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Desperate Times Call for Effective Turnarounds

BCG

Article Friday, November 11, 2016. Many transformation initiatives focus on improving a company’s financial and operational performance from “good” (or moderate) to “great”—that is, the company is already doing well in some or most areas, yet management still sees a need to make improvements. Winning in the Medium Term.

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Case Study: Can You Fix a Toxic Culture Without Firing People?

Harvard Business

She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. But culturally, it might be time for a purge,” Cam continued. It’s like we’re surgeons who have a patient bleeding out on the operating table. Or pull out our scalpels?”

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Business Buy-Sell and the Business’s Status – #3

Martinka Consulting

I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” Here are five: Great people with depth of management, above average compensation (to attract better employees), and a good culture. Magazine’s article titled, “35 Great Questions).

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Leading Across Cultures Requires Flexibility and Curiosity

Harvard Business

Even without speaking the local language, you can learn a huge amount about a country’s culture from tuning into local television shows, especially comedy programs. Being able to tune into a culture without pre-conceived biases or judgment is a skill all leaders need in complex, global organizations. Managing Across Cultures.

Culture 28
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7 Critical Success Factors for Project Based Firms to Consider in 2024

Progressus

CSFs can literally be anything — whether it’s improving customer satisfaction, increasing revenue, reducing operating costs, or something specific to a particular project or deliverable – making them somewhat difficult to identify – let alone define in concrete terms. Are project operations, sales, customer service, etc.

Agile 52
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Getting Old, Getting Stagnant, and That’s Trouble

Martinka Consulting

The July 29, 2015 edition of the Wall Street Journal featured an article titled, “The Cost of Germany’s Graying Managers.” One example in the WSJ article was about Autohaus Ochs GmbH, a Volkswagen dealership. My final example (from the article) is about the Brockhaus Group. As dad coasted, competition raged.

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Is It Too Late for Sears to Save Itself?

Harvard Business

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. Its brand still has clout; its name is as steeped in American culture as Coke and Levi’s. It should start with its internal culture.