49
Richard D. Smith, SMITH-TRG – September, 2009 http://www.SMITH-TRG.com Business Owners, Investors & Stakeholders Presentation, Washington, DC SMITH-TRG ‘Building U. S. Job Growth & Wealth Creation Machines’ -- What We Learned Doing ‘U.S. Road to Recovery’ Project --

Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Embed Size (px)

DESCRIPTION

SMITH-TRG 4 Steps to Enterprise Reinvention Innovatively Build Job Growth & Wealth Creation Machines for 21st Century be part of U S Road to Recovery Project

Citation preview

Page 1: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Richard D. Smith, SMITH-TRG – September, 2009 http://www.SMITH-TRG.com

Business Owners, Investors & Stakeholders Presentation, Washington, DC

SMITH-TRG‘Building U. S. Job Growth & Wealth Creation Machines’

-- What We Learned Doing ‘U.S. Road to Recovery’ Project --

Page 2: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

“The Ultimate Measure Of A Healthy & Recovering

Economy. . .Jobs Growth!”

Page 3: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

“Only yesterday, we Americans could afford to feel smug about our

preeminence”.

Page 4: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

“Destiny, it seems, had appointed us, America, the

world’s permanent pioneers, forever striding beyond the

farthest cutting edge.”

Page 5: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

That was... Yesterday!

Page 6: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Today,things are

vastly different.

Page 7: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

GLOBALIZATION“A new world order is dawning – one

in which the West is no longer dominant, capitalism (at least the American version)

is out of favor, and protectionism is on the rise.”

- Roger Altman Former Deputy Treasury Sec., Clinton Administration

Page 8: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

INNOVATION“Innovation has become the new currency of global competition as one country after another races

toward a new high ground where the capacity for innovation is viewed

as a hallmark of national success.” - John Kao book author, INNOVATION NATION, 2007

Page 9: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

ECONOMIC ISSUES $12 Trillion U. S. Wealth

Destroyed since 12/07

$13.8 Trillion Outstanding Consumer Debt

9.4% Unemployment

16 Million Unemployed

$9.1 Trillion Federal Deficit

$155k+ in Fed Debt per Household

76 Million ‘Baby Boomers’

69% of Boomers Can’t Financially Retire

150,000 U.S. College Graduates in 09/Few Jobs

Page 10: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

BANKRUPTCIES

100,000 U. S. Bankruptcies in last 18 months

1 of 270 Businesses Bankrupt

358 Business Bankruptcies Filed Daily

Page 11: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

$87 BILLION

U.S. Imports from China

vs.

$20 Billion in U. S. Exports

Period - January through April, 2009

Data: U.S. Commerce Department

Page 12: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

M&A’s“We have been given this

Incredible second chance to rethink everything we do. There will not be a third.”

- Fiat-Chrysler new CEO Sergio Marchionne

Page 13: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

DIVIDE IS GETTING GREATER!

Page 14: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

TODAY: WE’RE IN DEEP WATER. . . The U.S. business model is being challenged. . .

We need to reinvent the enterprise, build growth machines. . .

Page 15: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

How Do We Get to Where We Want to Be,

Competitive Advantage & Growth?

Page 16: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

STEP 1 Visualize what could be. . .

A 21st Century Job Growth & Wealth Creation Machine

SMITH-TRG at http://www.SMITH-TRG.com

Page 17: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

TAKE A COMPETITIVE WORLD VIEW

Page 18: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

EMBRACE INNOVATION*Hewlett-Packard (H-P), Apple, Microsoft and other notables started during a recession. . .

Page 19: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

INNOVATION IN ALL

FORMS. . .

