Harvard Business

NOVEMBER 30, 2017

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. kevin phillips/Getty Images. These costs are significantly higher for U.S. But the future trajectory of U.S.

McKinsey 28

McKinsey Turnaround Pharmaceuticals Benchmarking 28

Harvard Business

JUNE 23, 2016

The private equity industry has a clear understanding of the importance of the medium term. The beauty of the PE industry model is that it does not succumb to the travails of the short term or the dreams of the future. A key feature of the turnaround, led by CEO Marcel Telles, was avoiding a hopelessly long-term view.

Turnaround 33

Turnaround Report Company Construction 33

Harvard Business

JUNE 15, 2017

Leading a turnaround requires much more than making a splash. The rules of the game are not clear, individual and organizational success are over-determined, and leaders operate in a complex, abstract and symbolic world where their actions and decisions are not always easy to track.

Turnaround 28

Turnaround Leadership Case Study Case Studies 28

Harvard Business

SEPTEMBER 6, 2016

When a private equity firm adds a new company to its portfolio, analysts rigorously size up its financial, operational, and competitive condition. A recent Harvard Business Review article on hiring CEOs for PE-owned companies argued that “urgency outranks empathy.” This July Founders Equity sold OSI to Jordan Industries.

Company 28

Company Engineering Turnaround System 28

Harvard Business

MAY 30, 2016

The research involved conducting and coding 88 in-depth behavioral event interviews of leading change with 65 leaders, spread across multiple industries and from across five continents. We all went to Uganda [one of their key operations]. “We started meeting in each other’s homes every few months. We traveled together.

Culture 28

Culture Turnaround Interviews Hotels 28

Harvard Business

NOVEMBER 24, 2017

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. Strategic Boredom (not enough strategic stress).

Strategy 28

Strategy Strategy Strategy& Turnaround 28

Harvard Business

AUGUST 11, 2017

In phase 3, successful portfolio transformations require financial discipline that is not an event, but a pattern; strategic clarity that is not a direction, but a commitment; operational excellence that is not a tool, but a mindset. Once a firm is acquired, the LCP often facilitates the transformation process.

Leadership 28

Leadership Talent Culture Turnaround 28

Harvard Business

APRIL 26, 2016

And yet without Box 2, organizations don’t truly transform; they persist in limiting ways of operating. Our industry does not respect tradition—it only respects innovation.” In our work, many leaders tell us that Box 2—destroy the obsolete—is the most challenging; they find it hard to let go of the past.

Company 28

Company Culture Turnaround Productivity 28

Harvard Business

NOVEMBER 8, 2017

Prior to landing the top job, female CEOs in the study worked in a slightly higher number of roles, functions, companies, and industries than men leading companies of a comparable size. In essence, the women worked harder and longer to get to the same place. Some women expressed frustration about the delay.

Interviews 28

Interviews Benchmarking Case Interview Talent 28

Harvard Business

MAY 4, 2016

And he reinforced what he could offer hiring companies — elevating them to the #1 position in their respective industries. This next story is told by a health care EVP/COO who’s planned and executed several turnarounds of large hospital systems. Résumé story details. BREWERY START-UP. FUTURE START-UPS.

Resumes 28

Resumes Interviews Cover Letters Recruiting 28

Harvard Business

DECEMBER 7, 2016

While some situations demand outside successors — such as a turnaround or a discontinuous shift in the industry and strategy – we believe that internal candidates remain the future CEOs-of-choice. Choosing a CEO is a high-stakes proposition, arguably the most important decision a board can make. Insight Center.

Leadership 28

Leadership Talent Turnaround Benchmarking 28

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. Since Knudstorp took over, Lego’s revenues have increased by 400%, and its operating profit margin has increased from -21% to 34%.

Company 28

Company How To Turnaround Engineering 28

Harvard Business

FEBRUARY 24, 2017

Great stories are credible, simple, consistent, and use both financial and nonfinancial metrics to link a long-term vision and firm values with a distinctive business strategy and focused operational priorities. ” Bertolini and his team studied the industry and concluded that a reasonable target was no more than 6% EPS.

Metrics 32

Metrics Study Financial Operations 32

Harvard Business

APRIL 16, 2018

For one, he is not waiting for industries to request protection. A short turnaround between product announcement and tariffs means countervailing political forces have little time to mobilize. It means businesses operating in the United States have much less time to mitigate the tariffs’ negative impacts.

Strategy 28

Strategy Strategy Strategy& Turnaround 28

Harvard Business

OCTOBER 10, 2016

employees, customers, free agents, communities we operate in) and so much more. Voser was impatient for a new experience which attracted him to ABB and there he learned a whole new level of turnaround leadership. the one-click mobile purchasing app), it is the means through which we get work done (e.g.,

Development 28

Development Leadership Talent Agile 28