3 December 2024

Legacy, luxury, and lift-off

Transforming Finance for a global icon

The background

A global luxury goods manufacturer and retailer, renowned for its high-end apparel, and hi-tech stores, with a strong focus on innovation, heritage, and international growth.

 

The challenge

The Finance team had been given a benchmarking report by their auditor which showed the gap between them and a ‘best-in-class’ Finance team.  The depth of the report was overwhelming and presented them with a tough challenge to reach best-in-class status. The team had mobilised a change programme to deliver the change needed but progress had stalled.

I was asked to:

  1. Assess the current programme’s structure and it’s ‘fitness for purpose.’
  2. Evaluate the team’s readiness for change.
  3. Provide clear direction to inspire, motivate, and equip them to become a world-class function.

 

Our solution

Delivered a 3-Day Transformation Health check which included:

  • Meeting the Finance and Change Programme teams for a series of 1-1 sessions
  • Reviewing programme documentation and working practices
  • Applying the Transformation Toolkit and principles of leading change to identify specific improvement to the change programme
  • Delivering personal feedback sessions for everyone – helped them construct a simple improvement plan
  • Running a group ways of working session to simplify reporting and governance

 

Key Outcomes of the Transformation Health Check:

  1. Refocussed the programme vision – what to stop, start, change
  2. Initiated a simple project definition and prioritisation approach
  3. Ensured each member of the team had a personal plan to improve their transformation skills (with the offer of ongoing mentoring support)
  4. Left the team energised and enthusiastic about the change programme

 

Feedback from the client:

  • Paul blends good questions with the occasional really challenging one, which makes you think – he punctuates with a good amount of humour
  • He makes you think about everything.
  • His questioning was challenging, but this helped me to develop clearer and tangible goals and improvements
  • I felt like he gave me all his skills – can’t recommend this enough
 

Feel free to get in touch if you have any questions and want to have a conversation.