Business Planning: From Vision to Reality South Dakota Technical - - PowerPoint PPT Presentation

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Apr 25, 2023 231 likes •534 views

Business Planning: From Vision to Reality South Dakota Technical Summit 2018 Homework Good to Great FIRST, Break All the Rules by Jim Collins by Marcus Buckingham The Hedgehog Concept Pyramid of Needs The Hedgehog Concept The Eisenhower

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South Dakota Technical Summit 2018

Business Planning: From Vision to Reality

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Good to Great by Jim Collins The Hedgehog Concept FIRST, Break All the Rules by Marcus Buckingham Pyramid of Needs

Homework

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The Hedgehog Concept

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The Eisenhower Principle

*referenced by Stephen Covey in The 7 Habits of Highly Effective People

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The Planning Process

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Core Values - What is Important to Us?

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Mission- Why Are We Here?

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What Are We Good At?

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Planning – Step 1

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Planning – Step 2

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Planning – Step 3

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Critical Impact- Surveys

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Planning – Step 4

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Kaizen Events

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Planning – Step 5

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Industry Tends

MHEDA 2019 Critical Impact Factors

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Planning – Step 6

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Planning – Step 7

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Planning – Step 8

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Planning – Step 9

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Planning – Step 10

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Planning – Step 11

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The Final Step

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Communicating the Plan

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Planting Seeds - One Kernel at a Time

Trivia Time!

1) How many ears are on a typical cornstalk?

a. Usually 1, maybe 2

2) How many kernels of corn are on a typical ear?

a. About 800

3) How many ears in a bushel?

a. About 48

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Financial Improvement

Changes since 2011- the goal was to grow business 15%

63% Increase in Revenue
63% Increase in Gross Profit
78% Increase in Net Profit
2.3 % increase in Absorption (107.8%)

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Significant Accomplishments

Yale Dealer of Excellence 13 out of 14 Years
MHEDA MVP every year since its inception in 2012
2010 – Acquired Bublitz Material Handling to expand service area to MO, KS
2011 – Celebrated 75 years in business and grew by 70 employees
2012 – Partnership with key client featured in MHEDA Magazine, MHEDA MVP
2013 – Honored with second MHEDA MVP ( received every year since)
2014 – Expanded operations, adding office in West Fargo, ND
2015 – Completion of 9,000 sq. ft. state-of-the-art Discovery Center for

customer training and education

2016 – Customer fleet portals, cloud based storage
2017 – New Marketing Director and major website update
2018 – New ERP system, new Director Structure, addition of HR Manager

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