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Seven Steps to Results
IDEA ensures successful engagements by:
1) Check for Interest
In this 2 hour meeting, both parties share what they do and how they are different. Afterwards, we reveal why Elucidate reliably delivers cash and increases net profits.
2) Study Preparation
Extensive research is done on site to check assumptions and validate that an opportunity exists to deliver significant results. If so, we estimate the magnitude of the results reasonably expected.
3) Action Plan
From the study, a written plan is prepared documenting IDEA’s recommendations for improvement initiatives, the logic behind each step and how the steps dovetail into holistic outcomes. We deliver the content and seek unanimous commitment from a cross functional team of top managers to its implementation. The Action Plan can be implemented with or without IDEA's help.
4) Win-Win Discussion
For companies that want help, IDEA works together with top management using proven tools and experience to get results fast, without missteps and without risks. We agree on appropriate metrics to measure success, establish fees and bonuses which are in both parties' best interests.
5) Project Acceptance
This is simply a client's formal acceptance of the agreement mutually defined above.
6) Setup and Planning
The full implementation details are customized and sequenced for the specific situation. Buy-in is gained from all employees whose support and assistance is required. IT systems are interconnected. Data is gathered, inventory buffers to protect sales are established and systems are tested. Also, during this phase, training is accomplished.
7) Rollout and Review
New activities commence. Using the agreed upon metrics, results are tracked. Any deviations from expected results are identified and corrections made. The first result is a flood of new cash, followed by continually improving profitability.
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