Summarized below useful points by an interesting McKinsey Qtrly article "The crisis: Mobilizing Boards for Change"
* Expect major change. Conduct fundamental review of strategy. [John: Reinvent]
* Disrupt the rhythm
* Force New Conversations/ Create Confidence to Express "Stupid" Opinions
* Follow-through: where's the plan & budget?
* First-hand Frontline (Visceral) Experience
* Dramatic Leadership to Shake Things Up
Well for those of you who read Tom Peters'(and the like), these are nothing new...
..."the hottest U.S. investor" (covered by Fortune some months ago) once said "I don't wait for Morgan Stanley to tell me where the market is moving..." (or something like this, just recall from memory)
Yes I'm simultaneously quoting a valuable McK Qtrly's article and telling you we can't count on big guys like McK for truly inspirational world-changing ideas...
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