article thumbnail

Brewing a Turnaround at DAVIDsTEA

1 to 1

Only two years after going public, specialty tea retailer DAVIDsTEA announced at the end of 2017 that it was evaluating strategic alternatives, including a potential sale and store closures. more than 12,000 stores are expected to close in 2018, up from about 9,000 in 2017, according to commerci. In the U.S.,

article thumbnail

Digital Growth Depends More on Business Models than Technology

Harvard Business

These include manufacturing, budgeting, planning, sales and marketing, and customer service. For an example of digitally-enabled business model transformation, consider Domino’s Pizza, which has experienced a massive turnaround since 2010. But the key to transformational growth is still a powerful and coherent business model.

article thumbnail

GE’s Fall Has Been Accelerated by Two Problems. Most Other Big Companies Face Them, Too.

Harvard Business

In the fall of 2017 under Flannery, MA&D unsurprisingly became GE’s turnaround strategy tool. So on June 26, 2018, Flannery announced that GE was going to be fixed by doing more, and bigger, divestitures, this time spinning out the giant GE Healthcare and Baker Hughes businesses — and cutting costs some more.

Company 34