WEBVTT 1 00:00:00.000 --> 00:00:02.417 (soft music) 2 00:00:07.860 --> 00:00:10.140 Value-based constructs is almost 3 00:00:10.140 --> 00:00:12.030 an organizational transformation imperative-- 4 00:00:12.030 --> 00:00:13.800 if I were to think of ResultsCX and other peers-- 5 00:00:13.800 --> 00:00:17.130 because the capabilities of building sales 6 00:00:17.130 --> 00:00:20.310 in contracting, in finance, in risk management, 7 00:00:20.310 --> 00:00:23.160 in just the process of selling and engagement, 8 00:00:23.160 --> 00:00:24.450 the way you do your reviews, 9 00:00:24.450 --> 00:00:26.670 they all need to fundamentally be anchored 10 00:00:26.670 --> 00:00:28.740 around the notion of value. 11 00:00:28.740 --> 00:00:31.140 How at results are you thinking about this entire 12 00:00:31.140 --> 00:00:32.820 framework and putting it all together? 13 00:00:32.820 --> 00:00:36.990 The starting point is what is the capital I can allocate 14 00:00:36.990 --> 00:00:39.270 to take the risk? 15 00:00:39.270 --> 00:00:41.970 So first is a capital allocation from internal 16 00:00:41.970 --> 00:00:44.730 that then can go and subscribe. 17 00:00:44.730 --> 00:00:48.090 Now, and there are several pools of capital. 18 00:00:48.090 --> 00:00:51.090 So there is a capital allocation that I can make 19 00:00:51.090 --> 00:00:52.200 because of the efficiencies 20 00:00:52.200 --> 00:00:55.263 that is driven by my CEO's organization, 21 00:00:56.310 --> 00:00:58.170 which is P&L management, 22 00:00:58.170 --> 00:01:02.070 operating leverages, looking at paid hours to work hours, looking at, 23 00:01:02.070 --> 00:01:03.270 you know, the domain buildup, 24 00:01:03.270 --> 00:01:06.000 the understanding of the business, et cetera, et cetera. 25 00:01:06.000 --> 00:01:07.620 Then I have the CFO's organization, 26 00:01:07.620 --> 00:01:10.710 everything from currency, everything from hedging policies 27 00:01:10.710 --> 00:01:14.190 to procurement to every efficiency that I can drive, 28 00:01:14.190 --> 00:01:16.320 which then allows me to extract capital, 29 00:01:16.320 --> 00:01:17.820 which otherwise is locked, 30 00:01:17.820 --> 00:01:19.290 which then brings it into a pool of, 31 00:01:19.290 --> 00:01:20.970 again, capital allocation. 32 00:01:20.970 --> 00:01:22.410 I do the same with human resources. 33 00:01:22.410 --> 00:01:25.200 How do I drop a couple of percentage points in attrition, 34 00:01:25.200 --> 00:01:26.940 which improves the time to competency? 35 00:01:26.940 --> 00:01:28.410 How do I retain people better, 36 00:01:28.410 --> 00:01:29.700 which then drives the performance? 37 00:01:29.700 --> 00:01:31.860 So again, that's domain, it breeds domain. 38 00:01:31.860 --> 00:01:35.460 So that again comes, so once I get this capital allocation, 39 00:01:35.460 --> 00:01:38.970 this pool of capital, then the four D's of the world-- 40 00:01:38.970 --> 00:01:41.160 what we call--first is 41 00:01:41.160 --> 00:01:43.140 we've been in this business for a long time. 42 00:01:43.140 --> 00:01:45.870 I mean, we are native to understanding 43 00:01:45.870 --> 00:01:47.250 of a process and a domain. 44 00:01:47.250 --> 00:01:49.530 Now we need to bring that into creating a utility, 45 00:01:49.530 --> 00:01:51.270 which is what we have done. 46 00:01:51.270 --> 00:01:56.270 So, how do I embed my agenda with my clients? 47 00:01:56.310 --> 00:01:59.100 It's a function of consultative selling. 