The pressure to perform is familiar to most CEOs these days. Fully 40 percent of new CEOs last less than two years. Leaders of fast turnarounds start by systematically determining the business’s current condition. That diagnosis, typically guided by four fundamental laws of business, enables them to gain a deep understanding of the point of departure. They next map out a realistic point of arrival, using the same four laws. Finally, they craft a few vital initiatives that will get them where they need to go.
Authors: Hernan Saenz, Mark Gottfredson, Steve Schaubert
Source: Bain & Company