Turnaround Time: Ways to Jump Out of a Slump
The steps needed for rapid performance improvement fall into the category of simple to conceive but not easy to do. Leaders of fast turnarounds first systematically diagnose the business’s current condition. This diagnosis, informed by the four fundamental laws of business discussed below, gives them a deep understanding of their point of departure. They next map out a realistic point of arrival, again using … [ Read more ]
Content: Article | Authors: Mark Gottfredson, Steve Schaubert | Source: Chief Executive | Subjects: Management, Strategy
12 Must-Have Facts to Diagnose Your Company
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, … [ Read more ]
Content: Article | Authors: Hernan Saenz, Mark Gottfredson, Steve Schaubert | Source: Bain & Company | Subject: Management
Rules For Rookie CEOs
What do newly appointed CEOs have in common? They all face two immediate challenges their first day on the job. First is diagnosing the state of business he or she is taking over and the second is assessing the people who have been running things up to that point. They are difficult chores and Bain experts know the rules. Do you?
Content: Article | Authors: Steve Schaubert, William Hayes | Source: Forbes | Subjects: Corporate Governance, Management