article thumbnail

Desperate Times Call for Effective Turnarounds

BCG

Article Friday, November 11, 2016. We refer to these as turnaround and restructuring efforts. At this point, the company starts burning through cash reserves and needs to launch a turnaround. . Turnaround and restructuring programs involve applying all three components: * Funding the Journey. Winning in the Medium Term.

article thumbnail

How Microsoft Became Innovative Again

Harvard Business

Inside the cultural turnaround that helped the tech giant think like a startup.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Key to Campbell Soup’s Turnaround? Civility.

Harvard Business

.” One of the first things Doug did to address the dysfunctional, low-performance environment was to visibly set expectations for how he intended to create a more civil culture built on respect. Practices can be seen both in the smallest of moments and in large-scale adjustments to company culture and procedure.

article thumbnail

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

Harvard Business

Franklin had finally returned to profitability, but she and Cameron Koren, a turnaround specialist who’d been brought in as CEO five years earlier to right the ship, were still working hard to keep the business on track. But culturally, it might be time for a purge,” Cam continued.

article thumbnail

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
article thumbnail

A “Thing” That Really Works

The Fearless Marketer

They can help your clients do things faster and better, improve productivity and effectiveness, increase sales, shorten cycle times, turnaround cultures, etc., Look, I can’t tell you a lot more than this in a blog article, but be patient. Wish I could have explained more in this article, but it really needs a presentation.

article thumbnail

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).