This is a checklist that has served me well as the front line leader of many organizational turnarounds .
- Must be the Leader and set the example for the organization
- Must re-shape the work environment and the organizational culture
- Must formulate concrete strategy and long-term objectives
- Must develop and execute annual operating plans
- Must establish and enforce standards of performance
- Must make tough decisions and address the real issues faced by the organization
- Must allocate resources to achieve your strategy
- Must teach and develop direct reports
- Must build an organizational identity
- Must take responsibility to execute the agenda
Whether or not your turnaround succeeds ultimately depends on employees embracing new strategies and tactics. And that won’t happen without a non-stop employee engagement campaign that requires your complete commitment and involvement. So, starting on Day 1 you have to communicate how you are going to operate and what it will be like to work in this new organization. Constant communication is really inseparable from the act of leadership itself.
You must also remember that while you are establishing a strong foundation for the future, you have to deliver some early wins to ensure that you are able to stick around for the long-term. Once you show a commitment to the organization and start breaking them from a habit of losing, your turnaround is well on its way to success.