HomeAbout UsBest PracticesSoftware AideOur ApproachHow We HelpPower SourceContact Us
THE BUTTONWOOD GROUP  
HOW WE HELP - Value Planning

Buttonwood VP Implementation

  Introduction  
  Led an effort to implement Buttonwood VP as part of a companywide transformation effort.
 
  Description  
  Our client, a major manufacturer, had missed one to many earnings estimates and wanted to transform its management team and culture into one that prized accountability, follow through, and results. After evaluating several different planning solutions, the project team chose to implement Buttonwood VP. Since this company had not previously determined its key drivers of success and key processes, that’s where we began. Examination of these measures then became part of an offsite strategic review session, along with a SWOT analysis, key competitor and key markets evaluation. Afterward, long term and one year operating targets were established for each key measure, and initiatives were developed to achieve them. This then became the basis for the budget. Individual goals were established, and became the basis for performance reviews and other incentive compensation. Management reporting systems were then designed to monitor progress on each key measure and initiative (along with standard financial reporting). A training program was designed to build business literacy, and monthly huddle sessions were developed to keep everyone well.  
  Results  
  For the first time in three years the company met its earnings objectives, resulting in upgrades in the recommendations of several influential stock analysts. Internal employee satisfaction survey saw the largest jump in results since the company began collecting results five years previously.
 



 
  SOFTWARE SELECTION
  REDESIGN
  BALANCED SCORECARD
  BUTTONWOOD VP
  ROLLING FORECAST
  SOLUTION SELECTION
COPYRIGHT (C) 2004. THE BUTTONWOOD GROUP, LLP.