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Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009

Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

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Page 1: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

Next Practices SummaryNext Practices SummarySouthern California Sessions 2009Ed Cohen & Scott HamiltonConference Call January 27, 2009

Southern California Sessions 2009Ed Cohen & Scott HamiltonConference Call January 27, 2009

Page 2: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

Next Practices SummaryNext Practices Summary

• What HR and other organization practices will take us to dramatically improved outcomes (factor of 10%plus )- driving success in lean times?

• Initial next practice initiatives were considered in the areas of communications, customer relations and regulatory issues.

• Translation of these practices will require the concerted effort of our entire organization teams- working in the context of our own strategic objectives, markets and culture.

Page 3: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

What are the current issues (PAINS)?What are the current issues (PAINS)?

• Adapting to a market in turmoil• Constant, negative change• Meeting regulatory requirements• Relocation costs• Accurate planning• Restructuring• Emotional strain on the organization• Fluctuating currency markets• War for talent (yes, it still exists)

Page 4: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

Next Practices- RegulatoryNext Practices- Regulatory

• Work closer with internal and external legal affairs dept/counsel- Mid urgency

• Revise talent evaluation processes- hire t “true” contributors- High urgency

• Raise awareness of threats by external third parties (unions) Exposure- Mid urgency/ Need for proactive program – High urgency

• Engage teams to regulatory challenges- cross function not be silo (the norm) Mid to High urgency

Page 5: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

Next Practices- CommunicationsNext Practices- Communications

• Improve global organization decision making skills- leverage existing technology better – High urgency

• Break down organization silos- increase the number of cross functional project teams that are chartered directly from the strategic plan- High urgency

• 10 X employee input to all aspects of organization operations, markets and direction- Mid to high urgency

Page 6: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

Next Practices- Customer ServiceNext Practices- Customer Service

• Terminate inside-out views of the customer and create customer co-located and customer centric teams

• Develop “self assessments” for employees and customers alike so that they tell you what is most important

• Turn employees into pro-active marketers, not passive order takers

(all of these were High urgency initiatives)

Page 7: Next Practices Summary Southern California Sessions 2009 Ed Cohen & Scott Hamilton Conference Call January 27, 2009 Southern California Sessions 2009 Ed

What are Your Next Steps?What are Your Next Steps?

• Re-group the executive team- what are your core strengths, areas where you can be aggressive in the market

• Pull next practice thinking throughout the organization (tap the collective IQ)

• Engage to value, not to legacy ideas• Resist status quo – move forward ,

assess, move forward

For depth results- [email protected]