article thumbnail

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. . Failure to do so—and continuing to burn cash—leads to the third and final phase: a liquidity crisis, in which the company may soon lack the financial resources to keep operating.

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. Problems- – resource related. Whether you have resources for this or not is not an excuse. This is often defined in terms of resources: budget, time, and expertise. Strengths and weaknesses.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. Problems- – resource related. Whether you have resources for this or not is not an excuse. This is often defined in terms of resources: budget, time, and expertise. Strengths and weaknesses.

article thumbnail

How to Manage a More Experienced Direct Report

CaseInterview.com

Let’s say you manage a technical resource (this could be a technologist, lawyer, CPA, or medical professional). 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.

Report 105
article thumbnail

When Is Teamwork Really Necessary?

Harvard Business

The members of Catherine’s product development team, by contrast, had to be Integrators (ensuring integration across the functions), Execution Drivers (committing to and achieving goals within their functions) and Diplomats (communicating, securing resources, and building support with external constituencies). SOURCE Michael Watkins. ©

article thumbnail

AlixPartners Interviews and Culture

Management Consulted

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.

article thumbnail

Narrow Your Niche to Win More Work as a Solopreneur

Successful Independent Consulting

KnowYourNiche #SolopreneurSuccess Related Resources: Web workshop: Know Your Niche: Branding to Build Your Business Book: Succeeding as a Solopreneur: Six Keys for Taking the Leap, Winning Clients, and Building Wealth They have a defined niche that makes them easy to remember.

Exercises 195