It is very difficult to pull off a turnaround. This is because you typically start with a company that is unprofitable and lacking the resources to compete. You have employees who are still on the job only because they haven’t been able to find another one, and you’re selling products that few want to buy. To successfully execute a turnaround, you need heroic employees who are willing to step up despite the problems and stay loyal despite the corporate trauma that surrounds them. Luckily, HP caught itself before it dropped into unprofitability.
"If HP's turnaround succeeds, it will largely be due to their efforts."
Really Rob?
Insulting to HP's front line I would think. Without a front line willing and capable of doing what it takes to win, the generals would certainly lose the war.
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The Employee Heroes at HP: Making an Impossible Turnaround
Posted by: Rob Enderle March 11, 2013 05:00 AMIt is very difficult to pull off a turnaround. This is because you typically start with a company that is unprofitable and lacking the resources to compete. You have employees who are still on the job only because they haven’t been able to find another one, and you’re selling products that few want to buy. To successfully execute a turnaround, you need heroic employees who are willing to step up despite the problems and stay loyal despite the corporate trauma that surrounds them. Luckily, HP caught itself before it dropped into unprofitability.
Really Rob?
Insulting to HP's front line I would think. Without a front line willing and capable of doing what it takes to win, the generals would certainly lose the war.