Phase II introduces the CEO and CFO to OIS’s exhilarating qualitative advantages for the firm. Specifically, moving from a one with a budget focused on cost-min to an income statement focused on best possible profit–max
The advantages include:
- the departmental managers being relieved of the traditional budget’s dis-incentives
- employees proud of the firm’s executive team which is focused on achieving best possible profit
- It’s recommended HR put together a “road show” for the departments explaining key OIS features like best possible profit
- departments’ managers motivated to directly impact firm’s profit by using their knowledge of their departments’ activities to improve their departments’ productivity.
- It’s recommended HR put together an activity-based class on how the departments’ would do that
- As an incentive, management might consider rewarding any productivity improvements with a bonus, maybe even including the employees. This would promote a culture of continuous improvement in support of profit.
- Share the new culture with Wall Street analysts covering firm
- Finally, it’s likely SIC code institutes like Consumer Goods Technology would invite clients with OIS installed to share their successes at its annual Consumer Goods sales + marketing Technical Summit.