Many of the top leveraged-buy-out groups use “first hundred day” plans. During the due-diligence process the agenda items for the first hundred day plans are stockpiled; during the closing process the action plan is created; and it is executed during the first hundred days. They do this because they know that urgency of action has a shelf life and that time is money.
When you go into a new management assignment; learn from this. You won’t have the same advantage of hundreds of man-hours of in-depth analysis and an extremely experienced and savvy set of advisors, but regardless set a tough and tight timetable for yourself, and don’t deviate from it. Your organization expects change now, not six months from now: their receptivity will be at its peak. Don’t worry about getting everything exactly right, make substantive directional changes. Establish yourself as a leader, as the organization’s leader. Don't waste this opportunity by being cautious.
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