High-Performance Culture

Turning around a Fortune 500 company

Challenge:

An $8 billion dollar company faced continued decline, uncertain future and was named as one of The Wall Street Journal’s 10 worst performers

Actions:

  • Defined company’s vision and values in the context of a focused strategy
  • Aligned management around a single cultural direction
  • Instituted a management-led campaign to change behavior and improve performance throughout the company
  • Shifted employee mindset from survival to success

Result:

  • Net income increased more than 700%
  • Return on equity grew from 7.1% to 42.2%
  • Market capitalization increased six-fold
  • The Wall Street Journal Top 10

© 2005 Gagen MacDonald LLC