Ep. 017: The Gritty Reality of Corporate Turnarounds: Lessons from a Corporate Fixer

Description

EVERYONE CAN NAME THE PROBLEM. FEW FIX IT FOR GOOD.Dr. Jake Tayler Jacobs pulls back the curtain on life as a corporate fixer, including why SIPS brought in someone from outside healthcare to see things differently. He shares a company that had gone through three CEOs in two years and was six months from bankruptcy, and how a town hall with frontline staff started a comeback that had it profitable 18 months later.IN THIS EPISODE• Six signs a turnaround is needed, from falling revenue and lost market share to a strategy that drifts• His five steps: diagnose, stop the bleeding, build the strategy, implement and monitor, build for the future• Why huddles are for adjustments, not celebrations, and why accountability only happens through transparency• Why fixing SPD without fixing the OR is only half a turnaroundKEY TAKEAWAYBe honest about the reality, make tough decisions quickly but not recklessly, and bring your people into the turnaround.━━━━━━━━━━━━Bred To Lead is powered by SIPS Healthcare Solutions.BredToLead.comSterileByDesign.comSIPSHealthcare.com