The Bottom Line

Turnarounds

Mar 14, 2013
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ANECDOTE

Shock Start At Royal Mail

  • Adam Crozier found Royal Mail technically insolvent on his first Friday and faced huge structural problems.
  • He estimates he completed about half to two-thirds of a 10–15 year turnaround.
INSIGHT

Layered Restrictions Block Improvement

  • Royal Mail had layers of overlapping restrictive practices that blocked improvement.
  • Crozier counted 1,442 restrictive practices that had to be dismantled piece by piece.
ANECDOTE

Reviving A Family Factory

  • James Eden left the City to rescue his family's Manchester factory and repositioned it upmarket.
  • He shifted from contract manufacturing to building the Private White VC label and winning high-profile bespoke work.
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