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After studying and working with hundreds of companies in free fall, we’ve identified concrete steps that leadership teams can take to engineer successful turnarounds and transformations. Founded in the 1930s, Lego developed a repeatable model that allowed it to grow for decades. Other companies can do the same.
An example of strategic burnout can be found at Lego around 2004. A turnaround subsequently lowered strategic stress to a productive level by discontinuing many of their seemingly unrelated projects, re-focusing on their core business, as well as streamlining operational processes that improved coordination activities.
As work itself is changing, some of the basic tenets of leadership development are being challenged. To meet these challenges, we see three priorities for developing the next generation of leaders in the “work-disrupted” age: Mastery of Digital. Developing Tomorrow’s Leaders. Insight Center.
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