Remove 2004 Remove Culture Remove Turnaround
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At LEGO, Growth and Culture Are Not Kid Stuff

BCG

The turnaround of the LEGO Group is one of the famous business stories of this century. A victim of overexpansion and brand dilution, LEGO was on the brink of bankruptcy in 2004, when Jørgen Vig Knudstorp became the CEO. He was a 35-year-old former academic and consultant who quickly gained a reputation as a turnaround artist.

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As Work Changes, Leadership Development Has to Keep Up

Harvard Business

Leaders must have the vision and forward-focus to anticipate how technology could disrupt the business model and the skill to mobilize the organization for change and drive a culture of collaboration. Voser took a detour to be CFO for ABB from 2002 to 2004 and then returned to Shell to become CEO in 2009.