How Etsy Found Its Purpose and Crafted a Turnaround
Harvard Business
MARCH 22, 2022
CEO Josh Silverman’s purpose-driven turnaround at Etsy made the company profitable and improved its social and environmental impact.
When Charismatic CEOs Are an Asset — and When They’re a Liability
Harvard Business
DECEMBER 1, 2023
However, charisma can be especially useful in two business concepts with big unknowns: entrepreneurial startups and corporate turnarounds. Starting in the 1980s, a generation of larger-than-life CEOs became full-blown celebrity, but over time, research suggested that charismatic CEOs tended to have drawbacks at leaders.
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How Microsoft Became Innovative Again
Harvard Business
FEBRUARY 20, 2023
Inside the cultural turnaround that helped the tech giant think like a startup.
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How to Develop Your Tagline to Win More Work
Successful Independent Consulting
AUGUST 28, 2024
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. You get the idea.
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The Key to Campbell Soup’s Turnaround? Civility.
Harvard Business
OCTOBER 5, 2017
Being treated with respect had a more powerful effect on employees than other more celebrated leadership behaviors including recognition and appreciation, communicating an inspiring vision, providing useful feedback — even opportunities for learning, growth, and development. People valuing Campbell.”
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6 Turnaround Tactics for a Failing Team
Rick Conlow
JUNE 3, 2021
Over 80% of managers fail according to leadership derailment studies. 3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. The antidote to terrible teams is better leadership. These kinds of actions can swiftly turnaround a failing team.
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6 Turnaround Tactics for a Failing Team
Rick Conlow
JUNE 3, 2021
Over 80% of managers fail according to leadership derailment studies. 3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. The antidote to terrible teams is better leadership. These kinds of actions can swiftly turnaround a failing team.
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Narrow Your Niche to Win More Work as a Solopreneur
Successful Independent Consulting
APRIL 1, 2024
Here is a snippet from his resumé: Professional Summary and Services Jack Tradesmith is a senior consultant with professional experience in organization development and change, leadership and organizational communications, and coaching, as well as internal and external corporate communications, including global marketing initiatives.
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195 Your Consulting Niche vs Jack-of-All-Trades Myth
Successful Independent Consulting
JANUARY 20, 2017
Here is a verbatim snippet from her résumé at the time: PROFESSIONAL SUMMARY AND SERVICES Senior consultant with professional experience in Organization Development and Change, Leadership and Organizational Communications and Coaching , as well as internal and external Corporate Communications, including global marketing initiatives.
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Our thought leadership predictions for 2021
The Source
JANUARY 15, 2021
From our unique position looking across the whole thought leadership landscape, we believe there are some key trends that will help to shape 2021. The events of 2020 have undoubtedly shaken things up in the world of consulting firm content production. Here are our top three: A more agile mindset. A more collaborative approach. …
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AlixPartners Interviews and Culture
Management Consulted
JANUARY 25, 2016
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.
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When Is Teamwork Really Necessary?
Harvard Business
AUGUST 16, 2018
So what he mostly needed was hub-and-spoke, one-on-one leadership, through weekly individual meetings, supplemented by periodic group get-togethers. In turnaround situations, for example, the most important roles for the team often are Agenda Setters, Execution Drivers, and Architects (leading required organizational transformation).
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PE Firms Are Creating a New Role: Leadership Capital Partner
Harvard Business
AUGUST 11, 2017
Making these shifts requires increased attention to organizational governance around three domains: talent, capability , and leadership. To focus that attention and transform the companies in their portfolios, PE firms are establishing a new role that we call a leadership capital partner (LCP).
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How to Manage a More Experienced Direct Report
CaseInterview.com
MAY 31, 2022
None of these five leadership functions requires functional expertise that exceeds that of those who report to you. That will increase their turnaround time for the work orders in their group by 70%. The question you do need to be able to answer is whether a 70% improvement in turnaround time is worth the $200,000 cost.
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Are you leadership material? Leadership myths dispelled.
Peter Stark
JUNE 9, 2020
At the end of a tough day, have you ever thought that you might not be leadership material? The term leadership material falsely implies that either you have what it takes to be a leader, or you don’t. Let’s take a look at some of the most prevalent leadership myths: Great leaders are born, not made.
