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You’ve heard of IBM, however do you know that it was as soon as on the verge of chapter? One man, a cookie salesman, was in a position to flip the corporate round and hold it from collapsing. In as we speak’s management spark, we’ll discover the outstanding turnaround of IBM within the Nineties underneath the management of Lou Gerstner, Former CEO of IBM. Lou, an outsider with a background in shopper items and monetary companies, took the helm and remodeled the corporate. He restructured IBM, shifting its focus from {hardware} to companies and software program, and revitalized its company tradition, steering it from close to chapter to turning into a worldwide chief in expertise companies. This story is a strong instance of how visionary management and strategic decision-making can navigate an organization via making an attempt occasions and lead it to success.
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