Designing and Executing Corporate Revitalization
- Dates: TBD
- Format: In-Person Learning takes place on the HBS campus or a designated location.
- Location: HBS Campus
- Fee: TBD
"We explore the complementary perspectives you need to consider if you are going to be successful in turning the ship."
"We explore the complementary perspectives you need to consider if you are going to be successful in turning the ship."
One quote from the program really stuck with me: "Fix the core, then go for more."
One quote from the program really stuck with me: "Fix the core, then go for more."
Summary
Given today's turbulent environment, business leaders are seeking a new path to success for their companies. But while many firms talk about transforming themselves around current trends such as digitization and remote work, most struggle when it comes to actually executing a transformation.
If your company is at an inflection point, how do you proceed? Will your business be held back by old ways of thinking or is it willing to embrace new frontiers? Will your company be static and hesitant in the face of a changing environment or is it agile and willing to transform?
In this program, you will explore the multiple dimensions of corporate revitalization, including strategy, finance, organization, culture, and the leader's role. Whether your company seeks to maximize and fulfill its potential or requires radical intervention, you will develop and strengthen your ability to address major corporate challenges proactively, make the right strategic moves, and lead a revitalization effort that establishes a firm foundation for growth.
This program is eligible for the Certificate of Management Excellence. Learn More
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Summary
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Given today's turbulent environment, business leaders are seeking a new path to success for their companies. But while many firms talk about transforming themselves around current trends such as digitization and remote work, most struggle when it comes to actually executing a transformation.
If your company is at an inflection point, how do you proceed? Will your business be held back by old ways of thinking or is it willing to embrace new frontiers? Will your company be static and hesitant in the face of a changing environment or is it agile and willing to transform?
In this program, you will explore the multiple dimensions of corporate revitalization, including strategy, finance, organization, culture, and the leader's role. Whether your company seeks to maximize and fulfill its potential or requires radical intervention, you will develop and strengthen your ability to address major corporate challenges proactively, make the right strategic moves, and lead a revitalization effort that establishes a firm foundation for growth.
This program is eligible for the Certificate of Management Excellence. Learn More
DetailsExpand AllCollapse All
Set a new strategic direction for your organizationSet a new strategic direction for your organization
- Determine root causes of challenges
- Identify new opportunities
- Proactively evaluate the range of strategic options and choose the best path
- Implement your chosen strategy
- Know when and how to take advantage of financial restructuring and private equity
Overcome inertia and pivot the organizationOvercome inertia and pivot the organization
- Create plans for addressing current and prospective obstacles
- Infuse the organization with a sense of purpose
- Leverage the company's culture to support your strategy and boost agility
- Lead your executive team and workforce through challenging and uncertain times
- Strengthen the leadership skills necessary to spearhead corporate revitalization
Expand your personal and professional networkExpand your personal and professional network
- Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries around the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Set a new strategic direction for your organization
- Determine root causes of challenges
- Identify new opportunities
- Proactively evaluate the range of strategic options and choose the best path
- Implement your chosen strategy
- Know when and how to take advantage of financial restructuring and private equity
Overcome inertia and pivot the organization
- Create plans for addressing current and prospective obstacles
- Infuse the organization with a sense of purpose
- Leverage the company's culture to support your strategy and boost agility
- Lead your executive team and workforce through challenging and uncertain times
- Strengthen the leadership skills necessary to spearhead corporate revitalization
Expand your personal and professional network
- Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries around the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Who Should Attend
- Senior corporate executives from companies of any size in any industry or country who have significant strategic decision-making responsibility, including CEOs, CFOs, other C-suite executives, division heads, business unit heads, and leaders/senior contributors on strategy teams, as well as general counsels or board members who provide strategic input
- Partners in private equity firms that specialize in corporate revitalization
- Senior strategy consultants who advise companies on strategic options, turnarounds, and corporate transformations
- Senior leaders in financial services firms, law firms, investment banks, strategic communication firms, or other professional service organizations that work with clients on major corporate transformations
This program welcomes individuals or teams. Attendance by multiple members of your leadership team will foster collaboration and amplify the program's impact.
