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A Blueprint for CEOs to Build a Profitable Business

Here are some CEOs and leaders who successfully turned around when the odds were stacked against them:

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When you look at iconic CEOs including Jack Welch, Alan Mulally, Richard Branson, Steve Jobs, Lakshmi Niwas Mittal, Lou Gerstner, and A.G. Lafley, they crafted unconventional strategies and adopted unique leadership styles to turn around their organizations. Turning around a global organization is a herculean task especially if it is a huge organization. 

There is no tailormade blueprint to turn around it. It all depends on the size, type of sector, and industry the global organization operates. This article outlines an innovative blueprint to convert a loss-making global organization into a profitable one, and to serve as a guideline for busy CEOs. 

As a CEO, you must design your own strategy based on your previous experience and the type of sector or industry you entered. If required, craft your own vision and articulate it effectively with all stakeholders. You must build a successful collaborative team leveraging the strengths of senior leaders. 

Find out holes where the boat is leaking to close them quickly. Sell out unprofitable, and loss-making units to cut down the losses.  Break bureaucratic bottlenecks. Create collective accountability.  Take bold decisions to turn the tide. Communicate regularly with the stakeholders. Call regular meetings to review the stock of the situation. 

Take feedback to find out what worked and what did not work. Realign your strategies, if the outcome is not as per your expectations.  Bring emotional unity in employees by emphasizing organizational culture. 

Avoid laying off the employees as talent is rare to get in the present world. In extreme cases, remove the unproductive and inefficient employees who indulge in organizational politics.  Interact with all levels of management personally to understand their pulse and the ground realities. Change is always resisted by employees. 

Hence, communicate clearly that the status quo is more awkward than the status quo ante.  When you can express your right intentions effectively, and persuade your employees of your vision successfully; you will win the support of your employees, and you can lead effectively. 

Above all, have a laser focus approach.

“Half the leaders I have met don’t need to learn what to do. They need to learn what to stop.” ―Peter Drucker

Here are some CEOs and leaders who successfully turned around when the odds were stacked against them: 

Jack Welch adopted the Six Sigma quality program from Motorola and applied a forced ranking system that divided employees into three distinct segments: the top 20 percent of performers, the middle 70 percent, and the bottom 10 percent which is known as GE’s “20-70-10” system. He once remarked, “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”

Alan Mulally’s track record is the envy of every executive today globally.  When Alan arrived at Ford he instituted weekly Thursday morning meetings, known as the Business Plan Review, or BPR, with his sixteen top executives and the executive’s guests from around the world.  

Under his leadership, Ford survived the financial crisis without a bailout.  He took several measures to restructure Ford. He divested nonprofit-making vehicles and brought down labor costs. He shed brands—Jaguar, Land Rover, and Aston Martin.  He created ‘One Ford’ uniting everyone.

Steve Jobs had a high drive to achieve results. He pushed the boundaries and reinvented technology. He foresaw what others could not see. He was a visionary leader. His message to the world is people with passion can change the world. 

Hence, instead of being overly concerned about what you don’t have, focus on what you have and integrate all those elements to achieve amazing success in your life. He stands for passion, communication, and excellence. He was passionate about technology; knew how to articulate effectively to clients and customers; emphasized excellence. 

He stood by his passionate area of technology throughout his life despite being distracted.  He sold dreams to customers with his effective communication skills. He raised his bar constantly to stay ahead of time and technologies. 

He turned around Apple that was falling, and led from the front with his uniquely innovative and autocratic leadership style.

Although Singapore did not have natural resources, Lee Kuan Yew converted this island nation into a prosperous country in the world with the help of human resources. He was an ideal example who demonstrated to the world the power of human resources by leading under several constraints. 

It is often said that it is the bad tradesman who blames his tools, and it is the wise tradesman who works with what he has, and from where he was, to deliver his goods effectively. It is true in his case as he did not blame for the dearth of natural resources but worked with what he had with a great vision and passion. 

Globally people often talk about the power of human resources and human talent. Singapore can be compared with a global company and with a CEO of a global company who walked his talk throughout his life.

Final thoughts

CEOs must follow the following four strategies to turn around their global organizations: create strong, collaborative partnerships with customers, and sustain an intense focus on the marketplace; drive unique value and growth through innovation and offering value-added solutions rather than products; invest heavily in finding, keeping, and developing the best people, and keep them focused on furthering our core competencies; and leverage the skills and knowledge of those people through collaboration, communication, teamwork, and a strong sense of urgency.

Professor M.S. Rao, Ph. D., is a 21st-century Philosopher and the Father of “Soft Leadership.” He is an International Leadership Guru and the Founder of MSR Leadership Consultants, India. He has forty-four years of diversified experience, including military, and is the author of fifty-four books, including the award-winning See the Light in You.

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Business

The Entrepreneur’s Reading List That Transforms Ideas Into Empires

These must-read titles and writing insights reveal how entrepreneurs turn bold ideas into empire-level success.

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top entrepreneurship books for business growth
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Entrepreneurship is powered by stories—of accomplishment, failure, and decision moments that define businesses. Books are maps, providing insight from individuals who’ve traversed the road ahead. (more…)

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Entrepreneurs

The Leadership Shift Every Company Needs in 2025

Struggling to keep your team engaged? Here’s how leaders can turn frustrated employees into loyal advocates.

