Our guest, Jon Thompson a seasoned expert and founder of a leading business intelligence firm, shares valuable insights on how data-driven companies can foster a culture of ownership and strategic thinking. Designed to bring value to Private Equity Firms, their portfolio companies, and stakeholders involved in ERP Organizational Change, this episode offers practical advice on leveraging data for business growth, adopting data-driven strategies, harnessing the power of business dashboards (The Dashboard Effect), and leveraging industry-specific BI solutions to accelerate growth and improve decision-making across the organization.
The ERP Objective: Business Modeling Via Transactional Discipline
https://episodes.castos.com/5fc108e0462768-18027408/c7dee2da-d43c-4358-b5ef-3042db8caa95-Episode-86-Jon-Thompson.mp3Jon Thompson, author of The Dashboard Effect, is co-founder and Chief Strategy Officer at Blue Margin, Inc.
Jon and his brother, Brick Thompson, have founded several companies, including Vercuity, a data analytics firm that grew to over 500 employees and was backed by One Equity Partners.
Their current company, Blue Margin Inc., founded in 2011, helps private equity and mid-market companies quickly convert growth plans into automated dashboards, the short path to data-driven operations. Their mission is to accelerate clients’ growth through real-time visibility into performance metrics, promoting team alignment and accountability. Jon believes that “most business problems come down to poor visibility,” a message he delivers to corporate audiences, citing industry experts and best-practice case studies from over 250 clients. Jon offers concrete, practical steps for management teams who want to quickly mobilize data to drive growth.
Email: [email protected] | Phone: 970.214.1652
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Our book, The Dashboard Effect (let us know if you’d like a hard copy)
Founding Partner | Nestell & Associates
Dr. Jack G. Nestell is a highly accomplished IT and ERP business advisor, author, and speaker with over 30 years of experience in leadership and implementation of ERP systems across various industries. He is the founding partner of Nestell & Associates, a management and strategy firm that specializes in organizational change, readiness, and ERP implementation. Dr. Nestell is also an accomplished academic researcher who has contributed to ERP research. With his practical expertise and academic knowledge, he provides innovative and proven solutions for his clients.
[05:34] Segment 1: The Dashboard Effect and Blue Margin1. Can you explain the concept of “The Dashboard Effect” and how it can help companies better harness their data?
2. How did you come up with the idea for Blue Margin, and what makes it unique in the field of business intelligence?
3. Can you walk us through Blue Margin’s proven process for helping mid-market companies become data-driven?
4. How do you adapt your solutions (or do you?) to different industries like, Healthcare, Manufacturing, Distribution, Commercial Services, and Legal?
[16:18] Segment 2: Building a Data-Driven Culture1> Do you think data intelligence is the next great differentiator in business, and would you say most companies are failing to capitalize on it?
2. When it comes to a data-driven culture, one thing is for certain, not all are created equal…..How can data-driven companies create a culture of ownership where each employee is empowered with the visibility into performance metrics needed to drive motivation and strategic thinking?
3. What are some common challenges you and your team has seen in companies trying to adopt a data-driven approach, and how can they overcome them?
4. Can you share a success story of a company that has transformed its operations and decision-making by leveraging “The Dashboard Effect”?
[27:40] Segment 3: The Dashboard Effect Book and Lessons Learned1. What inspired you to write the book, “The Dashboard Effect,” and what key takeaways can readers expect from it?
2. For companies considering implementing business intelligence solutions, what advice would you give them to ensure success?
At Nestell & Associates, we specialize in helping private equity firms and their portfolios leverage data-driven strategies. Don’t let your data assets go underutilized. Click below to learn how we can help you embrace the future of business intelligence.
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Nestell & Associates is a highly specialized IT and ERP change management consulting firm that serves as a business-savvy, tenured, and highly technical-proficient business partner to private equity firms. We provide expert vendor-neutral IT and ERP services necessary to support their business objectives. Our team of experts excels at organizational change, preparedness, and digital transformation success.
Our approach has been proven to be successful by focusing on key areas such as organizational culture, change, and readiness, we’ve helped our clients achieve their IT and ERP business objectives from improving IT security to managing complex transformational M&A initiatives.
We are passionate about helping our clients succeed and achieving positive outcomes. Our goal is to provide the most efficient, organized, experienced, and productive professionals in the industry to implement processes, resources, and technology that will give our private equity partners a competitive advantage and deliver real return on investment. Learn More!
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