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. Article Friday, November 11, 2016.

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. Command-and-control systems work best when operations are stable and predictable, commanders have greater knowledge of operating conditions and potential solutions than their subordinates do, centralized decision makers can effectively handle peak decision volumes, and sticking to standard operating procedures is more important than adapting to change.

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. Turnaround times might be much longer. The concept of first setting strategy and then finding organizational structure and operational processes to match the strategy generalizes to many other situations.

The Perils of Internal Disruption (Part 2)

Markovitz Consulting

But when it comes to internal operations at least, disruption is often both bad for business and for employees, because it causes unevenness in work. Last week , I wrote about how the unpredictability of “management by walking around” disrupts daily operations in an organization and leads to mura (unevenness), muri (overburden), and muda (waste). With more level demand, the warranty department was able to keep its turnaround time to under a week, even during the peak summer season.

4 Types of Consulting Firms

Tom Spencer

Service areas – or functional areas – can include strategy, operations, technology, human resources, mergers and acquisitions, among others. Some of the most notable specialisations include healthcare, IT or tech, and turnaround consulting.

Improving Airlines’ On-Time Performance

BCG

Shaving one minute off the time each aircraft is on the ground between flights can save $5 million to $10 million a year in freed aircraft time and hidden costs across the operation. No other aspect of an airline’s operations has as broad or as deep an impact on the entire organization.

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. Among these are turnaround teams, the role of Chief Restructuring Officer (CRO) and incentive-based success fees.

All Hail Medium-Term Planning

Harvard Business

Now a global giant in the drinks business, just 25 years ago, its precursor, Brahma, was a second-tier Brazilian brewer undergoing a painful turnaround in the hands of acquirer 3G, a São Paulo–based private equity house. Strategic planning Operations Digital Article

Reflecting on David Garvin’s Imprint on Management

Harvard Business

I’ll fast-forward through the next decade, when Garvin, trained in operations, helped to answer the question much of America was obsessed with at the time: How Japanese automakers could make higher-quality, more-reliable cars than Americans, while charging less for them. However, they build a good case that by treating a turnaround as a political campaign, one in which you must persuade disparate parties to join you, you’re starting in the right place.

Executives on Demand: What are part-time CEOs and why does every business need one?

SkillQuo

For example, your SMB may handle many of your company’s finances independently and a part-time or on demand CFO could step in and assist you in your financial plans, operations, and processing, implement new solutions and strategies and help you provide for the future.

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Business Buy-Sell and the Business’s Status – #3

Martinka Consulting

I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” Systems in place that increase productivity and can be implemented by numerous people (no dependency on one tech person, one machine operator, etc.). Speaking of dependencies, the day-to-day operations are not dependent on the owner. To continue from the last two posts, here are my comments on situation number three. Losing money.

Sample Consulting Case Questions

Tom Spencer

Operations. A leading financial services company is trying to reduce operating expenditures. Turnarounds. Assuming RadioShack averts bankruptcy and achieves a successful refinancing, what should the strategy be to turnaround and save this iconic company? (Source: Flickr ).

The consulting case study: What you need to know

freshminds

Here are some examples of different approaches across industries; Management Consulting : tend to use “operational” type case studies (more details below). Operational Cases: Operations Case, Increasing Sales, Reducing Costs, Improving the Bottom Line, Turnarounds.

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. Operational and financial improvements are rapid, dramatic, and lasting. I’ve been struggling to resolve two conflicting facts: Science has shown that incremental change is both easier for people and more sustainable than dramatic change.

Student Consulting – Does it deliver?

Tom Spencer

This may include discrete projects completed at arms length, such as due diligence on a transaction, or turnaround projects where consultants are embedded within an organisation. Those with student consulting experience who did receive offers generally were involved in managing larger student consulting organisations – that is to say, they had proven experience embedded in and operating an organisation, rather than consulting to one.

The Consulting Value Proposition

Tom Spencer

Turnarounds. In an apparent attempt to stop McKinsey poaching key talent, AlixPartners sued its former employees (Eric Thompson, managing director of AlixPartners’ Hong Kong office, and Ivo Naumann, head of its Shanghai branch) on claims that they misappropriated trade secrets before they left the firm’s Asian operations. A firm may find this appealing because implementation may be a dedicated project unrelated to the firm’s ongoing operations.

Best Practices Survey

Women in Consulting

Over the years, it’s offered interesting insights into the evolution of Bay Area consulting businesses, such as billing trends and rates, consulting expertise and specialties, structure and operations. Whether your business continues to expand, has experienced a slowdown or turnaround, or is consistent with last year, we want to hear about your experiences. By: Jen Berkley Jackson. It’s back and we want to hear from you.

Consultant Ninja: Finally, two counter-cyclical markets: Management.

Consultant Ninja

The other sector Im long on is turnaround consulting: 10-13-08. Alvarez & Marsals Bryan Marsal, Lehmans restructuring officer, ``is actually operating the company. skip to main | skip to sidebar. Consultant Ninja. Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, November 11, 2008. Finally, two counter-cyclical markets.

How does your consulting business stack up? Take our 16th Annual WIC Best Practices Survey (open March 14-April 7) and find out.

