Profit Drivers的动态

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Founder, CEO, Senior Global Pricing Executive – Transforming Businesses into Global Market Leaders through the Power of Pricing ? Price Strategy ? Advanced Pricing Tools I Change Management ? Revenue Growth Management

I?just returned from a trip to Australia and New Zealand, as part of a global journey talking with leaders about uncertainty and volatility.?By now, they have all accepted it’s not a question of if there will be impacts but when. The underlining feeling ranges from cautionary to trepidation.?I heard about ‘organizational fatigue' - a natural reaction to this anxiety-inducing environment we’re in. On the plane rides home from Down Under, I briefly pondered?adding therapists to Profit Drivers’ offering. But clearer thinking on the ground led me to conclude our best role is to provide assurance that there is a right path forward. In this case, we have an example right in front of us. Mattel’s CFO, Anthony DiSilvestro recently shared how they’ve created a playbook, leveraging their global supply chain and preparing for potential price increases. We’ve been hearing that many companies don’t have a plan in place. If that sounds familiar, now is the time to begin taking proactive steps. Start with:? ?? Create Transparency & Expand Your KPI’s– Track the forward view of cost drivers like commodity input costs, labor, freight to a SKU level. Add demand drivers like consumer confidence or housing starts for example. ? ?? Build playbooks—Have a series of short, mid and long-term mitigation actions that you can take to ‘land the plane’ effectively. Don’t only think about this as a tariff-fighting playbook - shifts in end- customer demand or currency fluctuations could arise at the same time. ? ?? Reinvigorate market monitoring—Real-time insight into the execution of your strategies and tactics. Understand end-customer sentiments to track real shifts happening on the ground. ? You don’t need a fully mapped-out strategy today, but you do need to start. The companies that plan, like Mattel, are the ones that will come out on top.?

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I would add implementing some form of scenario analysis to understand the impact of potential stress events, and your organizations ability to respond effectively.

Cindy Edwards

Business Leader| CEO Coach| Facilitator| Chair @ Vistage World Wide, Inc. helping business leaders achieve their their full potential in business and life.

1 周

Well said Scott!

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