Rip the band‐aid off quickly

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

Strategy & Leadership

ISSN: 1087-8572

Publication date: 1 February 2002


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.



Stan Pace (2002) "Rip the band‐aid off quickly", Strategy & Leadership, Vol. 30 No. 1, pp. 4-9

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Copyright © 2002, MCB UP Limited

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