Harvard Business Review

OCTOBER 6, 2011

They said that it might be possible to go to the FDA, add warnings to the label, and keep Vioxx on the market, but they believed that the most responsible course of action in the interests of the patient was to voluntarily withdraw the drug. We had done a restructuring in 2001 with a significant number of layoffs. billion in revenues.

Restructuring 9

Restructuring Long-term Short-term Leadership 9

Harvard Business Review

SEPTEMBER 9, 2015

Ford CEO Alan Mulally tried to mitigate the impending bullwhip during the 2008 financial crisis by imploring the U.S. It reached a peak on June 12 and then proceeded to lose over 40% of its value by the end of August despite efforts by the Chinese government to prop up the market. Senate Banking Committee to save his competitors.

Supply Chain 8

Supply Chain Retail Crisis Operations 8

Harvard Business Review

APRIL 26, 2017

During the Great Recession of 2008, companies around the world downsized their workforces. American firms alone laid off more than 8 million workers from the end of 2008 to the middle of 2010. We found that 24% of our sample firms reduced their workforce by 3% or more in 2010, including Ford, Petmed Express, and Regal Cinemas.

Company 8

Company Short-term Altman Long-term 8

Harvard Business Review

MARCH 11, 2015

While the restructuring certainly helped GM return to profitability (its annual net income averaged $6.7 billion from 2010 through 2013), it would probably still be bankrupt but for the booming Chinese market. million vehicles in 2008. Taxpayers and workers should demand that open-market repurchases by all companies be banned.

Hedge 8

Hedge Company Automotive Restructuring 8

Harvard Business Review

MARCH 8, 2017

This initial lack of commercial players and interests was critical — it allowed the formation of a network architecture that shared resources in a way that would not have occurred in a market-driven system. Bitcoin was first created as a response to the 2008 financial crisis. Bitcoin is the killer app for the blockchain.

Banking 22

Banking Media Decentralization Technology 22

Harvard Business Review

SEPTEMBER 7, 2012

For Allen Printing, 2008 should have been a banner year. Heffington, working with Steve Curnutte, a restructuring advisor, realized that as new orders poured in, it became difficult to establish the true cost of fulfilling them. Sales at the family-owned printing business in Nashville, Tenn.,

Metrics 9

Metrics Working Capital Restructuring Banking 9

Harvard Business Review

APRIL 5, 2017

What if concentrated market power of a few companies in an industry has made these companies more profitable than usual? For instance, Home Depot, despite a painful housing market–led recession, retained most of its hourly workers and their benefits in 2008–2009. Are all share repurchases myopic?

EPS 11

EPS Metrics Depreciation Short-term 11

Harvard Business Review

APRIL 25, 2013

It is no coincidence that this upheaval in the Chinese solar industry is occurring at a time when the central government''s subsidies that had financed the industry''s explosive expansion have declined even as problems in the global solar-panel market have soared. A surge in exports of Chinese panels depressed world prices by 75%.

Price 8

Price Bond Industry Globalization 8

Harvard Business Review

AUGUST 22, 2016

And I wasn’t the only one concerned about the company’s direction – in 2008 my colleagues Yves Doz and Mikko Kosonen wrote about the “rollercoaster” that was strategy at Nokia for many years, just before the Apple phenomenon decimated the company’s handset business. Eliminate bureaucracy.

Company 8

Company Competitive Advantage Bureaucracy Retail 8

Harvard Business Review

JUNE 29, 2015

To get a better picture of this trend, Stiebale, along with Kevin Amess from Nottingham University Business School and Mike Wright from Imperial College Business School, analyzed hundreds of PE-backed LBOs of UK companies from 1998 to 2008. For a refresher on how PE works, see The Strategic Secret of Private Equity.)

LBO 8

LBO Innovation Sample Short-term 8

Harvard Business Review

MAY 11, 2016

In 2008 Andrew McAfee and Erik Brynjolfsson wrote about their research on U.S. Experts have more or less narrowed it down to two theories: Firms have been exposed to increasingly intense winner-take-all competition, or leading firms have cemented their market power and are earning fat profits without much threat of competition.

McKinsey 8

McKinsey Document Engineering Outsourcing 8

Harvard Business Review

DECEMBER 28, 2017

Prior to this, only 2007-2008 saw this many annual deals, and before that the single-year peak of 2000 saw “just” over 40,000 deals. But tech is disrupting even this newly restructured industry, as automobiles become computers on wheels. Who owns whose assets. The global remix is not new at all.

Retail 8

Retail Automotive Restructuring Chemicals 8

Harvard Business Review

APRIL 23, 2018

Since the Apollo program, NASA has faced funding cuts, competition from other nations for space leadership, and a radical restructuring of its operating environment due to the emergence of commercial space – all of which have forced the organization to change its ways of thinking and operating.

Budgeting 8

Budgeting Technology Innovation Operations 8

Harvard Business Review

SEPTEMBER 17, 2015

Improving value can only happen when providers align the focus of their clinical teams and their market strategy on achieving excellent outcomes, and in turn invest the resources to measure and report them. Although the pricing of the model was 20% lower than the typical market price, several small, focused private providers signed on.

Health Care 8

Health Care Fraser Price Compliance 8

Harvard Business Review

MARCH 18, 2013

There are many ways that live "corporate whales" can cultivate entrepreneurship ecosystems — as investors with capital for ventures to grow, as customers who buy innovative products, or as marketing partners to give the small dynamic firms global reach. Lo and behold!

Company 8

Company Bureaucracy Restructuring Bottom-up 8