How Transformative CEOs Lead in a Crisis
Because most organizations have already launched short-term measures to respond to COVID-19, the challenge now is to build on that progress. Five leadership traits will be crucial.
Because most organizations have already launched short-term measures to respond to COVID-19, the challenge now is to build on that progress. Five leadership traits will be crucial.
To address disruption from COVID-19, companies need to reimagine their business models with transformation that both sustainably accelerates growth and generates shareholder value.
Many companies were lucky to survive the global financial crisis, but some seized the opportunity to make needed changes. Here are lessons from the top performers.
Companies’ transformation track records are mixed. Top performers unlock value quickly by focusing on changes that will improve profit margins and valuation multiples.
Seven evidence-based factors can boost your chances for a successful transformation.
What does data say about transformation success factors? Despite the high stakes of business transformations, many leadership teams rely on anecdotal, rather than empirical evidence.
It's never too early to transform. Preemptive transformations generate higher returns than reactive ones do, but they require a mindset of urgency, exploration, and flexibility.
Creating value from underperforming acquisitions is challenging. Buyers should keep these six critical factors in mind.
Three-quarters of all large-scale transformations fail to deliver the planned results. BCG’s Christian Gruß explains how transformation programs can both deliver rapid impact and enable the organization to sustain the impact.
Using a centrally managed program orchestrated across three phases, BCG TURN delivers rapid and sustained cost impact to clients. BCG Managing Director & Partner Mikko Tynkkynen explains how growth-minded cost transformation that links revenue and cost can create significant value.
BCG Managing Director & Partner Ib Löfgrén defines the concept of full-potential PMI—a powerful way to help clients deliver value by creating a platform for future growth—and shows how BCG is supporting clients beyond typical benchmarks for traditional PMIs.
The pandemic is forcing companies to be more sure-footed in their change efforts. Here are insights from those that have succeeded.
Half the battle in transformations is overcoming mental roadblocks to change in the organization. Here’s what leaders can learn from behavioral science to improve the odds of success.
Change is hard, but readiness is all. Companies prepared to manage the leader, people, and program journeys can double their chances of success.
In the heat of the pandemic, leaders instinctively made people their priority. As they move forward to transform, how do companies keep employees front and center?
Like a CTO, the leader of an alpine climb must marshal all of his or her skills in program design, motivation, and contingency planning to tip the odds toward success.
The odds are stacked against leaders who manage major organizational changes. But those who model the behaviors they seek and are persistent, hypervigilant, and flexible can improve their chances of success.
Great Chief Transformation Officers Matter More Than Ever
Failed transformations come with a high price tag—including shrinking profit margins, lost market share, and diminished competitive advantage. In an attempt to avoid these woes, organizations often designate a company executive in charge of transformation. But as with transformations themselves, many such transformation officers struggle to succeed.
When one of the world’s biggest steel companies ran into a crisis, it successfully launched a major change initiative—and integrated the ability to change into its DNA.
The Sixt Group’s head of strategy offers lessons from the 2008 crisis for businesses suffering in today’s COVID-19 slowdown.
The brewing company’s president and CEO discusses its recent transformation—what spurred it, details of the implementation, and early results.
Lars Feldskou, Group CPO for Danish Crown, talks about his collaboration with BCG on a transformation to make Danish Crown work as one company.
HSH Nordbank´s CEO, Stefan Ermisch, discusses one of the greatest turnarounds in the history of German banking.