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AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.
This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. ALVAREZ & MARSAL CULTURE. ALVAREZ & MARSAL INTERVIEWS AND RECRUITING.
FTI CONSULTING INTERVIEWS & CULTURE. FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. FTI CONSULTING CULTURE. 1999: FTI Consulting began trading as a public company on the NYSE.
Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operational turnaround. In fact, one of our interview coaches, Michael Hecht, used to work for The Seabury Group and now works for Delta Airlines as a member of their Skymiles team.
When the business landscape changes, how can you turnaround a failing company? Assuming this leads to successful refinancing, what should the strategy be to turnaround and save this iconic company? When faced with a broad turnaround question, it is important to ask a variety of questions to determine the source of the problem.
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. Prior to the turnaround, Knudstorp acknowledges, LEGO had taken this loyalty for granted by stretching the brand too thin.
My company represents self-employed professionals across the country, and over the last seven years I have interviewed, coached, or worked with more than 200 independent management consultants. Translation: turnaround expert. The exact opposite is true. Translation: change management for IT projects. What problems do you solve?
Even without speaking the local language, you can learn a huge amount about a country’s culture from tuning into local television shows, especially comedy programs. Being able to tune into a culture without pre-conceived biases or judgment is a skill all leaders need in complex, global organizations. Managing Across Cultures.
Through historical research and many interviews, we found several ways in which early stumbles in the organic wine market created marketing problems that the industry still struggles to overcome. The Turnaround. Why the difference? ” Organic wine was not strongly embraced by distributors and retailers, either.
The PARADE Method (tm) is an approach to answering resume-oriented job interview questions. It is an approach I developed that is tailored for answering these questions in job interviews for management consulting, as well as interviews for senior executive positions in industry. Interviewers want to know what you did.
We interviewed roughly 30 LCPs to get a sense of how this new role is shaping up. Most of the LCPs we studied began with the task of ensuring the PE firm itself had the right talent, culture, and leadership, and then moved on to do the same for portfolio companies. The LCP’s Role in the PE Firm.
A series of jarring experiences have taught you that: Your management authority is meaningless in a culture that worships engineers. Dense geographic concentrations in regions such as Silicon Valley, Seattle, Boston and Bangalore foster even more cultural idiosyncrasies. We then interviewed more than a dozen U.S.
I’ve interviewed thousands of candidates for managerial roles and tracked the performance of those I successfully hired. Japan’s educational institutions and cultural work ethic give its managers a jump-start in their careers, but most companies don’t continue the development process as far as it could go.
He developed a three-year plan for his turnaround vision, which was translated into annual and quarterly operating plans, and biquarterly responsibilities for his executive team. ” Many CEOs in our interviews emphasized the importance of choosing the right metrics to support both/and decision making. Has something changed?’
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. Developing what we call an “M&A strategy for talent” is one way to overcome this.
This is confirmed by my follow-up interviews with these leaders, which revealed that these internal transitions can be every bit as tough as onboarding, involving combinations of promotions and moves to new units or new geographies, as well as dealing with different cultures and political networks.
Since 2009 we have interviewed and surveyed 181 executives who run PE-owned companies, as well as eight to 15 people who work with each of these 181 executives (supervisors, board members, director reports, and others). He quickly recognized that he had to institute a new strategy and culture.
One employee we were interviewing told us that working at his corporation was almost like a religious experience. For example, we recently interviewed an employee who described her work environment as toxic. Most often, they’re going to need additional help in developing the strategies and actions to make a positive turnaround.
Our study of the actions and impact of 411 leaders of UK academies found that only 62 of them managed their turnaround successfully and sustainably transformed their school. And we interviewed the leaders and their teams to understand the challenges they faced, when they occurred, and how they overcame them.
We then conducted a series of in-depth individual interviews, delving into pivotal experiences in their personal history and career progression, and using Korn Ferry’s executive online assessment to measure key personality traits and drivers that had an impact. Women could be ready for the CEO role sooner. But what else did you do?
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