ORGS 4350 Lecture Notes - Lecture 5: Revamp, Always Greener, Analysis Paralysis

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Most turnaround leaders revamp strategy, shift around staff and root out inefficiencies. Exceptional communication to cite company achievements and confirm the dilemma/crisis. Need to address steps to be taken and ensure there is an open management style. Need this so staff cannot claim ignorance. Need to provide details about the plan and emphasize tough measures required based. Present the plan in a way that helps people interpret the ideas correctly on any reports. Be optimistic and realistic; keeps employees focused on your plan"s execution. Acknowledge the pain of layoffs and other negative consequences. Issue program updates and praise the staff during times when financial performance increases. Establish meeting rules where people an openly state their objections to decisions by disagree without being disagreeable. Need to shut down old behaviours that do not align with the new vision. Generally managers change the people, pay and processes: shift around staff, realign incentives and root out inefficiencies.

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