Grundfos
Destination: World Class Finance
Grundfos Finance had developed a new strategy that was neither communicated nor put into action. Therefore, a process was facilitated which enabled the management to create meaning and commitment to the strategy from the more than 100 subsidiaries.
The speed and quality of execution of the strategy was accelerated, which was necessary to succeed in the overall transformation of Grundfos Finance.
The challenge
The finance department at Grundfos had developed a new strategy to make Grundfos Finance a "World Class" financial organisation. It was necessary if Grundfos as a company were to be able to generate the desired growth and increased earnings.
The approach
The management team at Grundfos Finance facilitated a process that provided a common understanding of their new strategy. Furthermore, they were able to communicate the strategy and execute it whilst co-operating with over 100 subsidiaries within Grundfos.
The result
The management succeeded in creating meaning and commitment in relation to the strategy of becoming "World Class". In addition, execution speed was accelerated, especially now that hundreds of local initiatives are now headed in the same direction.
“Our collaboration with STRATEGOS has afforded us a high degree of internal alignmentand coherence in the Corporate Finance management team. The process has helped us tocreate a shared commitment in our global Finance organisation and to ensure that thestrategy makes sense in the local entities around the world. Ultimately, this collaboration has enabled us to increase the quality and speed of the execution of our Finance strategy andthe strategic transformation of Finance in Grundfos overall.”
- Heine Dahlsgaard, CFO, Grundfos (now CFO, Carlsberg)
About Grundfos
Founded in 1945 in Denmark, Grundfos has become a global leader in advanced pump solutions and a trendsetter in water technology. Through 83 companies they are accessible in 56 countries and employ 19,280 people globally. 