Business Hierarchy of Needs – A Change Management Framework Group50
Creating A Culture of Strategic Execution
MODEL OF THE GROUP50 BUSINESS HIERARCHY OF NEEDS® • THE BUSINESS HIERARCHY OF NEEDS® IS MAINLY FOCUSED ON KEY ELEMENTS OF DEVELOPING STRATEGIC EXECUTION AND CONTAINS THE THREE LEVELS OF ACTIVITIES FOR EFFECTIVE STRATEGIC EXECUTION. ONLY GROUP50 CONSULTING HAS THE RIGHT TO USE BUSINESS HIERARCHY OF NEEDS®, WHICH IS JIM GITNEY'S REGISTERED TRADEMARK AND RECEIVED AN AWARD IN 2015. IT'S AN IMPORTANT PART OF GROUP50'S STRATEGIC PLANNING PROCESS, AS WELL AS THE COMPANY'S STRATEGY 5.0 INITIATIVE, WHICH FOCUSES ON DIGITAL AND INDUSTRIAL DEVELOPMENT. THE GROUP50 BUSINESS HIERARCHY OF NEEDS IS APPLICABLE TO EVERY INDUSTRY, GROUP, OR ORGANIZATION.
The Business Hierarchy of Needs ® provides a business need model for senior leadership teams to identify three primary levels: • Data Analysis and Planning Data analysis and planning plays a key role when it comes to developing strategic planning. It helps to find the strategic and operating gaps according to the company’s value proposition and the primary needs of the severed markets. • Knowledge and chain management It is a critical part of organization development to ensure good communication, training, talent optimization, and robust implementation. In this level, senior leaders will acquire resources and develop skills required for successful strategy implementation and tactical objectives defined in the strategic goal. • Implementation It is focused on core practices to address the strategic and operating gaps efficiently. This level is about improving business processes, products, and services to meet the key needs of the company stakeholders, including the board of directors, employees, suppliers, etc.
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