Remove Culture Remove Sales Remove Turnaround
article thumbnail

Desperate Times Call for Effective Turnarounds

BCG

We refer to these as turnaround and restructuring efforts. Sales numbers may be stable, or even growing, yet profitability has begun to decline. Sales are now stagnating or declining, while profit margins turn markedly negative. At this point, the company starts burning through cash reserves and needs to launch a turnaround. .

article thumbnail

Saving RadioShack

Tom Spencer

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Key to Campbell Soup’s Turnaround? Civility.

Harvard Business

When Doug took over as CEO of Campbell Soup Company in 2001, the company had just lost half its market value, sales were declining, and the organization was reeling from a series of layoffs. These expectation-setting actions provided a public platform to build a performance-oriented culture and were crucial in transforming the culture.

article thumbnail

FTI Consulting Interviews and Culture

Management Consulted

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. However, US-based clients still account for the vast majority (around 75%) of sales. Private Equity.

article thumbnail

When Is Teamwork Really Necessary?

Harvard Business

Consider the example of Nicolas, a regional sales vice president at a medical devices company. When promoted to his new role, he inherited a group of district sales managers responsible for selling to hospital systems in their respective geographies. Role Models: shape the values, behavior, and culture of the organization.

article thumbnail

Seabury Group Interviews and Culture

Management Consulted

Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operational turnaround. SEABURY GROUP CULTURE. In fact, in terms of firms we profile, they are truly one of the new kids on the block.

Groups 100
article thumbnail

How Organic Wine Finally Caught On

Harvard Business

Whole Foods Market, which by 2010 accounted for over one half of organic food sales in the United States, did little to promote organic wines. The Turnaround. In an increasingly globalized 21 st century world, organic wine had become a potent symbol of localized place and culture strongly tied to the past century. What changed?

Chemicals 132