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The fastest of turnarounds

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in Best-Practices Leadership,Leaders & Managers

As an executive in a high-growth company, you’ve been trying to keep up with new orders and even add capacity.

Then your boss gets word that starting now, you’re losing your biggest customer and 30% of the sales you budgeted for the rest of the year. That means losing the cash to employ a third of your workers.

You and your team need to come up with a plan fast or the price will be paid not by you and other managers, but by the people who work for you.

Your choice: Do a layoff or keep faith with your people and convert the company at great speed and risk.

In the movie Chicken Run, Ginger leads the chickens and her vision is this: Nobody gets out until everybody gets out. It’s all for one and one for all.

Assemble your team. Review the most promising products or services you’ve kept in the hopper. Then pick three and, within strict deadlines, find out what works.

— Annette Licitra.

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