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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. 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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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? They have a defined niche that makes them easy to remember. Exercise #2: Study Your Work History. Download a worksheet here.)

Exercises 195
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Why CEO’s Hire Consultants and Coaches: The REAL Value They Bring with Brad Rex

Consulting Matters

This job involved visiting their resorts in New York, Orlando, Las Vegas, and Hawaii, until the company was acquired by Blackstone. His company had the idea of counseling people virtually before the pandemic and started by focusing on reducing veteran suicides. He is also the author of The Surpassing Life: Deep Personal Excellence.

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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.