When bad things happen to good companies, it’s important to understand what went wrong. After all, every organization, like every individual, makes mistakes from time to time. Unless the error is so horrendous that it forces a business to close its doors, the best thing the senior leadership team can do is to conduct a post mortem to understand why the mistake occurred. Then, changes can be made to reduce […]
A stable senior leadership team is usually good for an organization. When everyone in the C-suite has worked together for a number of years, executives get to know each other’s thinking patterns, management styles and areas of expertise. When a major issue arises, the CEO generally knows whom to appoint to a committee or task force to find a solution. But there can be a downside to a longtime leadership […]
During the recent “Great Recession,” many companies adopted a conservative operational strategy. Facing declining demand and slowing revenues, they looked inward: reducing operational costs, delaying capital investments and focusing on balance sheet management. In that challenging global environment, strong chief operating officers (COOs) and chief financial officers (CFOs) played leading roles in keeping their companies afloat. Now that economic growth has resumed, particularly in emerging markets, many companies are embarking […]
