In the wake of the local elections, commentators have expressed their opinions on the performance of the ANC and how the party needs to carry out some self-assessment to determine what went wrong. All organisations go through peaks and valleys. We are not short of examples of organisations that faced deterioration, if not extinction, but managed, through proper leadership, to reclaim their glory.IBM’s turnaround, led by Lou Gerstner, is a good example. Nissan, facing a similar challenge — huge losses and an ocean of debt — brought in Carlos Ghosn to change its fortunes.Locally, after a failed takeover attempt by Nedbank, Jacko Maree led Standard Bank to great success. The most current story is that of Pick n Pay. The company brought in Richard Brasher to turn its fortunes around. Similarly, Sipho Maseko has done a sterling job at Telkom.What is common about all these stories? It took the board or the shareholders to heed the proverb that the fish rots from the head. If you want to t...
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