This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Many transformation initiatives focus on improving a company’s financial and operational performance from “good” (or moderate) to “great”—that is, the company is already doing well in some or most areas, yet management still sees a need to make improvements. We refer to these as turnaround and restructuring efforts.
There is, of course, nothing wrong with the openness and transparency that lies behind quarterly reporting. Now a global giant in the drinks business, just 25 years ago, its precursor, Brahma, was a second-tier Brazilian brewer undergoing a painful turnaround in the hands of acquirer 3G, a São Paulo–based private equity house.
Sears Holdings has indicated that “substantial doubt” exists about its ability to continue operations. Analysts say that Sears may still have time to stage a turnaround. Alan Mulally led the turnaround at Ford by restoring a “One Ford” mentality throughout his company and championing pride in the Ford name.
FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. Key Learning Courses are: New Employee Orientation. An inconsistent culture could also mean a lack of transparency in operations or management.
Turnarounds. In an apparent attempt to stop McKinsey poaching key talent, AlixPartners sued its former employees (Eric Thompson, managing director of AlixPartners’ Hong Kong office, and Ivo Naumann, head of its Shanghai branch) on claims that they misappropriated trade secrets before they left the firm’s Asian operations.
These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. a condo development, apartment building, or golf course). Though autonomous, they can improve their operating capabilities and speed up their time to reinvention by learning from each other.
I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” Systems in place that increase productivity and can be implemented by numerous people (no dependency on one tech person, one machine operator, etc.).
Every organization has a slightly different framework of expected experience, but I like to look at this through the lens of strategy and operations. Likewise, I know numerous chief HR officers who have done tours in business, operations, HR, and elsewhere. Formal C-suite advocates and senior sponsors are crucial, of course.
Leading a turnaround requires much more than making a splash. Of course, there is more to leadership potential than experience, and one should not mistake past performance with potential. Either way, leaders are generally not known for their self-criticism or humility, and Mayer seems no different on this point.
When we dig into the roots of a leader’s unproductive behavior, we look for what we call the “operative narrative ,” the “tape” playing at an unconscious level that’s driving unwanted behavior. Leaders should take notes, spot trends, correct course. Know Who and What Triggers You.
Here are some examples of different approaches across industries; Management Consulting : tend to use “operational” type case studies (more details below). Operational Cases: Operations Case, Increasing Sales, Reducing Costs, Improving the Bottom Line, Turnarounds. Is it for one store or all the stores?
” This is a framework I have developed over the course of 35 years of working with and doing research in corporations around the world. And yet without Box 2, organizations don’t truly transform; they persist in limiting ways of operating. Now it’s less than 15 years. So, how do you build Box 2 muscle?
When a private equity firm adds a new company to its portfolio, analysts rigorously size up its financial, operational, and competitive condition. With the firm’s once-rapid growth having slowed to a crawl, the PE company decided the best course was to sell the firm. In fact, management consultancy Bain & Co.
developing the business plan and go-to-market strategy that has enabled us to maintain 100% ownership, operate part-time, grow it slowly over 20 years, and win Sam Adams’s 2016 “Brewing and Business Experienceship” year-long mentorship prize. BREWERY START-UP. With two partners, I launched Flounder Brewing Co.,
As CFO, Noelle was, of course, concerned about the numbers. She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. It’s like we’re surgeons who have a patient bleeding out on the operating table. Do we join hands and sing Kumbaya?
I’ll fast-forward through the next decade, when Garvin, trained in operations, helped to answer the question much of America was obsessed with at the time: How Japanese automakers could make higher-quality, more-reliable cars than Americans, while charging less for them.
This may include discrete projects completed at arms length, such as due diligence on a transaction, or turnaround projects where consultants are embedded within an organisation. Of course, student consultants often work pro bono, and their clients do receive outputs from their work.
Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. redesign the operating model. redesign the operating model.
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. When Knudstorp took over as CEO in 2004, he quickly settled on a course of action: return the company to its core. Build a Re-Founding Team.
Obama nominated Robert McDonald , an Army veteran and experienced executive who had honed his leadership skills during a 33-year career at Proctor and Gamble, to attempt the difficult turnaround. On July 30, 2014, exactly 13 months after retiring as P&G’s Chairman and CEO, McDonald was sworn in as the Secretary of Veterans Affairs.
With post-pandemic online shopping increasing and deals starting earlier and running longer, consistent quality and service levels are essential to keep operations running smoothly. And of course, the cloud’s ability to react with speed and agility based on fluctuating volume will be key this holiday season.
We organize all of the trending information in your field so you don't have to. Join 55,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content