Harvard Business

FEBRUARY 24, 2017

Great stories are credible, simple, consistent, and use both financial and nonfinancial metrics to link a long-term vision and firm values with a distinctive business strategy and focused operational priorities. They operated with a both/and mindset, seeking to deliver on immediate goals in a way that also built a sustainable future.

Metrics 118

Metrics Study Financial Operations 118

Harvard Business

OCTOBER 17, 2016

What she learned informed her strategy for the turnaround, which she then communicated through a series of town halls, roundtables, and memos. ” And she restored the company’s profitability — the turnaround was a success. “The response was overwhelming,” Mulcahy said. “Defection slowed to a trickle.

Turnaround 70

Turnaround How To Survey Enterprise 70

Harvard Business

AUGUST 9, 2016

These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. In phase three, PE firms are not simply holding companies waiting to dispose of the property, nor are they operating companies seeking to integrate their acquisitions into an existing business.

Talent 70

Talent Real Estate Financial Operations 70

Harvard Business

APRIL 26, 2016

And yet without Box 2, organizations don’t truly transform; they persist in limiting ways of operating. One effective way is to work on culture. Box 2 muscle requires a culture where honest Box 2 questions are encouraged. Make symbolic bets to remind people that the Box 2 culture is here to stay.

Company 70

Company Culture Turnaround Productivity 70

Harvard Business

NOVEMBER 22, 2016

Improved operational efficiency: AI-based needs analysis systems allow insurers to not only improve their probability of lead-to-quote conversion but also re­duce turnaround time conversions. Start small.

Insurance 72

Insurance Insurance Industry Turnaround 72

Harvard Business

AUGUST 11, 2017

In phase 3, successful portfolio transformations require financial discipline that is not an event, but a pattern; strategic clarity that is not a direction, but a commitment; operational excellence that is not a tool, but a mindset.

Leadership 72

Leadership Talent Culture Turnaround 72

Harvard Business

MARCH 2, 2017

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. Most companies have a distinct culture.

How To 70

How To Culture Turnaround Talent 70

Martinka Consulting

AUGUST 11, 2014

I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” Here are five: Great people with depth of management, above average compensation (to attract better employees), and a good culture. If you’re the owner of one of these, congratulations.

Turnaround 40

Turnaround Trends Journal Financial 40

Harvard Business

AUGUST 5, 2016

Operated in regions with different levels of competition and access to resources. We could analyze the effects of 58 types of investment, on 18 performance measures over time, in 160 academies operating in 18 different regions. Like any turnaround, there is no magic bullet — a series of remedial steps need to be taken.

How To 70

How To Resources Education Turnaround 70

Harvard Business

OCTOBER 24, 2016

Historically, the organization’s culture had been slow and unresponsive because decision making resided largely at the top. He redesigned the organization to create a culture where decision rights were more appropriately distributed to those lower in the organization who were better equipped to solve problems and direct resources.

Turnaround 70

Turnaround Change Management Leadership Operations 70

BCG

SEPTEMBER 21, 2016

Shaving one minute off the time each aircraft is on the ground between flights can save $5 million to $10 million a year in freed aircraft time and hidden costs across the operation. No other aspect of an airline’s operations has as broad or as deep an impact on the entire organization.

Airlines 40

Airlines Turnaround Operations Financial 40

Harvard Business

SEPTEMBER 6, 2016

When a private equity firm adds a new company to its portfolio, analysts rigorously size up its financial, operational, and competitive condition. He quickly recognized that he had to institute a new strategy and culture. In fact, management consultancy Bain & Co. That year TPG hired a new CEO, Andrew Hayek, to rebuild SCA.

Company 70

Company Engineering Turnaround System 70

Harvard Business

OCTOBER 10, 2016

employees, customers, free agents, communities we operate in) and so much more. 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. ” Let’s go back to the IBM example.

Development 70

Development Leadership Talent Agile 70

Martinka Consulting

SEPTEMBER 24, 2015

When the son took over the business they shed operations that were half of their sales and staff. Given his age, family situation, and inattention to company culture the price he received was about half of what it would have been (had he acted earlier). My final example (from the article) is about the Brockhaus Group.

Small Business 40

Small Business Turnaround Journal Sales 40

Asamby Consulting

AUGUST 30, 2022

The turnaround time can easily be days instead of minutes. Create a documentation-first culture Make it a rule that when a piece of information has been asked for once, it immediately gets documented. Establish a culture where the wiki is the first place to go (single source of truth), an only then people ask for answers.

Company 52

Company How To Tools Process Improvement 52

Harvard Business

SEPTEMBER 14, 2017

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. We found the Architects sustainably transformed a school by challenging how it operated, engaging its community, and improving its teaching.

Research 72

Research Study Education Recruiting 72

Management Consulted

DECEMBER 6, 2015

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 KEY STATS. Practice Areas. Tax Advisory.

Interviews 100

Interviews Culture Turnaround Case Interview 100

Harvard Business

AUGUST 22, 2018

She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. But culturally, it might be time for a purge,” Cam continued. It’s like we’re surgeons who have a patient bleeding out on the operating table. Or pull out our scalpels?”

Case Study 132

Case Study Case Studies Study Culture 132

Markovitz Consulting

JULY 11, 2017

He describes his “shock and awe” approach (my terminology) in his excellent book The Lean Turnaround , where he takes the company through several week-long kaizen events. Operational and financial improvements are rapid, dramatic, and lasting.

Turnaround 100

Turnaround Fashion Exercises Training 100

Harvard Business

DECEMBER 22, 2016

In the end, a combination of unattainable objectives, an environment that lacked transparency, and a culture where failure was not perceived to be a viable option, led some VA administrators and clinic staff to manipulate data to make it appear as though the wait time goal was being achieved.

Culture 70

Culture Leadership Resources Healthcare 70

Harvard Business

NOVEMBER 8, 2017

Ambitious women may be hesitant to self-promote, driven more by a sense of purpose and a desire to contribute value and shape culture. Nearly one-quarter said creating a positive culture was one of their most important accomplishments.

Interviews 72

Interviews Benchmarking Case Interview Talent 72

Progressus

NOVEMBER 10, 2023

CSFs can literally be anything — whether it’s improving customer satisfaction, increasing revenue, reducing operating costs, or something specific to a particular project or deliverable – making them somewhat difficult to identify – let alone define in concrete terms. Are project operations, sales, customer service, etc.

Agile 52

Agile Tools Data Talent 52