Business renewal is the process by which you craft a revised business model that will return your business to vitality and to its valued place in the corporate portfolio.

But how can you renew your business while everyone is already overloaded just to run your business? Who should take the lead for renewal? What is the renewal step-by-step process? What are the tools which make renewal available to any organization? Given all of the other priorities in your organization, how can you minimize the time required for developing and executing your renewal strategies? These are the big questions which will be answered in Rethink, Reinvent,& Reposition Your Business

 

 

Objectives

• Rethink: Identify which parts should be renewed and which should continue under their current operations
• Reinvent: Apply the 12 renewal strategies to quickly find one which suits you best
• Reposition: Build an effective plan for transitioning from your current business to your renewed business

Topics

• Learn what makes renewing a business different from running a business
• Identify high potential renewal candidates
• Build the business case for renewal
• Apply the renewal checklist
• Understand the renewal process
• Learn the 12 renewal strategies
• Apply the 12 strategies to see which best applies to your situation
• Obtain alignment and commitment to the renewal strategy
• Transition smoothly from the existing business model to the new business model
• Common renewal traps and how to avoid them
• Build renewal capabilities at all levels in your organization

This program is for business leaders, and those who want to influence them, as they look to profit from business renewal. Because business renewal is applicable at the company, divisional, business unit, and product / service levels, leaders from all of these levels will benefit from the session. Typical titles include CEO, president, vice president, director, and division or business unit leader.

 

	Leo Hopf, Carlson Executive Education Fellow
	William R. Welter, Carlson Executive Education Fellow

Teaching Approach

The teaching approach provides a mix of lecture, discussions, and working sessions in which attendees will apply the tools and approach to the renewal challenges they face in their own businesses. These small group exercises and one-on-one consultations with faculty and other participants will give you an opportunity to apply the tools and concepts to the real issues your are facing.

Instructors Leo Hopf and Bill Welter are authors of Rethink, Reinvent Reposition: 12 Strategies to Renew Your Business and Boost Your Bottom Line. All attendees will receive a copy of the book signed by the authors.

A comprehensive workbook and website link will be provided for use during the program to track application ideas and to reference after returning to work. In addition, each attendee will receive a PowerPoint file with electronic templates for the exercises covered during the breakout sessions.

 

Location
Executive Education
Carlson School of Management
University of Minnesota
321 19th Ave. S.
Minneapolis, MN 55455-0438

 

Quantity Discount
A discount of 15% will apply to registrations of 3 or more people from the same company registering as a group for the same specific program. Please note that this offer is contingent upon all registrants enrolling in the same program having the same start date. Program cancellations and program transfers affecting the minimum number of people enrolled in the program for which the discount applied will void the discount.

Schedule
Schedule (PDF)

Curriculum
Curriculum (PDF)