48 00:01:59.100 --> 00:02:00.330 This is not about showing up 49 00:02:00.330 --> 00:02:03.000 and saying that, "Give me...I can do 50 seats in Lakeland, 50 00:02:03.000 --> 00:02:05.220 I can do a hundred seats in Tegucigalpa, 51 00:02:05.220 --> 00:02:06.930 I can do a thousand seats in Manila." 52 00:02:06.930 --> 00:02:10.620 This is about what am I solving for you? 53 00:02:10.620 --> 00:02:13.020 How do I embed technology and digital? 54 00:02:13.020 --> 00:02:15.120 What are the problems I fix and ship 55 00:02:15.120 --> 00:02:17.430 and what are the problems I ship and fix? 56 00:02:17.430 --> 00:02:20.010 And in that, how do I bring the whole construct of 57 00:02:20.010 --> 00:02:22.440 how do I solve for your budgetary pressures? 58 00:02:22.440 --> 00:02:26.587 Which first I need, it's the classical saying, you know, 59 00:02:26.587 --> 00:02:28.830 "I have to feed a hungry person 60 00:02:28.830 --> 00:02:31.020 before I talk philosophy." 61 00:02:31.020 --> 00:02:32.880 Rather than talk philosophy for somebody 62 00:02:32.880 --> 00:02:34.583 who's missed a couple of meals before. 63 00:02:34.583 --> 00:02:37.710 So, embedding the agenda and making sure 64 00:02:37.710 --> 00:02:40.110 that you're catering to the right audience is the first. 65 00:02:40.110 --> 00:02:44.280 And once that is done, we should damn well know what we want 66 00:02:44.280 --> 00:02:47.580 to deliver as outcomes, which is establishing that baseline, 67 00:02:47.580 --> 00:02:50.523 which is where the systems processes comes into place. 68 00:02:51.660 --> 00:02:54.180 six out of ten, a lot of things will go wrong. 69 00:02:54.180 --> 00:02:56.490 So then the question is how do you evaluate the outcomes 70 00:02:56.490 --> 00:02:59.280 and make sure that you're able, using the risk capital 71 00:02:59.280 --> 00:03:01.500 and the capital allocation pool that has been created, 72 00:03:01.500 --> 00:03:04.770 how do you buttress the impact so it doesn't sink your company 73 00:03:04.770 --> 00:03:07.230 to make sure that you're able to then go back 74 00:03:07.230 --> 00:03:08.910 to the drawing board reengineer 75 00:03:08.910 --> 00:03:11.460 so that the value-based conversation goes on. 76 00:03:11.460 --> 00:03:16.230 And the last thing is how do you end your... 77 00:03:16.230 --> 00:03:18.060 that if you're a public company you're different, 78 00:03:18.060 --> 00:03:19.080 if you're a private company, 79 00:03:19.080 --> 00:03:21.000 but all of them have a certain level 80 00:03:21.000 --> 00:03:22.950 of accountability that is required. 81 00:03:22.950 --> 00:03:23.910 How do you manage that? 82 00:03:23.910 --> 00:03:26.100 So, I think we live our lives 83 00:03:26.100 --> 00:03:28.500 through these four D's and capital allocation 84 00:03:28.500 --> 00:03:32.100 and it's a cycle, but it's like a machine learning, 85 00:03:32.100 --> 00:03:34.320 it's an organizational learning for us. 86 00:03:34.320 --> 00:03:36.000 You know, as we are getting more mature 87 00:03:36.000 --> 00:03:38.310 and how we are, you know, dealing with these situations. 88 00:03:38.310 --> 00:03:41.970 And as I said, you know, we can't be in every dance, 89 00:03:41.970 --> 00:03:43.410 but you have to pick and choose the dance 90 00:03:43.410 --> 00:03:46.260 that you know we are good at and make an impact. 91 00:03:46.260 --> 00:03:49.560 And hopefully, you know, it'll bear fruit 92 00:03:49.560 --> 00:03:51.123 and that's a belief we have.