13 | Successful Turnarounds & Teams with Amy Gershkoff Bolles (Levi Strauss, Tradesy, Spectrum Equity)

Amy Gershkoff Bolles is a startup founder, CEO, and a public company board member with deep expertise in strategy and operations.

Key takeaways:

• How to execute successful turnarounds in less than a year. There’s a perception that turnarounds take longer than they need to. Talent assessment is the longest part of the process, but you need to meet with everyone no matter the size of the org. After doing this thousands of times, you’ll know within 5 minutes if they are enjoying their job or not. And if they aren’t, the turnaround won’t work. So then the Q is: are they in the wrong spot?
• Every organization has an overlong list of good ideas. Risk vs investment calculus is about 3 vectors: 1) balance short & long term, 2) risk of potential upside 3) holistic perspective on the total timeline in terms of risk / return.
• Hire for potential, not for experience. It leads to better, more diverse teams. Talent assessment key questions to ask: Is this the right person? Is this the right person in the wrong role (people don’t ask this enough)? Is this the right team overall?

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Where to find Amy:

https://www.linkedin.com/in/amygershkoff/ 

Where to find Neeta:

https://www.linkedin.com/in/neetabidwai/

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Where to find Good Revenue:

https://dfnstrategy.com/goodrevenue 

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