becoming the best
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Becoming the Best. Paul Tennant Chief Executive Orbit Group Ltd. To cover …. From change to transformation Transformation within Orbit Tomorrow’s World Conclusion. From Change to Transformation. The Scale of Change. Impact of change. Year of Change. - PowerPoint PPT PresentationTRANSCRIPT
Becoming the BestBecoming the Best
Paul Tennant
Chief Executive
Orbit Group Ltd
To cover …To cover …
From change to transformation Transformation within Orbit Tomorrow’s World Conclusion
From Change to Transformation
The Scale of ChangeThe Scale of Change
Impact of change
Year of Change
74 80 88 02 11
Scale of change is one of biggest experienced
ImperativesImperatives
World changing• Economic crisis• Expenditure cuts• Source of funds• Unemployment• Social policy reform
Housing world changing• Loss of grant• Affordable rents• Tenure change• Regulation• Defunct business model
Views• Value for money• Use of resources• Evolve our
businesses
There are imperatives we must respond to
New World: New AgendaNew World: New Agenda
Direction
How to develop our offer?
How to manage increasing risk?
RiskReturn
How to generate resources?
The degree of change/transformation varies by organisation
Why transformation?Why transformation?
Nature of changes so far reaching requires a proportionate response Business model and way of doing business must adapt to new world Value being challenged and destiny being defined by others We have changed but consequences of new world will continue for
several years We must present our message, change views and draw resources –
why us?
In this context why would we not transform?
Transformation within Orbit
Change: Direction and StructureChange: Direction and Structure
2003 – Imperative: “Establish Orbit’s Future”• Expand Group to deliver scale and resources• Consolidate footprint including rationalisation• Tighten our operations• Identify a strong direction / common purpose
Change: Customer and CultureChange: Customer and Culture
2008 - Imperative: “Create depth in our offer”
• Customer First Strategy and culture change
• Investment in place/stock and communities
• Strengthening infrastructure / people development
• “Good to Great” by 2013
Transform: Purpose and CapacityTransform: Purpose and Capacity
2011 – Imperative: “Respond to the New World”
• Recognise scale of change and response required
• Respond to immediate changes
• Plan for a radical future
• Continue with Good to Great to 2013 and beyond
• Plan for Transformation of Orbit 2020 Project
• Create resources to deliver a new strategy
Business Transformation• Process 2007 to 2011
Research• IHP – cross four countries
Five Steps• Environment to outcomes
Way Ahead• Culture of “learn / apply / review”
Business Transformation Process: IHPBusiness Transformation Process: IHP
A common agenda with an opportunity to learn
Project: •Market intelligence• Big picture analysis• Engagement and
debate
Orbit 2020Orbit 2020
This is our framework to transform
Ambition: “Building Brighter Futures for People & Communities”
Process• Drivers of change• Direction• Delivery of change
Outcomes• A new vision• A new way of doing
business• A different offer
Tomorrow’s World Today
Tomorrow’s World: Themes AddressedTomorrow’s World: Themes Addressed Structure
• Focus is on “forms” that deliver our ambition and partnerships that make these work
Finance
• Focus is on how we generate resources and develop a different business model
People
• Focus is on skills, culture and capacity of individuals and organisations
The journey ahead is one of transformation!
Tomorrow’s World: Participant PerceptionsTomorrow’s World: Participant Perceptions
“We should get on and respond”• Debate required within the sector • Desire for action following debate
“We should be bold in responding”• Leadership by the sector• Improve our messages/impact
“Do before others do to us”• Own our destiny• Define our own future
There is a desire to respond
ConclusionConclusion
We are a values-led sector and valuable to customers, communities and Government, and a proven record of change
The nature and scale of change and so the extent of response required is one of the most far reaching
Our response should be proportionate and innovative – we are changing but over the coming years must transform
The success of our transformation will be measured by how we adapt to the new world and best serve the people/communities we serve