When Growth Stalls: How It Happens, Why You're Stuck, and What to Do About It by Steve McKee

Author:Steve McKee [McKee, Steve]
Language: eng
Format: mobi
ISBN: 9780470451243
Publisher: Wiley
Published: 2009-02-16T14:00:00+00:00

Loren began to change the company from the inside out. “Creating a new culture was fundamental to the new strategy,” he said. “We weren’t trying to be all things to all people, we weren’t trying to be perfect, and we weren’t trying to be brilliant. It wasn’t the strategy that would carry us; it was leadership, created through cultural change, what we call ‘winning culture.’ ” Loren’s approach led to a transformation of D&B and a multiyear run of double-digit earnings growth.3

Earnings growth is something not-for-profit organizations don’t technically have to worry about. But they do need to keep revenues ahead of expenses, and they face the same struggles with the vicious cycle as their for-profit brethren when growth stalls.

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