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Bridging the gap between employees and employers
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In workplaces around the world, there’s a growing gap between employers and employees and between superiors and their teams. It’s a common refrain: “People don’t leave companies, they leave bad bosses.”

While there are, of course, cases where management could do better, this isn’t just a “bad boss” problem. The relationship between leaders and employees is complex. Instead of assigning blame, we should explore practical solutions to build stronger, healthier workplaces where everyone thrives.

Why This Gap Exists

Every workplace needs someone to guide, supervise, and provide feedback. That’s essential for productivity and performance. But because there are usually far more employees than managers, dissatisfaction, fair or not, spreads quickly.

What if, instead of focusing on blame, we focused on building trust, empathy, and communication? This is where modern leadership and human-centered management can make a difference.

Tools and Techniques to Bridge the Gap

Here are proven strategies leaders and employees can use to foster stronger relationships and create a workplace where people actually want to stay.

1. Practice Mutual Empathy

Both managers and employees need to recognize they are ultimately on the same team. Leaders have to balance people and performance, and often face intense pressure to hit targets. Employees who understand this reality are more likely to cooperate and problem-solve collaboratively.

2. Maintain Professional Boundaries

Superiors should separate personal issues from professional decision-making. Consistency, fairness, and integrity build trust, and trust is the foundation of a motivated team.

3. Follow the Golden Rule

Treat people how you would like to be treated. This simple principle encourages compassion and respect, two qualities every effective leader must demonstrate.

4. Avoid Micromanagement

Micromanaging stifles creativity and damages morale. Great leaders see themselves as partners, not just bosses, and treat their teams as collaborators working toward a shared goal.

5. Empower Employees to Grow

Empowerment means giving employees responsibility that matches their capacity, and then trusting them to deliver. Encourage them to take calculated risks, learn from mistakes, and problem-solve independently. If something goes wrong, turn it into a learning opportunity, not a reprimand.

6. Communicate in All Directions

Communication shouldn’t just be top-down. Invite feedback, create open channels for suggestions, and genuinely listen to what your people have to say. Healthy upward communication closes gaps before they become conflicts.

7. Overcome Insecurities

Many leaders secretly fear being outshone by younger, more tech-savvy employees. Instead of resisting, embrace the chance to learn from them. Humility earns respect and helps the team innovate faster.

8. Invest in Coaching and Mentorship

True leaders grow other leaders. Provide mentorship, career guidance, and stretch opportunities so employees can develop new skills. Leadership is learned through experience, but guided experience is even more powerful.

9. Eliminate Favoritism

Avoid cliques and office politics. Decisions should be based on facts and fairness, not gossip. Objective, transparent decision-making builds credibility.

10. Recognize Efforts Promptly

Recognition often matters more than rewards. Publicly appreciate employees’ contributions and do so consistently and fairly. A timely “thank you” can be more motivating than a quarterly bonus.

11. Conduct Thoughtful Exit Interviews

When employees leave, treat it as an opportunity to learn. Keep interviews confidential and use the insights to improve management practices and culture.

12. Provide Leadership Development

Train managers to lead, not just supervise. Leadership development programs help shift mindsets from “command and control” to “coach and empower.” This transformation has a direct impact on morale and retention.

13. Adopt Soft Leadership Principles

Today’s workforce, largely millennials and Gen Z, value collaboration over hierarchy. Soft leadership focuses on partnership, mutual respect, and shared purpose, rather than rigid top-down control.

The Bigger Picture: HR’s Role

Mercer’s global research highlights five key priorities for organizations:

  • Build diverse talent pipelines

  • Embrace flexible work models

  • Design compelling career paths

  • Simplify HR processes

  • Redefine the value HR brings

The challenge? Employers and employees often view these priorities differently. Bridging that perception gap is just as important as bridging the relational gap between leaders and staff.

Treat Employees Like Associates, Not Just Staff

When you treat employees like partners, they bring their best selves to work. HR leaders must develop strategies to keep talent engaged, empowered, and prepared for the future.

Organizational success starts with people, always. Build the relationship with your team first, and the results will follow.

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Entrepreneurs

What Makes an Entrepreneurial Leader? Traits of the World’s Best Innovators

Inside the mindset of entrepreneurial leaders who transform risk, passion, and vision into world-changing results.

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When you think of Richard Branson (Virgin Group), Bill Gates (Microsoft), Steve Jobs (Apple), Rupert Murdoch (News Corporation), and Ted Turner (CNN), one thing becomes clear: they are not just entrepreneurs, they are entrepreneurial leaders. (more…)

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Entrepreneurs

Building a Business Empire: Lessons from the World’s Boldest Entrepreneurs

Learn essential lessons, success strategies, and mindset shifts every aspiring entrepreneur needs to overcome challenges and build a thriving business.

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Back in July 2017, I attended a business seminar on entrepreneurship in India. With my appetite for learning and meeting new people, I wanted to explore the latest developments in the entrepreneurial world. (more…)

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