Business Strategy

28: How I Use Strategy to Turnaround Struggling Companies

November 08, 2023 Steve Coughran Season 1 Episode 28
Business Strategy
28: How I Use Strategy to Turnaround Struggling Companies
Show Notes

In the Business Strategy podcast, host Steve Coughran dives into the five crucial steps he takes to turn around struggling companies. With an informative and educational approach, Steve emphasizes the importance of measuring and benchmarking financial performance as the first step towards identifying areas of improvement. He then delves into defining the strategic problems and setting initiatives and a shared vision to guide the company towards success. Steve emphasizes the significance of creating a comprehensive go-forward plan and deploying resources effectively while building high-performing teams. Finally, he highlights the necessity of monitoring and measuring success to ensure continuous growth and progress. Through clear and concise language, supported by statistics and anecdotes, Steve engages his listeners and guides them towards implementing these steps for long-term value creation.

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