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52 First, You’ve Got to Show That You Care
Markovitz Consulting
NOVEMBER 26, 2018
John Shook describes how within the constellation of GM plants, the Fremont plant went from worst to first in quality in one year, with a 180-degree turnaround in culture, all while keeping the same workers. (In Or small issues that don’t necessarily make it to the radar screen of leadership even if they’re important to the employees.
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Reflecting on David Garvin’s Imprint on Management
Harvard Business
MAY 18, 2017
A follow-up article, coauthored with Amy Edmondson and Francesca Gino, delved more deeply into such issues as psychological safety, openness to new ideas, and leadership attention. Great leadership is extraordinarily difficult. But the main contribution of “Is Yours a Learning Organization?”
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Your Organization Wastes Time. Here’s How to Fix It.
Harvard Business
MARCH 13, 2017
Recent analysis by Bain found that the biggest biopharma value creators are category leaders, and those that combine their category leadership with portfolio focus within their categories deliver annual total shareholder returns more than twice those of companies that are diversified followers. But that drags down shareholder returns.
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In the Best Sales Teams, About Half of the People Are in Support Roles
Harvard Business
MAY 25, 2016
Sales leadership created a European shared service center and consolidated activities such as order handling, credit checking, license registration, receivables management, and invoicing. To change this, the company adjusted its sales support functions and manager oversight to the ideal ratios we’ve outlined.
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Leaders Who Get Change Right Know How to Listen
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.
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The Journey from Underdog Athlete to Turnaround CEO w/Mike MacDonald Ep#155
Strategic Planning and Management Insights
MARCH 1, 2022
SME Strategy is a strategy consulting company that specializes in aligning teams around their vision, mission, values, goals and action plans. Learn more about how we can help align your team with our strategic planning and implementation services.
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7 Tenets of a Good CEO Succession Process
Harvard Business
DECEMBER 7, 2016
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. Leadership is changing — fast. How does this impact his or her leadership? Insight Center. The 21st-Century CEO.
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List of strategy consulting firms in Hong Kong
Tom Spencer
SEPTEMBER 29, 2011
A&M is an independent global professional services firm which provides leadership, problem-solving and value-creation services to companies across the industry spectrum. Value Partners has turnaround and change management expertise working with industrial and service multinationals. Leadership. Tel: +852 3102 2600.
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4 Ways CEOs Can Conquer Short-Termism
Harvard Business
FEBRUARY 24, 2017
We offer such a roadmap here, the outcome of a research project , at the Center for Higher Ambition Leadership, with 25 CEOs and their practices for mastering short-term pressures and creating long-term social and economic value, even in the toughest conditions. This value-based leadership paid off.
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Marissa Mayer’s Departure from Yahoo and the Challenge of Drawing Lessons from an N of 1
Harvard Business
JUNE 15, 2017
With that luxury in our hands now, here are some critical leadership lessons we can draw from Mayer’s tenure as CEO of Yahoo. Too often when we evaluate leadership performance, we fail to distinguish between the leader’s personal success and the success of their companies. Experience (still) matters.
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Quick Tips for Consulting to Small Organizations | Consulting and.
Consulting and Organizational Management
OCTOBER 26, 2011
Instead, I’ve been more successful with, e.g., ”turnaround specialist” or “business developer.” Focus on leadership and managment “systems/structures,” not on people (which can be hard to do with today’s infatuation with heroic leaders. Leadership. Coaching and Action Learning.
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76 A Simple Way to Map Out Your Career Ambitions
Harvard Business
NOVEMBER 30, 2018
Leadership & Developing People Book. 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. Further Reading. 8 Steps to High Performance: Focus On What You Can Change (Ignore the Rest). Marc Effron.
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4 Signs an Executive Isn’t Ready for Coaching
Harvard Business
JULY 9, 2018
One CEO we worked with was known for his smart turnarounds of a large media company. Ultimately, he was passed over for a permanent role on the parent company’s leadership team, and left the organization. Before any coaching can be effective, they need to wake up to the ways their actions affect others.
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134 To Grow as a Leader, Seek More Complex Assignments
Harvard Business
JULY 20, 2016
Companies like GE, Unilever, and McKinsey do the same, exposing their highest-potentials to new sectors, new companies, new markets, new situations, and new functions, making themselves leadership factories in the process. against the average scores for those metrics from all the executives in our worldwide database.
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70 Private Equity’s New Phase
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. But just as rental houses are often given minimal maintenance, leaders of acquired firms brought in only the minimum leadership necessary.
