Fit for Growth*
Strategy&’s approach to transforming your company’s performance and accelerating growth
In an uneven business climate, companies need to transform how they operate, while creating the capacity to invest in growth. Our Fit for Growth methodology for strategic cost management starts by articulating a clear and compelling cost agenda from the front line to the back office, continues with the building of lean and resilient processes, systems, operations, and organization structures, and culminates in the institutionalization of capabilities that keep resources flowing to "good" costs and away from "bad." The outcome is an adaptable, high-performance culture positioned on an accelerated path to sustained growth.
Is your company ready for growth? Take the 5-minute interactive Fit for Growth Index profiler to find out >
Companies need to adopt a more strategic approach to cost management in order to prepare for the next round of growth. Being able to expand requires them to work on three complementary, reinforcing elements — determining strategic priorities, optimizing costs, and reorganizing for growth. This will allow them to cut costs and grow stronger.
Different industries have different strategic considerations and cost constraints. But no matter what industry you’re in, you must align your cost and growth agendas.
We work with our clients to explicitly link their growth and cost agendas, so they can manage costs along their entire value chain in line with their strategic priorities. From operating model design to processes improvement, from systems to lean management, and across functions and industries, we bring a wealth of knowledge and experience to help our clients transform their business and improve their performance.
At Strategy& we focus on helping companies build their own knowledge and capabilities. Our online tools and profiler surveys will help you get an initial understanding of your readiness to grow and set you on a powerful path to performance improvement.
The Fit for Growth index is a quantitative measure that determines how well a company connects its cost and growth agendas by assessing companies in three key areas: strategic clarity and coherence with a clear and aligned set of capabilities; aligned resource base and cost structure; and supportive organization. See how the index correlates with company performance and determine you own company’s Fit for Growth index.
What's hot: Our latest publications on Fit for Growth
Many payors typically assume they have to focus on either medical or administrative costs. Yet payors can optimize both medical and operating expenses, and thus achieve better healthcare outcomes at lower costs.
By applying tools that have already proven their merit in manufacturing industries — like lean and Six Sigma — health plans can reduce administrative operations costs as much as 15 to 25 percent, while improving quality and service levels.
While prospects for wealth management have improved significantly over the last twelve months, wealth managers must learn new rules quickly and adapt their playbook accordingly.
To stay relevant and competitive in a changing health-care environment, payors must fundamentally rethink their operating model, their cost structure, and their culture.
Digitization presents a fundamental challenge to established store chains that have long considered information technology to be an operational support function, not a source of competitive advantage.
* Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States.