Renewing Purpose

10/11/2024 by Bailey

WHEN IS IT TIME TO HIRE NEW LEADERSHIP

Leadership that was part of a company’s history before the downturn in the economy is not always the leadership of the future that will drive a business through a turnaround or growth after the recovery. As a business changes, leadership often has to be replaced or new leadership has to be added to support strategic and tactical initiatives. The top four barometers that are triggers for change are: (1) when the cost for lack of change is impacting profitability, growth and/or strategy; (2) when the complexity of managing the company operations goes beyond the capacity of the incumbent; (3) when the partnering with internal and external customers is not meeting expectations; and (4) when the company is setting a new course and requires leadership with new expertise. Bohan & Bradstreet is constantly partnering with executive team on organizational realignment, leadership change, and talent acquisition.