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Desperate Times Call for Effective Turnarounds

BCG

We refer to these as turnaround and restructuring efforts. At this point, the company starts burning through cash reserves and needs to launch a turnaround. . See Transformation: The Imperative to Change, BCG report, November 2014.) If the company does not change its course, the second stage is a profit crisis.

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How to Manage a More Experienced Direct Report

CaseInterview.com

The ham radio operations team reporting to me will be far more capable at radio operations than I am. I will have physicians and nurses from a volunteer medical core running medical operations who will report to me too. Assign issues to direct reports. Your direct report’s job is to manage this additional staff effectively.

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Soft Skills Training in the Digital Age: Strategies and Best Practices

Clarity Consultants

360-Degree Feedback : Ask managers, peers, and direct reports to evaluate how an employee communicates, leads, or collaborates. On-the-Job Performance Metrics : Look for changes in measurable outcomes: improved customer satisfaction scores, reduced internal conflict, faster project turnaround times, or higher engagement survey results.

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Management Lessons from One Hospital's Dramatic Turnaround

Strategy+Business

The dramatic turnaround engineered by Grossman -- from $120 million in annual losses to consistent profits -- offers important lessons for any manager seeking to overcome chronic underperformance, and lessons are also to be found in the rapid growth in its physician network, a top 10 ranking from U.S.

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The Key to Campbell Soup’s Turnaround? Civility.

Harvard Business

In a worldwide poll of over 20,000 employees , Christine found that employees who felt respected by their leaders reported 56% better health and well-being, 89% greater enjoyment and satisfaction, 92% greater focus and prioritization, 26% more meaning and significance, and 55% more engagement. Most of all, it makes employees feel respected.

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Saving RadioShack

Tom Spencer

When the business landscape changes, how can you turnaround a failing company? RADIOSHACK , an American consumer electronics giant of yesteryear, faced chaotic trading on Wednesday as analysts predicted the company would report it’s 10th straight quarter of losses. Source: Flickr ). Why is the company failing?

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When Is Teamwork Really Necessary?

Harvard Business

Most leaders assume that they need to foster teamwork among the people whom directly and indirectly report to them. Although his one-on-one meetings with these reports, which involved progress reviews, motivation, and coaching, were highly productive, his monthly team meetings weren’t. Caspar Benson/Getty Images. © HBR.org.