article thumbnail

Management Lessons from One Hospital's Dramatic Turnaround

Strategy+Business

The dramatic turnaround engineered by Grossman -- from $120 million in annual losses to consistent profits -- offers important lessons for any manager seeking to overcome chronic underperformance, and lessons are also to be found in the rapid growth in its physician network, a top 10 ranking from U.S.

article thumbnail

How to Manage a More Experienced Direct Report

CaseInterview.com

That will increase their turnaround time for the work orders in their group by 70%. You don’t need to understand technology, law, accounting, or medicine to grasp the concept that for $200,000 you can buy a 70% faster turnaround time in the department in question. The entry-level engineer seeks to become a more advanced engineer.

Report 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

Podcast Transcriptions: How to Transcribe Your Audio [2024]

Buzzsprout

boost SEO so search engines like Google can find your content. The turnaround time for a human scribe is also longer, ranging from six hours to a full day. Podcast transcripts are a word-for-word manuscript of your podcast that has several benefits. The best podcast automatic transcription services are: Otter.ai Temi Rev Sonix.ai

How To 57
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.

article thumbnail

How Volvo Reinvented Itself Through Hiring

Harvard Business

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.” Between 2011 and 2015, the company added 3,000 new people in engineering and development.

Talent 28
article thumbnail

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.

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.