Harvard Business
NOVEMBER 24, 2017
An example of strategic burnout can be found at Lego around 2004. 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.
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. When Knudstorp took over as CEO in 2004, he quickly settled on a course of action: return the company to its core. Build a Re-Founding Team.
Harvard Business
OCTOBER 10, 2016
Similar to the advance of “standardized process” in the early 20th century, digital is not just the new product to offer our customers (e.g., Voser took a detour to be CFO for ABB from 2002 to 2004 and then returned to Shell to become CEO in 2009. In his own words, “it was a truly formative experience.”
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