Harvard Business

JULY 2, 2018

It is most definitely not for big, old-line companies that are facing an existential crisis and require a full-scale turnaround. None of these conditions exists in extreme events such as natural disasters, terrorist attacks, major military battles — or large-scale business turnarounds. It’s for techies.

Turnaround 35

Turnaround Agile Operations System 35

Wakeman Consulting Group: Dave's Blog

JANUARY 1, 2023

I’ll broaden my scope of attention a bit more by continuing to focus on strategy even though I know there will continue to be numpties that will say, “we don’t do strategy” or “that’s not how we operate”. There is a lesson for all of us in Barnes and Nobles’ turnaround: “If you want to sell music, you have to love those songs.”.

Sports 59

Sports Marketing Travel Turnaround 59

Harvard Business

MARCH 30, 2017

Sears Holdings has indicated that “substantial doubt” exists about its ability to continue operations. 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.

Turnaround 28

Turnaround Retail Airlines Apparel 28

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.

Turnaround 28

Turnaround How To Survey Enterprise 28

Harvard Business

AUGUST 22, 2018

She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. It’s like we’re surgeons who have a patient bleeding out on the operating table. As CFO, Noelle was, of course, concerned about the numbers. Do we join hands and sing Kumbaya?

Case Study 40

Case Study Case Studies Study Culture 40

Business Consulting Agency

JANUARY 23, 2024

In this article, we delve into the significance of steering clear of costly errors and highlight how working with business consultants, seasoned professionals who don’t guess but draw from their extensive experience, can substantially improve results. From financial turnarounds to crisis management, the results speak for themselves.

Consulting 52

Consulting Turnaround ROI Case Study 52

Harvard Business

MAY 25, 2016

This includes all non-quota-carrying roles in the organization: customer-facing support, sales operations and administration, and sales management. We found that the levels of operations and administrative support are what matters most. Sales support is critical.

Sales 34

Sales ROI Efficiency Operations 34

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. In phase three, PE firms are not simply holding companies waiting to dispose of the property, nor are they operating companies seeking to integrate their acquisitions into an existing business.

Talent 28

Talent Real Estate Financial Operations 28

Harvard Business

JUNE 2, 2016

On Google’s earnings call for the first quarter of 2006 – more than a year before the iPhone was released and more than two years before the release of the first Android-operated smartphone – CEO Eric Schmidt went out of his way to talk about mobile. One of the most prominent is that Yahoo was late to mobile.

Turnaround 28

Turnaround Data Operations Company 28

Harvard Business

AUGUST 5, 2016

Operated in regions with different levels of competition and access to resources. We could analyze the effects of 58 types of investment, on 18 performance measures over time, in 160 academies operating in 18 different regions. Like any turnaround, there is no magic bullet — a series of remedial steps need to be taken.

How To 28

How To Resources Education Turnaround 28

Harvard Business

JUNE 23, 2016

Now a global giant in the drinks business, just 25 years ago, its precursor, Brahma, was a second-tier Brazilian brewer undergoing a painful turnaround in the hands of acquirer 3G, a São Paulo–based private equity house. A key feature of the turnaround, led by CEO Marcel Telles, was avoiding a hopelessly long-term view.

Turnaround 30

Turnaround Report Company Construction 30

Harvard Business

NOVEMBER 30, 2017

Similar inefficiencies affect other industries as well, and they are likely to multiply as manufacturers seek to expand product portfolios and reduce turnaround times. manufacturing depends in no small part on whether its largest firms help to breathe new life into the broader ecosystem in which they operate.

McKinsey 28

McKinsey Turnaround Pharmaceuticals Benchmarking 28

Harvard Business

SEPTEMBER 6, 2016

When a private equity firm adds a new company to its portfolio, analysts rigorously size up its financial, operational, and competitive condition. A recent Harvard Business Review article on hiring CEOs for PE-owned companies argued that “urgency outranks empathy.” In fact, management consultancy Bain & Co.

Company 28

Company Engineering Turnaround System 28

Harvard Business

MAY 30, 2016

We all went to Uganda [one of their key operations]. His approach led to a very successful turnaround of this country’s operation – and all done without the local leaders feeling culturally imposed upon. “We started meeting in each other’s homes every few months. We traveled together.

Culture 28

Culture Turnaround Interviews Hotels 28

Harvard Business

JUNE 15, 2017

Leading a turnaround requires much more than making a splash. The rules of the game are not clear, individual and organizational success are over-determined, and leaders operate in a complex, abstract and symbolic world where their actions and decisions are not always easy to track.

Turnaround 28

Turnaround Leadership Case Study Case Studies 28

Harvard Business

MARCH 2, 2017

Every organization has a slightly different framework of expected experience, but I like to look at this through the lens of strategy and operations. Likewise, I know numerous chief HR officers who have done tours in business, operations, HR, and elsewhere. You can be stronger at one of them, but you need to know how to manage both.

How To 28

How To Culture Turnaround Talent 28

Harvard Business

OCTOBER 24, 2016

When we dig into the roots of a leader’s unproductive behavior, we look for what we call the “operative narrative ,” the “tape” playing at an unconscious level that’s driving unwanted behavior. The CEO was perpetuating the very problem he sought to fix. Know Who and What Triggers You.

