achievement of its ambitious growth targets over subsequent years could be traced to forming a new shared vision and mission, and to the decisions and commitments that were made at the retreat to apply their technologies to new markets.
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Our Case Studies
Growing an R&D Organization in China
Transitioning Business Models for Growth
Building Powerful Strategic Relationships
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