Program for Leadership Development participants earn 5 PLDA Points on completion of this program.
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Who Should Attend
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- Senior corporate executives from companies of any size in any industry or country who have significant strategic decision-making responsibility, including CEOs, CFOs, other C-suite executives, division heads, business unit heads, and leaders/senior contributors on strategy teams, as well as general counsels or board members who provide strategic input
- Partners in private equity firms that specialize in corporate revitalization
- Senior strategy consultants who advise companies on strategic options, turnarounds, and corporate transformations
- Senior leaders in financial services firms, law firms, investment banks, strategic communication firms, or other professional service organizations that work with clients on major corporate transformations
This program welcomes individuals or teams. Attendance by multiple members of your leadership team will foster collaboration and amplify the program's impact.
Program for Leadership Development participants earn 5 PLDA Points on completion of this program.
Dive Deeper into the Experience
Thrive in a learning environment that welcomes diverse ideas and perspectives.
Global perspectives > Leadership growth > Organizational impact.
See how exchange with faculty and peers yields new insights into critical business trends.
Learning and Living at HBS
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
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Learning and Living at HBS
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When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
Admissions Criteria and Process
Answering Your Questions
Application Submission
Application Review
Fee, Payment, and Cancellations
Answering Your Questions
Application Submission
Application Review
Fee, Payment, and Cancellations
What You Will Learn
Through case studies, faculty presentations, small-group discussions, individual and group exercises, guest speakers (including some case protagonists), and panel discussions, you and your peers will explore how to assess challenges in today's business landscape, evaluate potential strategies, develop an approach to corporate transformation, apply financial levers appropriately, and execute the transformation. In the process, you will explore the leader's role in a revitalization context and how you can lead your company through a major transition.
Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.
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What You Will Learn
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Through case studies, faculty presentations, small-group discussions, individual and group exercises, guest speakers (including some case protagonists), and panel discussions, you and your peers will explore how to assess challenges in today's business landscape, evaluate potential strategies, develop an approach to corporate transformation, apply financial levers appropriately, and execute the transformation. In the process, you will explore the leader's role in a revitalization context and how you can lead your company through a major transition.
Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.
Key TopicsExpand AllCollapse All
Stages in the lifecycle of a turnaroundStages in the lifecycle of a turnaround
- Triage: Assessing severity of the situation—in the present and potentially in the future
- Crisis Management: Stopping negative cash flow and erosion of morale and talent
- Stabilizing the Situation: Building a stable management team that can lead growth and profitability
- Planning the Future: Developing strategy, structure, and systems focused on the company's long-term success
Strategy: Defining a new directionStrategy: Defining a new direction
- Diagnosing challenges proactively, even if your company is doing all right—for now
- Seeking new opportunities to create value
- Outlining strategic options
- Choosing the best direction to follow
- Prioritizing activities
- Implementing strategy—for the short term and for the long term
Financial revitalizationFinancial revitalization
- Managing cash flow
- Deciding whether to retain or divest assets
- Reevaluating decision rights and control rights
- Revitalizing the corporations through private equity
- Knowing whether (and how) to choose bankruptcy as a path to revitalization
Organization and cultureOrganization and culture
- Streamlining the organization, simplifying structure, and redesigning core processes
- Retaining key talent and sustaining morale
- Evaluating organizational culture, values, and purpose—and making essential changes
- Defining and evolving the organization and culture to enable success
Leadership in times of transitionLeadership in times of transition
- Embracing the leader's role as strategist, organization builder, and principal change agent in revitalization efforts
