Executives on Transformations
Marc-André Kamel asks Olaf Koch, former CFO of Mercedes and former CEO of Metro, how to know when a large-scale transformation is needed and how to run one.
Olaf Koch, former CFO of Mercedes and former CEO of Metro, now a venture capitalist at Zintinus Partners, offers lessons from his experience leading large-scale corporate transformations in a conversation with Marc-André Kamel, global leader of Bain’s Retail practice. Koch discusses the leadership challenge of undertaking a large-scale transformation, from admitting your business is losing its competitive edge to transforming the company culture and motivating employees to do what’s needed.
Business transformations are about continuously reshaping an organization. When they work, they enhance performance, increase efficiency, and create a competitive advantage.
