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Think Like an Owner
Savneet Singh - Leading a Public Turnaround at PAR Technology - Ep.252 [Replay]
Dec 10, 2024
Savneet Singh, the CEO of PAR Technology, is known for his impressive turnaround of the publicly traded company. He reveals insights on managing crises in leadership, emphasizing urgency and adaptability. Savneet discusses innovative incentive models and the importance of structured communication within teams. He highlights his evolving view on mergers and acquisitions and stresses the core role of education in leading effectively. His unique management techniques foster a collaborative and data-driven corporate culture, essential for navigating software transformations.
48:19
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Quick takeaways
- Savneet Singh emphasizes the importance of cultural turnaround at PAR Technology, focusing on speed, ownership, and creating an urgent work environment.
- The decentralized organizational structure at PAR empowers individual business units, fostering accountability and accelerating decision-making to enhance overall performance.
Deep dives
Transitioning Leadership and Culture at Par Technology
Savneet Singh's journey to becoming the CEO of Par Technology began unexpectedly when he was invited to the board amidst the company’s struggles. Initially drawn to Par's software potential, he quickly realized that the company faced significant challenges, including employee dissatisfaction and product mismanagement. He emphasized the need for a cultural turnaround, focusing on urgency and decisive action to stabilize the organization. Under his leadership, a clear transformation plan was initiated that included making tough decisions about layoffs and renegotiating financial agreements, which ultimately helped Par navigate a precarious situation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode