Which of the following turnaround strategies was adopted by Paul Levy, the chief executive officer of the Beth Israel Deaconess Medical Center (BID), in 2002?
A) He ensured that there were no job cuts.
B) He shared with all staff the full scale of the financial difficulties.
C) He promoted silo working within the organization.
D) He encouraged the different departments to focus exclusively on their own profitability.

Question

Quizplus · Accepted Answer

Paul Levy adopted a strategy of transparency and shared the full scale of the financial difficulties with all staff, which helped to build trust and engagement among employees. He did not promote silo working or encourage departments to focus exclusively on their own profitability, and while there were some job cuts, the main focus was on improving efficiency and effectiveness rather than downsizing.

Which of the Following Turnaround Strategies Was Adopted by Paul