BUSINESS MODEL INNOVATION

PRODUCT/SERVICE INNOVATION

PROCESS INNOVATION

TECHNOLOGY INNOVATION

Page 20: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

VISION & INNOVATION Business Week’s – The World’s

#1 Apple#2 Google

#3 3M#4 Toyota

#5 Microsoft#6 General Electric

#7 Proctor & Gamble#8 Nokia

#9 Starbucks#10 IBM

#11 Virgin#12 Samsung

#13 Sony#14 Dell

25 Most Innovative Companies

#15 IDEO#16 BMW#17 Intel#18 eBay#19 IKEA

#20 Wal-Mart#21 Amazon#22 Target#23 Honda

#24 Research In Motion#25 Southwest Airlines

NOTE: Approximately 10% to 15% of their global workforces are U.S. based employees

Page 21: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

LOOK BEYOND

Adventure Outside

the Comfort Zone. . .

Page 22: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

FANATICISM“I think fanaticism is underrated.

I’m a fanatic about the engineering groups. Steve (Jobs) is a fanaticabout the user experience and

the design.” - Bill Gates, Microsoft Advice for entrepreneurs, enterprise game changers

Page 23: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

STEP 2 Do an ‘Alice Analysis’. . .

Know Where You’re Going. . .

SMITH-TRG at http://www.SMITH-TRG.com

Page 24: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Alice, “Would you tell me please, which way I ought to go from here?”

“That depends a good deal on where you want to get to”, said the Cheshire Cat.

“I don’t much care where_____”, said Alice

“Then it doesn’t matter which way you go, said the Cat.

“____so long as I get somewhere,” Alice added.

“Oh, you’re sure to do that,” said the Cat, “if only you walk long enough.”

‘ALICE ANALYSIS’‘Excerpt from the American adventure story classic -- Alice in Wonderland’

Page 25: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

If You Don’t Know Where You’re Going, Any Road Will Take You There!

Question: As A Company, Can You Afford A Long Journey?

Success Requires: Focus

Understanding YourselfUnderstanding What Or Who Can

Best Help You Achieve Success

ANALYSIS RESULTS?‘Using Alice in Wonderland’

Page 26: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

STEP 3Target sectors/segments/business lines for

enterprise reinvention & growth

Identifying & Qualifying Growth Opportunities

SMITH-TRG at http://www.SMITH-TRG.com

Page 27: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

OBJECTIVE: ENTERPRISE GROWTH PLATFORMS

Page 28: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

TARGETINGTOOLS

eCompetitors, for example, provides (line-of-business level) industry information on the Top 10,000+ industries, covering more than 95% of $57 trillion global economy –

all presented in the Global Industry Dashboard.TM Downloadable to iPhone.

USE ‘INDUSTRY & COMPETITIVE

ANALYSIS’ TOOLS

www.eCompetitors.com

Google Finance   Yahoo Finance   MSN Money   AOL Finance   CNN   Reuters  

www.Hoovers.com

Page 29: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

TARGET SECTORS, SEGMENTS & ENTERPRISES

Low

Medium

High

Skill

ed La

bor

Inte

nsiv

e

Valu

e Dr

iven

Tech

nolo

gy

Enab

led

High

Un

empl

oy %

Envi

ronm

ent

Frie

ndly

At R

isk

Segm

ent

Automotive

Transportation

Consumer Goods

Hi-Tech & Info-Tech

Distribution

Health & Life Sciences

Page 30: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

EXAMPLE SEGMENT/BUSINESS: U.S.BUILT ‘ECO’ TAXIBringing back Checkered Cab Co. of 60’s/70’s fame

Page 31: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

U.S. TAXI… DESIGN CRITERIA

LARGER INTERIOR CABIN & LUGGAGE CAPACITY SPACE THAN U. K. BLACK CAB + 2 FOLD DOWN JUMP SEATS

TECHNOLOGY ENABLED ON-BOARD GPS & GOOGLE MAPS, WIRELESS BROADBAND & INTERNET TV, WIRELESS FARE BILLING

NATURAL GAS POWERED (see PICKENS PLAN) 30 MPG IN STOP & GO TRAFFIC

Page 32: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

CANDIDATE EXAMPLE: Vehicle Production Group, LLC(Taxi & Multi-Purpose Fleet Vehicle Product Portfolio)

to 550,000

Page 33: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

HI-TECH SEGMENTS: WIRELESS APP FARMSServing Global Wireless Carriers & Handset/Touch-Screen Manufacturers

