A traditional manufacturing or retail company can apply Louis Gerstner's innovative approaches in several ways. Firstly, they can implement bold leadership and a clear strategy for the future, which involves making tough decisions when necessary. Secondly, they can focus on motivating and inspiring their employees to align with the company's vision and goals. Thirdly, they can consider restructuring their organization around industries rather than geographies, similar to what Gerstner did at IBM. Lastly, they can instill a culture of competitiveness and customer-focus, replacing any existing complacency or staunch traditionalism.
Learn from one of the best turnaround leaders of our time, Lou Gerstner of IBM. Take a page from Ger...
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