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Video Thursday, January 19, 2017. The turnaround of the LEGO Group is one of the famous business stories of this century. He was a 35-year-old former academic and consultant who quickly gained a reputation as a turnaround artist. It turns out that LEGO clothing was a bad idea.
Volvo’s turnaround over the last decade offers a great example. “Technically, cars today are very different from ten years ago,” says Sällström, whom we interviewed for our book, Talent Wins. Net revenue hit an all-time high in 2017, and profits rose for the third consecutive year.
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