Umbrex is pleased to welcome Christoph Traxler with Dr. Traxler Consulting. Chris has more than 15 years experience as an executive board member within Centrotec, a European group of companies active in many fields including medical technology/ in-vitro-diagnostics, precision engineering, HVAC, solar and plastics technology. Centrotec has 600m revenues, is publicly listed at the Frankfurt stock exchange, but majority-owned by a family, so Chris also knows the world of a family office.
Before Centrotec Chris spent four years at McKinsey as associate and engagement manager, with an industry focus on banks and utilities, and a functional focus on corporate finance & strategy. Projects he has worked on range from M&A via restructuring to risk management, usually with some analytical problem at its core.
Chris has studied theoretical physics and mathematics obtained his Ph.D. (in German “Dr.”) at Giessen university. His love of science and technology remained unchanged throughout his management career, in his free time he likes to look into new trends such as deep learning, 3D printing or smart home.
During his studies, he was advising a finance portal on financial derivatives calculations.
Chris lives in Fulda, Germany, which is a very central location between Frankfurt, Wurzburg, Kassel, Giessen and Erfurt.
Umbrex is pleased to welcome John Long with Satoe Solutions. Jack Long was a consultant at McKinsey focusing on leadership development, organizational transformation, and strategic planning. Following that he as an executive at IDEMIA where he lead integration and transformation, strategic planning, and value creation efforts. Prior to McKinsey, he was an Innovation Fellow at Oxford University leading teams building startups based on University IP. Jack holds a PhD in nanoengineering from Johns Hopkins and spent 8 years on active duty in the Marine Corps, and is currently a Reservist at the Office of Naval Research focusing on AI/ML. He lives in Washington, DC and is happy to collaborate on projects in North America.
Stephen Redwood has published a series of articles that draw from his experiences over a long career in consulting to help respond to the implications of COVID-19 and build strategies for the future.
In the face of huge upheavals with the COVID-19 pandemic, companies have few reference points on which to base decisions about how their organizations need to adapt to changing circumstances. Clients have asked me for my thoughts on how to frame their thinking. It’s early days so, as Winston Churchill said, “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
Organization design is too often seen as a narrow set of considerations about roles and reporting relationships. This is way too reductive. The design of an organization should consider all the elements that affect how it functions. Particularly now, when so much outcome uncertainty exists, attention needs to be given to culture, metrics, and development opportunities to drive appropriate behavior change in people. From my conversations with clients and a variety of other sources, here are some early thoughts as we learn to respond to the implications of COVID-19 for how companies operate.
Included in this article:
- Planning for the future
- Redesigning processes
- Redefining leadership
- Long-term transitions
Read the full article, How will organization design be impacted by COVID-19?, on LinkedIn.
Luiz Zorzella shares key points that can help leaders evaluate and address their approach to change to ensure better outcomes.
Strategy & Value
For the past 10 years, financial services firms have publicly acknowledged that they needed to change. Chances are, your organization was one of those.
Commoditization meant a systematic erosion of margins for banks; reduction in interest rates has been challenging both interest and non-interest income sources of banks and investment firms as well as the economics of insurance; and technology has posed a constant threat of disintermediation and radical value-adding substitutes.
However, just like the proverbial frog in the heating water, most business leaders have responded incrementally – aiming at matching the pace of change they observed in the market and improving their results within the parameters of their existing business model.
The problem is that change has arrived and it does not look like we expected. While COVID-19 ravages lives, economies and markets, clients and stakeholders alike are looking at financial service firms and asking that they help them weather the storm. They are calling you to change with them.
Points covered in this article include:
- Find you calling
- Evolve and decommodotize
- Reforge your ways of working
- Take the technology plunge
Read the full article, Is this Crisis Your Strategy Crucible, on the Amquant website.