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Rip the band‐aid off quickly: Why “fast, focused, and simultaneous” works best in corporate transformations

Stan Pace (Stan Pace, based in Dallas, directs Bain & Company’s global change management practice.)

Strategy & Leadership

ISSN: 1087-8572

Article publication date: 1 February 2002

767

Abstract

Suggests that in transforming their companies CEOs and management teams often do not act extensively enough to reposition their businesses. States that companies should be prepared to implement programs that are fast, focused and simultaneous in order to create a better and long‐lasting shareholder value. Concludes that successful turnarounds require management to act rapidly, comprehensively and dramatically, which in turn will achieve speedier rewards.

Keywords

Citation

Pace, S. (2002), "Rip the band‐aid off quickly: Why “fast, focused, and simultaneous” works best in corporate transformations", Strategy & Leadership, Vol. 30 No. 1, pp. 4-9. https://doi.org/10.1108/10878570210414381

Publisher

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MCB UP Ltd

Copyright © 2002, MCB UP Limited

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