Publications

05 Feb 2024
Podcast

What it Takes to Lead a Successful Turnaround in Health Care

As a veteran leader in the healthcare sector, José (Joe) E. Almeida, Chairman, President & CEO of Baxter, has made a lot of tough decisions. He led the successful turnaround of the Illinois-based multinational by calling on leadership lessons he gained from his family... View Details

26 Apr 2021
News

Hubert Joly Outlines Best Buy's Turnaround Strategy in New Book

06 Apr 2021
News

Day of 4 Million Vaccines Signals Sharp Turnaround for U.S.

02 Dec 2019
News

Best Buy’s Turnaround Began In 2012 And It's Still Going Strong

09 Mar 2018
News

Best Buy CEO Says Turnaround Done, Room to Compete with Amazon

May 2022
Case

Grupo Big Exit: Options for Advent and Walmart

By: Victoria Ivashina, Ruth Costas and Pedro Levindo

After conducting an impressive turnaround in Walmart’s subsidiary in Brazil, Private Equity firm Advent International has to decide how to exit this investment: through an IPO or selling the business to Carrefour. View Details

Keywords: Turnaround; Divestiture; Finance; Strategy; Private Equity; Brazil; Latin America

August 2021
Teaching Note

Etsy: Crafting a Turnaround to Save the Business and Its Soul

By: Ranjay Gulati and Bradley Turner

Teaching Note for HBS Case No. 821-092. View Details

04 Apr 2021
News

Behind The Scenes Of Best Buy’s Record-Setting Turnaround With Hubert Joly

20 Apr 2021
News

Former Best Buy CEO Hubert Joly Shares The Secret To Company Turnarounds

March 2014
Case

Transforming Tommy Hilfiger (A)

By: Raffaella Sadun, Hanoch Feit, Vaibhav Gujral and Gerard Zouein

At the end of 2005, Tommy Hilfiger is taken private by Apax Partners after years of disappointing performance and strategic impasse. Students are asked to evaluate alternative strategic options for the company, and to propose a concrete turnaround plan for the first... View Details

Keywords: Turnaround; Private Equity; Private Ownership; Diversification; Acquisition; Retail Industry; Apparel and Accessories Industry; United States; Europe

August 2021 (Revised November 2021)
Case

The NCB Capital Turnaround: Waking the Sleeping Giant

By: Sandra J. Sucher, Gamze Yucaoglu, Shalene Gupta and Fares Khrais

The case opens in 2019, five years after, Sarah Al Suhaimi, CEO of NCB Capital (NCBC), the investment arm of Saudi’s largest bank, NCB, took the helm. Having successfully turned the business to make it the market leader, she was contemplating her next steps as... View Details

Keywords: Turnaround; Investment Banking; Financial Institutions; Change Management; Leadership; Business Model; Strategy; Business and Stakeholder Relations; Management Teams; Asset Management; Growth and Development Strategy; Saudi Arabia

October 2014
Case

Mothercare, 2014

By: John R. Wells and Galen Danskin

In early 2014, Mothercare was the UK's leading retailer of mother-and-baby products. In fiscal 2013, it generated £341 million in revenues from its 255 UK stores and £128 million online, and was more than three times the size of its next biggest competitor, Mama and... View Details

Keywords: Retail; Turnaround; Strategy; Strategic Planning; Retail Industry; United Kingdom

September 2017
Supplement

Taj Hotels: Leading Change, Driving Profitability (B)

By: Krishna Palepu, Anjali Raina and Rachna Chawla

The Taj Group financial in March 2017 reflects a turnaround in performance. The new branding strategy is described. View Details

Keywords: Turnaround; Hospitality Industry; Leading Change; Leadership; Brands and Branding; Marketing; Strategy; Globalization; Performance Improvement; Accommodations Industry; India

04 May 2021
News

Getting to the Heart of Business with Best Buy turnaround CEO Hubert Joly

May 2015 (Revised March 2016)
Supplement

Thomas Cook Group on the Brink (B): Transformation Year 1 Results

By: Benjamin C. Esty

Analyzes the results of the Thomas Cook turnaround plan after the first year under Harriet Green's leadership (November 2013). View Details

Keywords: Turnaround; Corporate Restructuring; Female Ceo; Transformation; Change Management; Communication Strategy; Cost Management; Financial Liquidity; Financial Management; Management Succession; Leading Change; Crisis Management; Value Creation; Leadership; Travel Industry; United Kingdom

22 Apr 2021
News

Driving a Large Transformation with Leadership and Purpose – Lessons from the Turnaround at Best Buy

February 2021 (Revised June 2021)
Case

Barbarians at the Gate or Turnaround Gurus? Private Equity and the Rise of the LBO

By: Tom Nicholas and John Masko

During the 1980s, leveraged buyouts (LBOs) and the private equity (PE) firms responsible for carrying them out revolutionized both investment and management in the U.S. Between 1980 and 1989, buyout activity in the U.S. surged from $1 billion per year to $60 billion.... View Details

Keywords: Leveraged Buyouts; Mergers and Acquisitions; Business Conglomerates; Restructuring; Borrowing and Debt; Private Equity; Bonds; Investment Return; Institutional Investing; Profit Sharing; Business History; Management Style; Private Ownership; Performance Effectiveness; Value Creation; Financial Services Industry; United States

November 2012 (Revised April 2013)
Supplement

The Levees Repaired, a System Still Broken: Post Katrina Turnaround at the Orleans Public Defenders (B)

By: Rosabeth M. Kanter and Olivia Leskinen

Keywords: Innovation; New Orleans