BLUF

When productivity of an organisiation is flagging, the culture must dramatically change, and an effective way of doing this is to change the people

Summary

KEY POINTS:
  1. The new CEO of Levi turned around the faltering business model by firing the majority of its executives.
  2. He kept the talented people and promoted them.
  3. While firing people is difficult, his advice is to move people out quickly.
READ: How to turn around a business through a high impact firing strategy

References