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Great Leaders Are Confident, Connected, Committed, and Courageous
Harvard Business
JULY 13, 2018
Brad was leading a difficult turnaround of his company and had decided to fire his head of sales, who was a nice guy but wasn’t performing. Pat LaCroix/Getty Images. Three months later, he still hadn’t fired him. I asked him why. His answer? “I’m a wimp!”
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134 Great CEOs See the Importance of Being Understood
Harvard Business
DECEMBER 16, 2016
No one who listens to Alan Mulally describe Ford’s remarkable turnaround escapes his rendition of One Ford , One Team , and Working Together. Leadership is changing — fast. “Those are more than just words,” he passionately declared. Insight Center. The 21st-Century CEO. Sponsored by Cognizant.
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7 Factors of Great Office Design
Harvard Business
MAY 20, 2016
The New York headquarters housed over a third of its workforce, including developers, the sales team, operations, and leadership. The developer teams realized that they were more interactive than they initially imagined, but also needed quiet space to churn out quick turnaround projects.
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What to Do When You’re Returning to a Company You Used to Work For
Harvard Business
AUGUST 4, 2017
“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. ” She negotiated with the leadership team to come back in a more senior position. ” Pace yourself. ” Principles to Remember.
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FTI Consulting Interviews and Culture
Management Consulted
FEBRUARY 15, 2015
FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. Leadership Forums. Honored with Seven M&A Advisor Turnaround Awards. 1999: FTI Consulting began trading as a public company on the NYSE.
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100 How to Pull Your Company Out of a Tailspin
Harvard Business
SEPTEMBER 8, 2016
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. Kaufmann proceeded to engineer a turnaround of the company by focusing on the top end of the market. Other companies can do the same.
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Common Project Challenges – and how to deal with them
The Management Centre
DECEMBER 2, 2021
Talk through options for communicating better, aiming to ensure the Project Sponsor has the right information at the right time and an agreed turnaround time. Explain the impact on the project outcomes when decisions and/or sign off are delayed. How to minimise this in the future.
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Leading Across Cultures Requires Flexibility and Curiosity
Harvard Business
MAY 30, 2016
This was validated in my most recent research into mindfulness and leadership, where it emerged as the number one skill. What Leadership Looks Like in Different Cultures. His approach led to a very successful turnaround of this country’s operation – and all done without the local leaders feeling culturally imposed upon.
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Outsider CEOs Are on the Rise at the World’s Biggest Companies
Harvard Business
APRIL 19, 2016
Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. According to PwC’s DeAnne Aguirre, one reason for this may be that when companies fail to groom women for top leadership positions, those women are more likely to be recruited away.
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Organizations Can’t Change If Leaders Can’t Change with Them
Harvard Business
OCTOBER 24, 2016
” This reflects an endemic lack of self-awareness in leadership, and the costs are significant. One client of ours realized early in the process of leading the turnaround of a flailing division that her impatience was making performance worse and weakening confidence in the future.
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The Decline of Yahoo in Its Own Words
Harvard Business
JUNE 2, 2016
Plenty of theories have been put forth to explain Yahoo’s failures, as the company seeks a buyer following a failed turnaround attempt. Did Yahoo’s leadership really miss the importance of smartphones? One of the most prominent is that Yahoo was late to mobile. Perhaps by 2012 it was already too late.
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How to Turn Around a Failing School
Harvard Business
AUGUST 5, 2016
Like any turnaround, there is no magic bullet — a series of remedial steps need to be taken. Do improve governance, leadership, and structures first. Great teaching is wasted without the right governance, leadership, and structures, with well-behaved students. So what did we find? Don’t reduce class sizes.
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How to Overcome Executive Isolation
Harvard Business
FEBRUARY 2, 2017
” But being isolated at the top can compromise your decision making and leadership effectiveness, both of which require having as much firsthand information about a situation as possible. The loneliness that often comes with being a CEO may seem like a small price to pay for the rewards, recognition, and power that come with the job.
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How Companies Escape the Traps of the Past
Harvard Business
APRIL 26, 2016
.” In his characteristic style, Welch blasted the Elfun Society at their leadership conference. ” His Box 2 speech had an impact within Elfun and its turnaround became a symbol of transformation for GE as a whole: “…Today [2001] Elfin has more than 42,000 members, including retirees.
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