Post on 23-Jan-2018
Business Transformation
And the role of the CFO
TRANSFORMATIONSETTINGS
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Wiki Oct 2015
“Business transformation is about making fundamental changes in how business is
conducted in order to help cope with a shift in market environment”
What is a Business
Transformation
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“After the transformation nothing is the same anymore
and our added value has increased substantially”
What is a Business
Transformation
© 2015 Instagram Herman_Hanssen
CFO, tune your Settings in your Transformation Apps
© 2015 Instagram Herman_Hanssen
What is a Business
Transformation
Who am I
Herman Hanssen
Latam Market Transformation
Black Belt LEAN Certified
Change Mgt
Philips Site Leader
Panama CoE
Asia ME&A Europe Latam
CFO Philips Latam
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All in One Transformation
Turnaround Profitability
Productivity 50% cost reduction
Portfolio Added Value
based on Voice of the Customer
Cash Flow From bleeding
to managed
Legacies Mitigated
Service Levels Cost down,
Performance up
Mindset 100% employees
LEAN trained
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Unique CFO strengths
Wharton @ Work “The new CFO: Moves from numbers-only
to Value Integrators, using information from numerous sources”
Manage Risks
Predictive Insights
Strategic Leader
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Success factors of a business
transformation
@ Forbes @ McKinsey @ Me “A Business Strategy decides what value to gain, A strong execution to create the value targeted, A transition-risk Plan to mitigate loss of value”
Transition Risk Plan
Strong Execution
Business Strategy
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Manage Risks
Predictive Insights
Strategic Leader
Transition Risk Plan
Strong Execution
Business Strategy
The CFO Lens
Navigator Team
Go Gemba
Transformation Success factors
CFO unique competencies
CFO apps for transformation
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Innovative Apps tuned for
Transformation
The CFO Lens
Deep Domain Knowledge in functions and
countries
Plan for Transitional
Performance Dip
Build Up, Stabilize,
Build down
Legacies Out Internal Audit
In
“What you see is what you know”
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The Navigation Team
Navigation Team acting as a Model
Line
Talents current & new, LEAN
trained
LEAN is bringing more productivity
than expected
Plan Slowly Act Quickly
“Execution is hardest part of transformation”
© 2015 Instagram Herman_Hanssen
Go Gemba
Go see, have a theme, not
a random walk
Be there where the
value is added
Share what you learned,
take an active role
Make regular time for
Customers, Peers, Teams
“A leader wedded to the success”
© 2015 Instagram Herman_Hanssen
Business Transformation
And their Leaders of Change
Thank You
© 2015 Instagram Herman_Hanssen
CFO, tune your Settings in your Transformation Apps