Business Transformation and the Role of the CFO - Herman Hanssen, Philips Latin America

Business Transformation

And the role of the CFO

TRANSFORMATIONSETTINGS

© 2015 Instagram Herman_Hanssen

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


“After the transformation nothing is the same anymore

and our added value has increased substantially”

What is a Business

Transformation


CFO, tune your Settings in your Transformation Apps


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


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


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


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


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


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”


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”


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”


Business Transformation

And their Leaders of Change

Thank You


CFO, tune your Settings in your Transformation Apps

Business Transformation and the Role of the CFO - Herman Hanssen, Philips Latin America

Business

Transcript of Business Transformation and the Role of the CFO - Herman Hanssen, Philips Latin America