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
In the list of taglines above, some of the keywords are “big, hairy projects;” “shared services;” “burnout prevention;” and “turnaround leader.” What is necessary is to keep the tagline short, without overly long words or business jargon. These words should cause that expert to be top-of-mind.
Management consulting is a service industry that earns its keep by serving large organisations – corporate, non-profit and government. For more information on the management consulting industry, download “ The HUB’s Guide to Management Consulting “ ]. (Source: Flickr ).
On the first hour of the first day Doug works with a direct report , he tells them exactly how he intends to lead, what he values, his thoughts on his industry, and his work and communication style. One such practice is what Doug calls Declaring Yourself , which he developed as President of Nabisco Foods Company and still uses today.
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.
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.
About the guest: About the guest: Brad Rex is an accomplished senior executive and corporate officer with proven experience growing businesses and driving results in start-up, turnaround, expansion and multi-site situations. An industry visionary, Brad specializes in distressed and growth business opportunities.
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. Industries. 2013) Outstanding Turnaround Firm – Turnarounds & Workouts.
Transformation and turnaround leader specialized in building teams, measurement systems, and driving results at distressed and growth companies alike, with a focus on the middle market. Translation: turnaround expert. What was the industry? Translation: change management for IT projects. What solution was created or implemented?
During the past five years, industrial use of artificial intelligence (AI) has risen exponentially across industries. At the same time, front-runners across industries are partnering with technology companies to identify game-changing business solutions that can be achieved through AI.
What was the industry? They have a defined niche that makes them easy to remember. More importantly, prospective clients recognize the consultant’s vocation by simply skimming their LinkedIn profile or resumé. Next, answer these questions for each project: What was the project about? What problem was being solved? Who was the client?
This expertise may be as broad as “operations turnaround” and as specific as “benchmarking for insurance companies.” Consultants move on to a vast array of fields – from industry to academia, government to non-profit. ” Soft skills: 1) Client interaction (explained above). 2) Heavy team interaction.
The private equity industry has a clear understanding of the importance of the medium term. The beauty of the PE industry model is that it does not succumb to the travails of the short term or the dreams of the future. A key feature of the turnaround, led by CEO Marcel Telles, was avoiding a hopelessly long-term view.
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. First, the conventional wine industry saw it as a threat. The Turnaround. Early Struggles.
That may be fine if you’re running an espresso bar, but not in an industrial facility without air-conditioning, where the temperature can easily reach 90 degrees in the summer. The full-size paper drinking cups were replaced with tiny two-ounce cups by an over-eager executive in the finance department looking to cut costs.
By looking at detailed sales data from 40 companies in technology-related industries, we have identified guidelines for the optimal amount and type of sales support and management. This includes all non-quota-carrying roles in the organization: customer-facing support, sales operations and administration, and sales management.
They are assigned to service areas, industry verticals, or both. Industry verticals are centered around specific industries, for example telecom and media, healthcare, industrial and consumer goods, or financial services. Then there is the type of consulting that focuses solely on a specific industry or functional area.
Compared to its peers, FTI Consulting is a youngster in the consulting industry. Luczak pioneered solutions at the intersection of law, communications and technology that affected not only the cases he was involved in, but the industry itself. Dispute, litigation and investigations services for construction industry.
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. Student consultants, as a general rule, are unlikely to hold specific expertise on their clients’ businesses or industries.
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.
The sample includes senior and junior managers and individual contributors from a range of industries in corporate America; my aim was to statistically identify work habits that correlate with higher performance.). When I was teaching the American Express turnaround case at HBS, Harvey Golub, then the company’s CEO, came to class.
A&M is an independent global professional services firm which provides leadership, problem-solving and value-creation services to companies across the industry spectrum. IMS is the leading provider of information services for the healthcare industry. Founded in 1983, A&M operates in 38 cities worldwide. Applied Value Group.
Many industries have had to downsize sales forces. sales reps following an industry-wide downsizing trend. sales reps following an industry-wide downsizing trend. But too often, companies cut a few sales jobs and hope for a market turnaround that never happens. japatino/Getty Images.
