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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. You must act.

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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. You must act.

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Saving RadioShack

Tom Spencer

When the business landscape changes, how can you turnaround a failing company? RADIOSHACK , an American consumer electronics giant of yesteryear, faced chaotic trading on Wednesday as analysts predicted the company would report it’s 10th straight quarter of losses. Why is the company failing? Source: Flickr ).

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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.

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Alvarez & Marsal Interviews and Culture

Management Consulted

This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. Well, Sean, thanks for asking so nicely – today is your lucky day! Practice Areas.

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First, You’ve Got to Show That You Care

Markovitz Consulting

Do I even need to tell you that the company is struggling with both productivity and quality? I’ve been working with this company to improve performance on the shop floor, but progress has been incremental. At NUMMI, that meant the tools, the training, and the managerial support that was so badly lacking in the old GM organization.

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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. To be sure, there is some up front training, but the emphasis is on starting the lean journey with kaizen events.