Remove Company Remove Management Remove Operations Remove Turnaround
article thumbnail

Desperate Times Call for Effective Turnarounds

BCG

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. We refer to these as turnaround and restructuring efforts.

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

Team failures, which sit at about 60% , demoralize employees, reduce productivity, cost companies billions of dollars, and inhibit innovation. Over 80% of managers fail according to leadership derailment studies. Less than 25% of employees have attended a company sponsored training program in the last five years. You must act.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

Team failures, which sit at about 60% , demoralize employees, reduce productivity, cost companies billions of dollars, and inhibit innovation. Over 80% of managers fail according to leadership derailment studies. Less than 25% of employees have attended a company sponsored training program in the last five years. You must act.

article thumbnail

Why CEO’s Hire Consultants and Coaches: The REAL Value They Bring with Brad Rex

Consulting Matters

He applied for a financial manager job at Disney and was one of 1400 candidates. This job involved visiting their resorts in New York, Orlando, Las Vegas, and Hawaii, until the company was acquired by Blackstone. Now, they are in network with all the major insurance companies and have a major partnership with Wounded Warrior Project.

article thumbnail

A Bread and Butter Method for Identifying the Right Organizational Structure

Steve Shu Consulting

Suppose you are trying to design a company whose strategy is to provide broadly accessible, lower-cost, optical glasses to customers within quick turnaround times of one hour. On the other hand, consider designing a company that provides niche, high-end premium glasses, potentially with custom features requiring specialized equipment.

article thumbnail

The Perils of Internal Disruption (Part 2)

Markovitz Consulting

But when it comes to internal operations at least, disruption is often both bad for business and for employees, because it causes unevenness in work. The former president of Wiremold, Art Byrne, explains in his book The Lean Turnaround that he eliminated volume discounts and incentives for sales to book the largest possible orders.

article thumbnail

AlixPartners Interviews and Culture

Management Consulted

AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.