Alpha is a leading global provider of consulting, benchmarking and implementation services to financial institutions with a particular focus on the asset and wealth management industries and the companies that service them. A&M specialises in turnaround and interim management, performance management and business advisory services.
” Little did I know that over the next 10 years I’d be part of the biggest corporate turnaround in global history. If they are doing a story about a service you provide, offer up some hand-picked customer and industry references. Ask if they need any images to use with the story. Stay focused. Prioritize media influencers.
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. The company says it is taking action to ensure its future viability. So what should Sears do now?
The challenge is that you’re competing against every individual in your industry who wants to be a high performer. You’ve not only been a great marketer in one region, but proven that you can lead marketing when you have a new team, in a turnaround situation and in a different geography.
Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operational turnaround. Industries. All of your clients are in the same field, so the chances of interacting with people outside of the industry are greatly reduced. Revenue Improvement.
A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. kevin phillips/Getty Images. These costs are significantly higher for U.S.
The benefit of bringing in specialist consultants is that they are likely to have experience solving similar problems and an understanding of industry best practice. Turnarounds. Restructuring is a niche service which requires specialized knowledge and industry experience. Image: Pexels.
In order to perform industrial espionage a person of the consultant’s sexual partner preference is introduced. For instance, the interviewer in a pod cast asks how you accomplished a turnaround for a client or what process was used to save multiple clients. The honey pot If you are into spy fiction or reality this one is obvious.
Volvo’s turnaround over the last decade offers a great example. To get the skills and change agents it needed, Volvo looked outside the automotive industry. Sällström mapped outside industries, looking for people with pertinent skills. For years, Volvo was a brand stuck between a rock and a hard place.
The growth of the industry tells us so. One CEO we worked with was known for his smart turnarounds of a large media company. HBR Staff/Image Source/Getty Images. The stigma of asking for or being assigned an executive coach is vanishing quickly. In the U.S. But he was struggling to get along with his executive team.
CanadaCo, the largest discount retailer in Canada, currently holds the dominant market share in the industry. Turnarounds. Assuming RadioShack averts bankruptcy and achieves a successful refinancing, what should the strategy be to turnaround and save this iconic company? How can it achieve its savings target?
Share other cases in which you’ve helped companies in their industry gain new competitive advantages, but never start the meeting assuming your offer is right for them. But his core business is turnaround consulting. Be human, explore, and have a conversation. Dan Waldschmidt’s swords.
Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. The industries facing the most disruption have brought in higher-than-average numbers of outsiders recently. That’s nearly double the rate from 2004 to 2007. one of the authors of the study.
decline in Industrial Production deceptive. In a deceptive headline, industrial production fell 0.2 High-tech industries, where production has been flat all year, also rose 0.7 Gains in production, however, would have to extend through year-end to turnaround what has been a weak, export-hit year for the manufacturing sector.
Leading a turnaround requires much more than making a splash. For instance, large-scale studies have shown that CEOs account for a whopping 22% of variability in organizational performance (more than any other variable except the industry the organization is in).
In phase one (buy and sell), PE investors looked for the equivalent of a “fixer-upper house” — a dilapidated company in a good industry that could be purchased at a discount and, after the business equivalent of some fresh paint and new appliances, resold for a profit.
Industrial production shocked to the downside this morning with a drop of 0.6%, the most in 3.5 November was another weak month for the industrial economy, in part reflecting unusually warm temperatures that are driving down utility output. Industrial production came in at the Econoday low forecast, down a very sharp 0.6
While some situations demand outside successors — such as a turnaround or a discontinuous shift in the industry and strategy – we believe that internal candidates remain the future CEOs-of-choice. Choosing a CEO is a high-stakes proposition, arguably the most important decision a board can make.
This company, which stretched into all sorts of industries and markets, offering numerous strategic challenges, should have been an ideal training ground for executives. After earning a degree in industrial engineering, he joined Techint, a multinational conglomerate with headquarters in Milan.
“If you’re entering a turnaround situation,” you need to be prepared to “inject new ideas” and make some tough decisions right away, Watkins says. ” Be positive. You don’t want to “imply that you’ve see it done better at other places and now you’re back to fix a mess.”
” Bertolini and his team studied the industry and concluded that a reasonable target was no more than 6% EPS. 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.
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