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1 Accelerating through the turn April 29, 2020 How organizations can transform to perform

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Page 1: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1

Accelerating through the turn

April 29, 2020

How organizations can transform to perform

Page 2: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

22© 2020 Korn Ferry. All rights reserved

Agility Decisiveness Collaboration

Innovation Empathy Customer centricity

Page 3: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

3

Agenda

Introduction

Message from Korn Ferry CEO

Transforming to perform

Hit the gas actions

Learn more

1

2

3

4

5

LAURA MANSON-SMITHChief Commercial Officer

Korn Ferry Consulting

MICHELLE STUNTZSenior Client Partner,

Leader, Consumer, NA

GARY BURNISONChief Executive Officer

PAUL LAMBERT Senior Client Partner,

UK

KHOI TUSenior Client Partner,

UK

IGNACIO BUENO

PEDRAZASenior Client Partner,

Spain

© 2020 Korn Ferry. All rights reserved 3

Page 4: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

4© 2020 Korn Ferry. All rights reserved

“The humane do not

worry; the wise are not

perplexed; the courageous

have no fear.” Confucius (551 B.C.)

Gary Burnison

CEO, Korn Ferry

4

Page 5: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

5

A framework for action

© 2020 Korn Ferry. All rights reserved

Purpose is the new strategy

Priorities replace long-term plans

Organizational capabilities create focus

© 2020 Korn Ferry. All rights reserved 5

Page 6: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

66

Where is your organization today?

© 2020 Korn Ferry. All rights reserved

Org

an

iza

tio

n a

gilit

y

Financial resilience

SURVIVING PRESERVING

PIVOTING DISRUPTING

© 2020 Korn Ferry. All rights reserved 6

Page 7: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

7

Using analytics to make the right choices

© 2020 Korn Ferry. All rights reserved

LIQUIDITYCan we stay in

business?

SOLVENCYCan we sustain

our business?

Page 8: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

8

Branch

based

roles

Virtual /

universal

roles

Planned (pre-COVID) strategy Post-COVID strategy

Time

Num

be

r

Time

Num

be

r

Time

Num

be

r

Time

Num

be

r

Supply Demand

Workforce shape (supply and demand) over time

© 2020 Korn Ferry. All rights reserved

Pre- and post- COVID workforce scenarios

Page 9: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

99

Practical actions

Get a baseline of people data

Understand critical

organizational capabilities

Develop ‘laser focus’ on possible

choices

Use analytics & scenarios

to make right choices

© 2020 Korn Ferry. All rights reserved 9

Page 10: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

10© 2020 Korn Ferry. All rights reserved 10

What positive behaviors haveyou seen emerge during this crisis?

Page 11: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1111

Which of the following have you seen emerge more during this crisis?

© 2020 Korn Ferry. All rights reserved

Agility Decisiveness Collaboration

Innovation Empathy Customer centricity

Page 12: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

12© 2020 Korn Ferry. All rights reserved 12

How do you structure your organization to embed these behaviors?

Page 13: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

13© 2020 Korn Ferry. All rights reserved

Hierarchy Agility

All employees exposed to ambiguity

Page 14: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1414

1

Group together

functions with

similar and

highly

interdependent

capabilities

2

Define

organization

ecosystems

to enable

partnering & collaboration

4

Introduce

cross-

functional

Communities

of Expertise

5

Create bigger,

more versatile ‘smart’ teams

3

Reduce levels

of hierarchy

© 2020 Korn Ferry. All rights reserved 14

Page 15: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1515

From hierarchical….

Unit 1 Unit 2 Unit 3

Work by

projects

Work by

process

…to agile

© 2020 Korn Ferry. All rights reserved

Page 16: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1616

How do you build momentum for culture change?

© 2020 Korn Ferry. All rights reserved 16

Page 17: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1717© 2020 Korn Ferry. All rights reserved

FOCUSon the critical

behaviors

LEAD by example

AMPLIFY success stories

© 2020 Korn Ferry. All rights reserved

Building momentum for culture change

Page 18: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1818

Hit the gas

1 Align leadership around business priorities 2

Clarify accountabilities for critical roles3 4

Symbolic actions5 6

Baseline your organization

Understand what’s working well and why

Go where the energy is

© 2020 Korn Ferry. All rights reserved

Page 19: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

1919

What’s next

Take the Korn Ferry Organization Scan

Sign up for the other webinars in this series

Thursday, April 30: Shaping the future workforce

Friday, May 1: Future-proofing leaders

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2

Register at www.kornferry.com

© 2020 Korn Ferry. All rights reserved

Page 20: Accelerating through the turn - Korn Ferry€¦ · 3 Agenda Introduction Message from Korn Ferry CEO Transforming to perform Hit the gas actions Learn more 1 2 3 4 5 LAURA MANSON-SMITH

Thank you