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How Volvo Reinvented Itself Through Hiring

Harvard Business

But when some CEOs in this position look at the people they employ, they discover a problem: a swath of their existing team doesn’t have the necessary skills or metabolism for change to meet the new challenges. Volvo’s turnaround over the last decade offers a great example. “Once, you needed mechanical engineers.

Talent 28
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PARADE Method

CaseInterview.com

Did you just show up at the sales meeting? The servers we wanted had a two-week turnaround time. So to some extent there is a relative standard that you are trying to meet or exceed. The savvy interviewer will immediately ask, "I see. and what specifically was your role in this situation?" and to do it fast.

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Case Study: Can You Fix a Toxic Culture Without Firing People?

Harvard Business

Franklin was in the business of designing, engineering, and manufacturing climate control systems for cars and SUVs. Franklin had finally returned to profitability, but she and Cameron Koren, a turnaround specialist who’d been brought in as CEO five years earlier to right the ship, were still working hard to keep the business on track.

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

Harvard Business

He held them accountable for meeting sizable improvements, but he also supported the team during challenging periods. ” But Hall soon caught himself after realizing he was charging too hard, especially with OSI’s field service engineers — the people who fix the machines OSI sells. .”

Company 28
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How Companies Escape the Traps of the Past

Harvard Business

After the meeting, one colleague pointed to Peter’s decision as a key turning point: “Peter’s willingness to change his mind in public was huge progress for us in establishing a strong Box 2 culture.” ” What decisions could you make that set a Box 2 tone in your organization? .”

Company 28
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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. Stymied, we suggested that we observe the next executive team meeting. 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. Suddenly, all was clear.

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What to Do When You’re Returning to a Company You Used to Work For

Harvard Business

“If you’re entering a turnaround situation,” you need to be prepared to “inject new ideas” and make some tough decisions right away, Watkins says. ” Be positive. You don’t want to “imply that you’ve see it done better at other places and now you’re back to fix a mess.”

Company 35