Remove Change Management Remove Examples Remove Productivity Remove Turnaround
article thumbnail

Small Steps or Big Steps: What’s the Right Way to Begin Improvement?

Markovitz Consulting

He describes his “shock and awe” approach (my terminology) in his excellent book The Lean Turnaround , where he takes the company through several week-long kaizen events. Trying to improve productivity in a process by 25% on first try is (generally) a recipe for failure and frustration—notwithstanding Byrne’s success with that approach.

article thumbnail

Leaders Who Get Change Right Know How to Listen

Harvard Business

She had to help Xerox recover from a series of missteps by previous leaders, including product failures and poor accounting practices, as well as an economic downturn that had pushed the company to the brink of bankruptcy. ” And she restored the company’s profitability — the turnaround was a success. Hope rekindled.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Organization Wastes Time. Here’s How to Fix It.

Harvard Business

Look closely, and you’ll find that most companies have stretched their brands and product portfolios to customers and markets in which they are undifferentiated and profits are weak. For example, large biopharma companies compete in many categories and tend to accumulate an array of follower positions.

How To 36
article thumbnail

How Volvo Reinvented Itself Through Hiring

Harvard Business

But when some CEOs in this position look at the people they employ, they discover a problem: a swath of their existing team doesn’t have the necessary skills or metabolism for change to meet the new challenges. Volvo’s turnaround over the last decade offers a great example.

Talent 28