article thumbnail

How to Manage a More Experienced Direct Report

CaseInterview.com

Develop the tactical approach (a.k.a. Good leaders can be effective by developing a conceptual understanding of a topic without necessarily developing deeper expertise in a functional area than a direct report. That will increase their turnaround time for the work orders in their group by 70%. Why is X important?

Report 105
article thumbnail

Saving RadioShack

Tom Spencer

When the business landscape changes, how can you turnaround a failing company? Assuming this leads to successful refinancing, what should the strategy be to turnaround and save this iconic company? When faced with a broad turnaround question, it is important to ask a variety of questions to determine the source of the problem.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Volvo Reinvented Itself Through Hiring

Harvard Business

Developing what we call an “M&A strategy for talent” is one way to overcome this. Volvo’s turnaround over the last decade offers a great example. “Once, you needed mechanical engineers. Today, there’s a greater need for software engineers because cars are computers more than anything else.”

Talent 28
article thumbnail

The consulting case study: What you need to know

freshminds

Consider how they make money, do they follow an “operational improvement” model (a more strategic approach) or do they follow a “financial engineering” model (an investment banking approach). Operational Cases: Operations Case, Increasing Sales, Reducing Costs, Improving the Bottom Line, Turnarounds.

article thumbnail

4 Signs an Executive Isn’t Ready for Coaching

Harvard Business

One CEO we worked with was known for his smart turnarounds of a large media company. A brilliant engineer we know had been promoted three times in four years, and by the time he was nearly 30 he was a group president at a U.S. Only then can a coach help them challenge self-limiting beliefs that block their development.

article thumbnail

The Mistakes PE Firms Make When They Pick CEOs for Portfolio Companies

Harvard Business

Selectively developing top team members to accomplish the strategy. Not seeking CEOs who value talent development. Because of the short timeframe in which they hold their portfolio companies (typically five to seven years), investors may view executive development as a luxury. Too many CEOs fall short of these skills.

Company 28
article thumbnail

How Agile Teams Can Help Turnarounds Succeed

Harvard Business

Agile — the management approach that relies on small, entrepreneurial, close-to-the-customer teams — has a reputation that reflects its rapid adoption in software development. It is most definitely not for big, old-line companies that are facing an existential crisis and require a full-scale turnaround.