Women in Consulting

Over the years, it’s offered useful insights into the evolution of Bay Area consulting businesses, such as billing and marketing tool trends, consulting expertise and specialties, structure and operations.

List of strategy consulting firms in Hong Kong

Tom Spencer

Established in 1989, Accenture operates in more than 120 countries worldwide. Founded in 1983, A&M operates in 38 cities worldwide. Applied Value offers strategy, finance, and operations management services. Kearney operates across 55 locations world wide. About.

FTI Consulting Interviews and Culture

Management Consulted

FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. They did much of the work piecing together Mr. Madoff’s money trail and just recently flew over to Puerto Rico for the Puerto Rico Government, who hired FTI to improve operations of utilities and highway units (2014). Restructuring/Turnaround Services. Honored with Seven M&A Advisor Turnaround Awards.

List of strategy consulting firms in London

Tom Spencer

A&M specialises in turnaround and interim management, performance management and business advisory services. ADL is a global management consultancy specialising in strategy and operations management, serving major corporations and organisations worldwide. About. Book Shop. Archive.

Getting Old, Getting Stagnant, and That’s Trouble

Martinka Consulting

When the son took over the business they shed operations that were half of their sales and staff. Once stagnation hits it may not be a turnaround but it sure is a fixer-upper, and that is something all sellers need to avoid. The July 29, 2015 edition of the Wall Street Journal featured an article titled, “The Cost of Germany’s Graying Managers.”

Management Consulting versus Investment Banking

Management Consulted

3) Business knowledge – typically broad exposure across different topics like strategy, operations, organization and several areas where you’ll have expertise.

Seabury Group Interviews and Culture

Management Consulted

Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operational turnaround. SEABURY GROUP CONSULTING. Welcome back to our Firm Profiles. Today, we’re going to be looking at the consulting arm of aviation specialists Seabury Group.

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Your Organization Wastes Time. Here’s How to Fix It.

Harvard Business

Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. redesign the operating model. These proliferating operations lead to complexity, which contributes to drag as well as costs that rob resources from better and potentially more-profitable ideas.

Digital Growth Depends More on Business Models than Technology

Harvard Business

Key Processes are the operational and managerial capabilities that allow a company to deliver value in a way that can be repeated and scaled. For an example of digitally-enabled business model transformation, consider Domino’s Pizza, which has experienced a massive turnaround since 2010.

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

Harvard Business

She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. We’re still not where we need to be operationally and financially, and maybe that’s because we have too many people holding us back.

Is It Too Late for Sears to Save Itself?

Harvard Business

Sears Holdings has indicated that “substantial doubt” exists about its ability to continue operations. Analysts say that Sears may still have time to stage a turnaround. Alan Mulally led the turnaround at Ford by restoring a “One Ford” mentality throughout his company and championing pride in the Ford name. don’t acquire another retailer and operate it separately) and to create more value for its core customers.

Leaders Who Get Change Right Know How to Listen

Harvard Business

What she learned informed her strategy for the turnaround, which she then communicated through a series of town halls, roundtables, and memos. ” And she restored the company’s profitability — the turnaround was a success. Organizational change comes at a cost. It requires people to sacrifice something they value, whether it’s time, money, responsibilities, control, status, comfort, or relationships.

How to Turn Around a Failing School

Harvard Business

Operated in regions with different levels of competition and access to resources. We could analyze the effects of 58 types of investment, on 18 performance measures over time, in 160 academies operating in 18 different regions.

Organizations Can’t Change If Leaders Can’t Change with Them

Harvard Business

When we dig into the roots of a leader’s unproductive behavior, we look for what we call the “operative narrative ,” the “tape” playing at an unconscious level that’s driving unwanted behavior. And that starts with identifying and “re-scripting” those operative narratives that might provoke unproductive behavior. When it comes to organizational change, failure continues to be more common than success.

Private Equity’s New Phase

Harvard Business

These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. Though autonomous, they can improve their operating capabilities and speed up their time to reinvention by learning from each other.

In the Best Sales Teams, About Half of the People Are in Support Roles

Harvard Business

This includes all non-quota-carrying roles in the organization: customer-facing support, sales operations and administration, and sales management. We found that the levels of operations and administrative support are what matters most.

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The Decline of Yahoo in Its Own Words

Harvard Business

On Google’s earnings call for the first quarter of 2006 – more than a year before the iPhone was released and more than two years before the release of the first Android-operated smartphone – CEO Eric Schmidt went out of his way to talk about mobile.

The Element of Surprise Is a Bad Strategy for a Trade War

Harvard Business

A short turnaround between product announcement and tariffs means countervailing political forces have little time to mobilize. It means businesses operating in the United States have much less time to mitigate the tariffs’ negative impacts. anucha sirivisansuwan/Getty Images. On the campaign trail, presidential candidate Donald Trump often slammed American leaders for publicly telegraphing their ISIS strategy. “Whatever happened to the element of surprise, OK?

The First Step to Fixing U.S. Manufacturing

Harvard Business

Similar inefficiencies affect other industries as well, and they are likely to multiply as manufacturers seek to expand product portfolios and reduce turnaround times. manufacturing depends in no small part on whether its largest firms help to breathe new life into the broader ecosystem in which they operate. kevin phillips/Getty Images.