Summary of The Transformations That Work – and Why

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

The Transformations That Work – and Why summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Applicable
  • Well Structured

Recommendation

Many major companies have tried to shake things up by bringing in new CEOs. Often, shareholders push for a change in leadership when they see a company’s fortune decline due to industry disruptions and economic shifts. The Boston Consulting Group, which has worked with many companies undergoing transformations, performed a quantitative transformation analysis of major US companies and identified some of the best practices that make transformations successful. getAbstract believes that new CEOs working under intense pressure to future-proof their companies while delivering short-term results will find the group’s report highly valuable.

About the Authors

Hans-Paul Bürkner is chairman of the global management consulting firm The Boston Consulting Group where Lars Fæste, Jim Hemerling and Martin Reeves are senior partners and managing directors and Yulia Lyusina is a principal.

 

Summary

At any given moment, one-third of large US companies are struggling to reverse a significant, long-term decline in shareholder value. In a rapidly changing business environment, even well-performing companies can’t afford to wait until the going gets tough. The solution for reversing or preventing decline is far-reaching transformation, including changes in a company’s strategy, organization and culture. For this purpose, companies often bring in a new CEO, who faces the daunting task of refashioning the company while delivering short-term results that keep investors happy. If you are...


More on this topic

By the same authors

Want to Get Ahead? Be Paranoid
7
The Science of Change
9
A Leadership Agenda for the Next Decade
7
Advantage in Adversity
7
The Business Imperative of Diversity
8
Getting Uncomfortable on Purpose
8
Free Up Your Mind to Free Up Your Strategy
8
Your Strategy Needs a Strategy
7
The New Freelancers
9
Preemptive Transformation
8
Lessons from China’s Digital Battleground
9
Competing on the Rate of Learning
8
How Much Will a Trade War Hurt Your Company?
8
It’s Not a Digital Transformation Without a Digital Culture
7
Ideas, Emotions, and Innovation
7
Diversity at Work
8
5 Ways to Lead in an Era of Constant Change
7
How to Build a Business That Lasts 100 Years
8
A CEO's Guide to Navigating Brexit
8
The Self-Tuning Enterprise
8
The Biology of Corporate Survival
8
Sir Lawrence Freedman on the Evolution of Strategy
7
Coping with a Still-Fragile Global Finance System
7
There's No Such Thing as Corporate DNA
6

Customers who read this summary also read

How to Build a Digital Transformation Roadmap
8
Taking Agile Transformations Beyond the Tipping Point
7
The Next Frontier in Digital and AI Transformations
7
Building Digital-Ready Culture in Traditional Organizations
8
How to Gain and Develop Digital Talent and Skills
8
How to Supercharge Your National Digital Transformation
8

Related Channels

Comment on this summary