Tag Archives: Turnaround

The time has come to liquidate your company. How can you start over?

John Collard

When all attempts to save the business have failed, strongly consider liquidating the company — either as a method to withdraw or as a catalyst to help you start over. Most business owners with a large debt burden choose bankruptcy over a workout because it is easier, but a workout might be your best option based on your situation and desired course of action after liquidation.

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Show them the money: A case for incentive-based management

John Collard

Business owners willing to invest in realistic incentives that reward employee achievements are likely to reap the proceeds. The key to success is to set realistic goals and time frames, hold managers accountable for performance, and communicate measurement and reward methodology — then step back and let them perform.

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How PBS remains fearless in an era of rapid change in the digital media landscape

PBS

President and CEO Paula Kerger has established PBS as a critically acclaimed player in the digital media space, expanded the broadcaster’s service to educators and children, leveraged social media to facilitate thoughtful debates about some of America’s deepest problems, improved relationships and heightened collaboration with member stations, and tapped new sources of funding and resources.

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How Patricia Husic and her high-performing team managed a turnaround

Taking the helm of a newly rebranded bank, Patricia Husic was facing a profound challenge and shouldering a heavy personal risk. A long-time executive with Pennsylvania community banks, Husic had been hired to strengthen the struggling Vartan National Bank in Central Pennsylvania. However, after the bank’s sole owner passed away, his family decided to sell.

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How did the Cubs do it? Business lessons from the turnaround of the century

Cubs

This week, the Chicago Cubs are playing their first World Series since 1945, in the hopes of winning the championship for the first time since 1908. Chicago’s lovable losers have finally given their rabid fan base a reason to celebrate after decades of failures. What’s more, they’ve done it by investing in a strong bench of talent and a winning culture.

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How Pep Boys pulled off a legendary turnaround

Over the past three years, Mike Odell has proven himself to be precisely the kind of leader Pep Boys needs today, as it goes about the slow and sometimes painstaking work of fundamentally changing the way it serves a radically changed American automotive marketplace.

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