Turnaround 28

Turnaround Change Management Leadership Operations 28

Harvard Business

NOVEMBER 24, 2017

A turnaround subsequently lowered strategic stress to a productive level by discontinuing many of their seemingly unrelated projects, re-focusing on their core business, as well as streamlining operational processes that improved coordination activities. Strategic Boredom (not enough strategic stress).

Strategy 28

Strategy Strategy Strategy& Turnaround 28

Harvard Business

AUGUST 11, 2017

In phase 3, successful portfolio transformations require financial discipline that is not an event, but a pattern; strategic clarity that is not a direction, but a commitment; operational excellence that is not a tool, but a mindset. Once a firm is acquired, the LCP often facilitates the transformation process.

Leadership 28

Leadership Talent Culture Turnaround 28

Harvard Business

FEBRUARY 2, 2017

Senior executives tend to be shielded from organizational problems and data; they are given limited and filtered information about their operations, employees, and customers. But there are other, less dramatic techniques, too. This forced them to go meet these customers and hear how they felt about the company.

How To 28

How To Banking Turnaround Meeting 28

Harvard Business

APRIL 26, 2016

And yet without Box 2, organizations don’t truly transform; they persist in limiting ways of operating. ” 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.

Company 28

Company Culture Turnaround Productivity 28

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.

Exercises 33

Exercises Meeting Real Estate Survey 33

Harvard Business

MAY 4, 2016

developing the business plan and go-to-market strategy that has enabled us to maintain 100% ownership, operate part-time, grow it slowly over 20 years, and win Sam Adams’s 2016 “Brewing and Business Experienceship” year-long mentorship prize. BREWERY START-UP. With two partners, I launched Flounder Brewing Co.,

Resumes 28

Resumes Interviews Cover Letters Recruiting 28

Harvard Business

NOVEMBER 8, 2017

Organizations should intervene to identify and develop promising future talent early in their careers, helping women broaden their skills by providing access to operating roles and leadership opportunities, both horizontal and vertical moves, in core business functions.

Interviews 28

Interviews Benchmarking Case Interview Talent 28

Asamby Consulting

AUGUST 30, 2022

This articles outlines how to build a company wiki: Understand if and why you need a wiki Define the goals for your wiki Choose the best tool to house your wiki Define the structure Start creating and compiling content Keep your wiki used and up to date Why do I need a wiki for my company? You need a wiki.

Company 52

Company How To Tools Process Improvement 52

BCG

SEPTEMBER 21, 2016

Article Wednesday, September 21, 2016. Shaving one minute off the time each aircraft is on the ground between flights can save $5 million to $10 million a year in freed aircraft time and hidden costs across the operation. No other aspect of an airline’s operations has as broad or as deep an impact on the entire organization.

Airlines 40

Airlines Turnaround Operations Financial 40

Harvard Business

MAY 18, 2017

I’ll give a few examples, starting with his first HBR article but mostly concerning later work. (A But the article aimed higher, arguing that when corporate leaders invest with short-term results in mind, they put long-term performance at risk. Sound familiar?

Management 30

Management Turnaround Engineering Benchmarking 30

Harvard Business

MARCH 13, 2017

Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. redesign the operating model. Redesign the Operating Model.

How To 40

How To Energy Operations Bain 40

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. Since Knudstorp took over, Lego’s revenues have increased by 400%, and its operating profit margin has increased from -21% to 34%.

Company 28

Company How To Turnaround Engineering 28

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. Choosing a CEO is a high-stakes proposition, arguably the most important decision a board can make. Insight Center.

Leadership 28

Leadership Talent Turnaround Benchmarking 28

Harvard Business

FEBRUARY 24, 2017

Great stories are credible, simple, consistent, and use both financial and nonfinancial metrics to link a long-term vision and firm values with a distinctive business strategy and focused operational priorities. They operated with a both/and mindset, seeking to deliver on immediate goals in a way that also built a sustainable future.

Metrics 30

Metrics Study Financial Operations 30

Harvard Business

DECEMBER 22, 2016

Obama nominated Robert McDonald , an Army veteran and experienced executive who had honed his leadership skills during a 33-year career at Proctor and Gamble, to attempt the difficult turnaround. On July 30, 2014, exactly 13 months after retiring as P&G’s Chairman and CEO, McDonald was sworn in as the Secretary of Veterans Affairs.

Culture 28

Culture Leadership Resources Healthcare 28

Harvard Business

SEPTEMBER 14, 2017

Our study of the actions and impact of 411 leaders of UK academies found that only 62 of them managed their turnaround successfully and sustainably transformed their school. We found the Architects sustainably transformed a school by challenging how it operated, engaging its community, and improving its teaching.

Research 28

Research Study Education Recruiting 28

Harvard Business

APRIL 16, 2018

A short turnaround between product announcement and tariffs means countervailing political forces have little time to mobilize. It means businesses operating in the United States have much less time to mitigate the tariffs’ negative impacts. Trump’s decision to keep such information close to the vest may be deliberate.

Strategy 28

Strategy Strategy Strategy& Turnaround 28

Harvard Business

OCTOBER 10, 2016

employees, customers, free agents, communities we operate in) and so much more. Voser was impatient for a new experience which attracted him to ABB and there he learned a whole new level of turnaround leadership. the one-click mobile purchasing app), it is the means through which we get work done (e.g.,

Development 28

Development Leadership Talent Agile 28