Remove 2015 Remove Culture Remove Productivity Remove Turnaround
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Private Equity’s New Phase

Harvard Business

From 1996 to 2015, the number of publicly traded companies in the United States alone dropped nearly 50%. These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. Leaders were driven by short-term profits and rapid action to flip the organization.

Talent 28
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How Volvo Reinvented Itself Through Hiring

Harvard Business

Volvo’s turnaround over the last decade offers a great example. Under new ownership (Volvo was sold to China’s Geely by Ford in 2010), the Swedish automaker decided to transform its product line by becoming a premium player. Between 2011 and 2015, the company added 3,000 new people in engineering and development.

Talent 28
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The Mistakes PE Firms Make When They Pick CEOs for Portfolio Companies

Harvard Business

What’s more, the demand for rapid growth often comes with a push from investors to enter new markets or ramp up product innovation. CEOs need to know how a change in strategy (a new target market, say, or a new product) will affect manufacturing, marketing, selling, servicing, and other processes.

Company 28
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The Connection Between Employee Trust and Financial Performance

Harvard Business

Contrary to popular belief, cultivating a high-trust culture is not a “soft” skill — it’s a hard necessity. Furthermore, a 2015 study by Interaction Associates shows that high-trust companies “ are more than 2½ times more likely to be high performing revenue organizations ” than low-trust companies.

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4 Ways CEOs Can Conquer Short-Termism

Harvard Business

In 2015, for instance, he raised the base employee wage by 33%, to $16 an hour, and introduced an enhanced benefit program for employees with household incomes under 300% of the federal poverty level, potentially saving them thousands per year in health care costs. .”

Metrics 29