Moving from Eat What You Kill (EWYK) to Building a Village (BAV) Model
Moving from Eat What You Kill (EWYK) to Building a Village (BAV) Model -Handout.pdf <Handout is password protected: Opens with the password for the video (case sensitive – same as for the live show)>
Description: This webcast assumes the knowledge gained in the first webcast and focuses on the changes required to move from an EWYK to a BAV operating model, or to root the hybrid model in BAV instead of EWYK. The change sounds simple, but there are several steps required to support this transformation. We go through the process step-by-step and discuss decisions that need to be made along the way, even though some of those decisions may need to be revised as you travel further down this path. Our approach is proven to help the partner group gain the traction needed to make these changes stick.
Content:
- The natural process firms need to follow as they move from one model to the next
- The critical role governance plays in this transition
- Why retirement benefits typically have to be the first step if you want any changes to stick
- Why equity reallocation is a normal part of this evolution
- Establishing the roles and responsibilities of partners
- The role compensation plays in maintaining the new firm operating structure
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