Project IV: Change Management – A turnaround Process
Starting point: The project was started with the clearly set target to realise a turnaround within two years.
Procedure: To summarize the process the following success factors have to be pointed out:
- high, clearly stated targets, which were taken over in the budget
- firm project organization and steering
- regular reports about the project status
- consequent persual of the defined tasks
- interdisciplinary teams well equipped with decision competence
- A-priority of the project in the company with full personal backing of the executive
- communication steering and culture change
Output: The output was well above the expectations and specified targets. After two years, at the end of the project, a significant turnover plus was booked.
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