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Tag Archives: Business Turnarounds
Building Accountability
A dirty little secret in business is that most organizations lack accountability at all levels from the leader to front-line management to individual employees: Assignments are not completed as promised Problems are left half resolved Phone calls are not returned … Continue reading
Instilling Passion Back Into Our Businesses
For many companies, the last few years have been a long, hard slog for the leaders and employees alike. Raises and bonuses have been minimal. It is more difficult to make good profits and win. Anxiety is high as there … Continue reading
Data Analytics 101
Data Analytics…Big Data…Sabermetrics With the success of the book and movie, Moneyball, a few success stories in the retail world (Amazon and Wal-Mart), and a lot of hype from the consulting and technology industry, data analytics has become a buzzword … Continue reading
The Goal – Operational Excellence Made Possible
In their book, The Goal: A Process of Ongoing Improvement, Eliyahu M. Goldratt and Jeff Cox introduced their Theory of Constraints as a primary method to realize operational improvement. Key Concepts Global Optimization: The key in any process and any … Continue reading
Master These Three Processes First in Order to Thrive in 2013
Every year, countless companies undertake process improvements and change initiatives. Most fail. Generally, they fail for one of three reasons:
We Need Less Leadership!
In her thought-provoking book, The End of Leadership, Barbara Kellerman writes: One of the problems plaguing the leadership industry is its fixation on developing good leaders, while ignoring completely the problem of stopping or at least slowing bad leaders. Stopping … Continue reading
Fast Track to Waste-Free Manufacturing – Appropriate for Any Process
In his still-insightful 1999 book, Fast Track to Waste-Free Manufacturing: Straight Talk from a Plant Manager, John W. Davis discusses how to improve a manufacturing operation by a simple and relentless focus on waste. The methodology he describes is really … Continue reading
Who Says Elephants Can’t Dance – An Inside View of a Successful Turnaround and Culture Change
In Who Says Elephants Can’t Dance? – Leading a Great Enterprise Through Dramatic Change, former IBM CEO, Lou Gerstner, gives a first-hand account of how he led the turnaround of IBM in the 1990’s. I recommend the book for businesspeople … Continue reading
The McKinsey Way – A Strong Primer on Problem Solving
Way back in 1999, Ethan M. Rasiel (full disclosure: a business school colleague of mine) penned The McKinsey Way: Using the Techniques of the World’s Top Strategic Consultants to Help You and Your Business. In the book, Rasiel reveals the … Continue reading
Move Your Company Forward in 2012
Welcome to 2012! I remain confident that this will be the year that your company once again begins to soar. To help you with that I offer up six suggestions on how you can make a substantive change in your … Continue reading
Business Turnaround 301 – Right People Doing the Right Job
In discussing business turnarounds, we have seen that the three fundamentals to turn a troubled business around are as follows: Understand Reality, Face Reality Focus, Prioritize, Plan (Less is More) Right People Doing the Right Job Today, we turn our … Continue reading
The New Leader’s 100 Day Action Plan
In their book, The New Leader’s 100 Day Action Plan: How to Take Charge, Build Your Team, and Get Immediate Results, George B. Bradt, Jayme A. Check and Jorge E. Pedraza discuss leadership transitions and on-boarding. Executive Summary High performance … Continue reading
9 Keys to Driving Cultural Change
After years of little growth, command and control management, and cost-cutting, the cultures of many organizations need rejuvenating and tweaking in order to thrive in today’s difficult and increasingly competitive business environment. But, changing culture is difficult. As Lou Gerstner, … Continue reading
Four Reasons Why Leaders Don’t Take Action
The external environment is changing; we are living in the “New Normal”. The business is falling behind and weakening. Yet, nothing happens. No change takes place. Critical issues are not addressed. The leadership continues to do what it has always … Continue reading
Three Hidden Truths about Change – Guest Blog by Howard Perlstein
For 14 years I have been a corporate trouble shooter, the one brought in to figure out what is broken, to tell people what is wrong, to clean up a mess, to get people through gut-wrenching change. My job does … Continue reading
Posted in Improve / Turnaround, Leadership
Tagged Business Transformation, Business Turnarounds, Change, Do the Right Thing, Integrity
6 Comments
La Femme Nikita and Business Strategy
Recently, I watched an episode of Nikita, a spy v. spy television drama. In the episode, Nikita is approached by the leader of the evil terrorist syndicate, Gogol, who suggests that they team up to defeat Division, their common enemy. … Continue reading
Posted in Growth and Strategy, Perform / Execution
Tagged Business Development, Business Turnarounds, Growth, Strategy
1 Comment
Three Ways Companies Bungle Change Initiatives
Recent consulting studies have re-confirmed that most performance improvement programs fail to achieve their stated goals and improve the business. These change initiatives are worse than “much ado about nothing”, as they divert attention and resources away from more critical … Continue reading
8 Steps to Satisfy Your Current Customers and Re-Charge Growth
In a previous blog, Things to Start Doing Today to Re-charge Growth, I described the first stage in re-charging growth: The business leader needs to … Get personally involved in sales, marketing and customer service on a daily basis Talk … Continue reading
Quotes on Change
In some upcoming blogs, I will be discussing change and how to significantly change and improve your business. The three keys for change are the following: Understand Reality, Face Reality Focus, Prioritize, Plan (Less is More) Right People Doing the … Continue reading
David M. Shedd - Move Your Company Forward 