article thumbnail

Desperate Times Call for Effective Turnarounds

BCG

We refer to these as turnaround and restructuring efforts. Very often, management has tried a new strategy, or several, without success. (In At this point, the company starts burning through cash reserves and needs to launch a turnaround. . Sales numbers may be stable, or even growing, yet profitability has begun to decline.

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. With a change of pace and new strategies that I brought, they made significant gains in four months. These kinds of actions can swiftly turnaround a failing team. A few people were fired as a result.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Turnaround Tactics for a Failing Team

Rick Conlow

3 Turnaround Tactics for a Failing Team. The following six proven turnaround tactics come from my consulting practice. With a change of pace and new strategies that I brought, they made significant gains in four months. These kinds of actions can swiftly turnaround a failing team. A few people were fired as a result.

article thumbnail

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.

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

Why a Long-time Microsoft Exec Believes in Strategy First - Interview with Brad Chase

Strategic Planning and Management Insights

Brad was a part of several major project at Microsoft, including the complete turnaround of MSN.com, leading the marketing effort for Windows 2000, Windows 98 and Internet Explorer, as well as developing and executing the award winning marketing strategy for Windows 95. SME Strategy ·.

article thumbnail

A Bread and Butter Method for Identifying the Right Organizational Structure

Steve Shu Consulting

It is the concept of first identifying strategy and second aligning structure. 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.