Page 34: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

WIRELESS APPLICATION SOLUTIONSFuture-World DIGITAL-MEDIA for Handset/Multi-Touch Screens/Carriers

Apple iPhone BlackBerry

Page 35: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

MARKET DRIVER“The ultimate challenge and greatest value creation opportunity will fall to those who

give the end-user consumer what they want…really, really want. And that is,

an integrated, easy to use, video media experience, anytime, anywhere, and

on any platform.” - Richard D. Smith, SMITH-TRG book author, AD-MIRED, 2006

Page 36: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

WHY MOBILE APPLICATIONS?Market Forecast: From $7 Billion 2008 to $25 Billion 2014

Sources: Juniper Research & IDC

– 2008 - 1.19 Billion Mobile Phones Sold World-wide. 155 Million (13%)

were Smartphones

– By 2013 20% or 280 Million (SP’s)

– Apple: 65,000 APP’s vs. RIM’s: 2,000 APP’s

– Others: Sprint’s Palm, Motorola – 2 new devices, then Nokia, Samsung,

and host of new entrants. . .

“What you carry on your belt is now your MP3 player, will be your plasma TV, is your social networking machine, is your Internet terminal, your camera, your personal navigation device.” - Jim Basillie Co-CEO, Research-in-Motion

Page 37: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

STEP 4Innovation & value growth

management

It’s All About Execution…Ability to Execute

SMITH-TRG at http://www.SMITH-TRG.com

Page 38: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

PRINCIPLESREINVENT EXISTING ENTERPRISE(S)

SCALABLE GROWTH ENABLED BY INNOVATION

FOCUS ON NICHE MARKET LEADERSHIP

CONDUCIVE TO PROFITABLE & SUSTAINABLE JOB CREATION

M&A TO GROW BUSINESS, NOT CUT

Page 39: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

DEVELOP PLANS COLLABORATIVELY

Page 40: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

ENTERPRISE‘BEST-OF-BREED’ DESIGNED BUSINESS PLATFORM

EMBRACE SHARED RISK INNOVATION, JOBS &WEALTH CREATION

FUTURE ENTERPRISE VALUE DEFINED BY ECONOMIC CONTRIBUTION

Page 41: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

EXPLOIT ENABLING TECHNOLOGY

Page 42: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

POSITIONINGAFTER YOU’VE CUT COSTS, LAID PEOPLE OFF, AND FOCUSED ON CORECAPABILITIES. . .

What Next? Wait For Market Return to Carry You Forward? Or Build a Growth Business Case. . .

POSITION FOR SCALABLE ‘TOP LINE’ GROWTH ENABLED BY INNOVATION

Page 43: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

BUILD A UNITED WORKFORCE

Page 44: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Have you. . .-Vision of what could be?

-Done your ‘Alice Analysis’?-Targeted growth opportunities?

-Developed executable growth managed plan?

Page 45: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

In Business, Like the Wilds of Africa, you have to

“Keep an Eye on The Prize!”

Page 46: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

Every morning in Africa, a gazelle wakes up. It knows that it must run faster than the fastest lion, or IT WILL BE KILLED.

Every morning in Africa, a lion wakes up. It knows that it must outrun the slowest gazelle, or IT WILL STARVE TO DEATH.

In Business or Africa, it doesn’t matter whether you’re a lion or a gazelle. When the SUN COMES UP, YOU’D BETTER BE RUNNING!

Page 47: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

U.S. Road to Recovery

Most important question of all. . .

Can Enterprise Owners & Leadership afford a long journey. . ?

SMITH-TRG at http://www.SMITH-TRG.com

Page 48: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

If not. . .Then commit to participate in the

‘U.S. Road to Recovery’ ProjectContact: Richard D. Smith

President & Managing Principal, [email protected]

M: 301.461.2387

Page 49: Enterprise Road to Recovery by Richard D. Smith, SMITH-TRG

THANK YOU

SMITH-TRGhttp://www.SMITH-TRG.com