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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.

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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. Less than 25% of employees have attended a company sponsored training program in the last five years. Companies do not prepare employees to work well as a team. Pulling It All Together.

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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. Less than 25% of employees have attended a company sponsored training program in the last five years. Companies do not prepare employees to work well as a team. Pulling It All Together.

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How Etsy Found Its Purpose and Crafted a Turnaround

Harvard Business

CEO Josh Silverman’s purpose-driven turnaround at Etsy made the company profitable and improved its social and environmental impact.

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Narrow Your Niche to Win More Work as a Solopreneur

Successful Independent Consulting

If you were a full-time employee at a company, think about any special projects or task forces, either as a team member or subject matter expert. An individual, team, departments, or the whole company? Were you involved with the strategy, planning, implementation, or all of the above? Exercise #2: Study Your Work History.

Exercises 195
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A Bread and Butter Method for Identifying the Right Organizational Structure

Steve Shu Consulting

It is the concept of first identifying strategy and second aligning structure. 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. Turnaround times might be much longer.

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How Agile Teams Can Help Turnarounds Succeed

Harvard Business

It is most definitely not for big, old-line companies that are facing an existential crisis and require a full-scale turnaround. None of these conditions exists in extreme events such as natural disasters, terrorist attacks, major military battles — or large-scale business turnarounds. It’s for techies.