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Editorial 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.

Take-Aways

  • Companies that see their shareholder value drop often hire new CEOs to oversee far-reaching transformation processes.
  • To come up with a sensible transformation plan that both shareholders and employees will embrace, new CEOs must get to know their companies thoroughly.
  • Successful transformations start with a series of decisive initiatives that generate positive, short-term results.

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.


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