- Developing the skills and abilities essential for leading corporate revitalization
- Sustaining an effective leadership team under tough conditions
- Managing performance throughout the transition
Stages in the lifecycle of a turnaround
- Triage: Assessing severity of the situation—in the present and potentially in the future
- Crisis Management: Stopping negative cash flow and erosion of morale and talent
- Stabilizing the Situation: Building a stable management team that can lead growth and profitability
- Planning the Future: Developing strategy, structure, and systems focused on the company's long-term success
Strategy: Defining a new direction
- Diagnosing challenges proactively, even if your company is doing all right—for now
- Seeking new opportunities to create value
- Outlining strategic options
- Choosing the best direction to follow
- Prioritizing activities
- Implementing strategy—for the short term and for the long term
Financial revitalization
- Managing cash flow
- Deciding whether to retain or divest assets
- Reevaluating decision rights and control rights
- Revitalizing the corporations through private equity
- Knowing whether (and how) to choose bankruptcy as a path to revitalization
Organization and culture
- Streamlining the organization, simplifying structure, and redesigning core processes
- Retaining key talent and sustaining morale
- Evaluating organizational culture, values, and purpose—and making essential changes
- Defining and evolving the organization and culture to enable success
Leadership in times of transition
- Embracing the leader's role as strategist, organization builder, and principal change agent in revitalization efforts
- Developing the skills and abilities essential for leading corporate revitalization
- Sustaining an effective leadership team under tough conditions
- Managing performance throughout the transition
The HBS Advantage
Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.
Paul R. Lawrence MBA Class of 1942 Professor of Business Administration
Senior Lecturer of Business Administration and C. Roland Christensen Distinguished Management Educator
Baker Foundation Professor and Sarofim-Rock Professor of Business Administration, Emerita
Melvin Tukman Senior Lecturer of Business Administration
William Barclay Harding Professor of Business Administration
Senior Lecturer of Business Administration
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The HBS Advantage
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Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.
Faculty Cochairs
Paul R. Lawrence MBA Class of 1942 Professor of Business Administration
HBS Units:Organizational BehaviorEntrepreneurial ManagementSenior Lecturer of Business Administration and C. Roland Christensen Distinguished Management Educator
HBS Unit:StrategyFacultyBaker Foundation Professor and Sarofim-Rock Professor of Business Administration, Emerita
HBS Units:Entrepreneurial ManagementGeneral ManagementMelvin Tukman Senior Lecturer of Business Administration
HBS Unit:FinanceWilliam Barclay Harding Professor of Business Administration
HBS Unit:Technology and Operations ManagementSenior Lecturer of Business Administration
HBS Unit:General Management
Your Peers Expand Your Learning
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Your Peers Expand Your Learning
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Global PerspectiveExperience the world in your classroomGlobal PerspectiveExperience the world in your classroom11%Africa26%Asia Pacific17%Europe13%Latin America13%Middle East20%North America11%Africa26%Asia Pacific17%Europe13%Latin America13%Middle East20%North AmericaTop Industries RepresentedInsights from a range of industries ignite your thinking.Insights from a range of industries ignite your thinking.15%Financial11%Manufacturing7%Health Care7%Utilities / Telecom5%Communications5%Real Estate / Construction4%Consumer Products4%High TechnologyTop Industries RepresentedInsights from a range of industries ignite your thinking.15%Financial11%Manufacturing7%Health Care7%Utilities / Telecom5%Communications5%Real Estate / Construction4%Consumer Products4%High TechnologyExperienceExperienceYears WorkedYears WorkedExperienceYears WorkedLess than 10 yearsLess than 10 years10-14 years10-14 years15-19 years15-19 years20-24 years20-24 years25-29 years25-29 years30-34 years30-34 years35-39 years35-39 yearsLess than 10 yearsLess than 10 years10-14 years10-14 years15-19 years15-19 years20-24 years20-24 years25-29 years25-29 years30-34 years30-34 years35-39 years35-39 years
"We explore the complementary perspectives you need to consider if you are going to be successful in turning the ship."
"We explore the complementary perspectives you need to consider if you are going to be successful in turning the ship."
One quote from the program really stuck with me: "Fix the core, then go for more."
One quote from the program really stuck with me: "Fix the core, then go for more."