This is the sixth podcast for the power sector corporate strategy study we will soon release as part of our Executive Program.
The start of week 2 is dominated by the top-down financial analyses results. This is also when all the 6 streams officially kick-of: corporate strategy, business unit strategy, business case, organizational design, management skills analyses and value based management.
In this podcast we provide quotes and feedback from the focus interviews with the CEOs of the individual companies within Empire International, and the feedback from the labour union updates.
The general synopses is that EI is a much bigger and unwieldy business than we had initially assumed. The company is a collection of many, many tiny, medium, larger and very large separate companies who do not operate as one unit. They all do their own things and trip over each other.
Crucially, the top-down financial analyses is close to completion and we can present the financial snapshot of the company. It is not pretty and there is a serious cash problem. We discuss the three broad areas we are tackling: to increase shareholder value, wrap up with a discussion of how each stream fits into the broader study and prioritize the three most important streams of work.