Turnaround situations offer a great opportunity to lead.
I had one mentor whose tongue in cheek advice was, when considering taking a new job “always look for the one where the guy before you was an idiot.”
I get most excited when the situation is a big mess.
In such scenes there seems to be more political latitude to make dramatic change.
Rocking a sinking boat is more acceptable.
Even when things look broken on the outside, there is usually more going right than wrong.
The trick is to carefully assess the situation, and then pick the right things to change.
So you’ve been asked to turnaround something important. What do you do?
Here’s my thinking based on experience what would you add?
12 Turnaround Dos
- Start slow and ask a lot of questions
- Give the current team the benefit of the doubt
- Find your “A Players” and ask what they would do
- Talk with key stakeholders about what is working and what is not
- Create a clear and compelling vision and values
- Clearly articulate what will be different and what will remain the same
- Understand the current “brand” of the team or organization and where it came from
- Clearly define the skills needed for success
- Assess the will and skill of the current team, and get the right people in the right seats
- Recruit for missing skill sets
- Identify the key behaviors for success
- Consider re-branding the organization or project with a new name and/or logo (make sure something is really different before you do this)
Bonus: Turnaround Don’ts
- Talk poorly about previous leadership or strategy
- Assume everything needs to change
- Assume your current team can’t be effective
- Change everything
- Assume you know what is best
- Be afraid to make some bold changes
- Become frustrated change takes time
- Start claiming victory too soon
Every situation and every organization is different. I would love to hear what you’ve learned along the way.