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Turnaround: Crisis, Leadership, and the Olympic Games
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Turnaround: Crisis, Leadership, and the Olympic Games
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Turnaround: Crisis, Leadership, and the Olympic Games
Ebook583 pages8 hours

Turnaround: Crisis, Leadership, and the Olympic Games

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About this ebook

Mitt Romney, Governor of Massachusetts, built a career turning around troubled companies. As the CEO of Bain Capital and Bain & Company, he and his firm helped propel the success of hundreds of companies, from venture start-ups to the world's largest corporations. In 1999, the Salt Lake Winter Olympic Games Organizing Committee turned to him to take over and run the Salt Lake Olympic Games. Romney was reluctant—and with good reason.

Sullied by scandal, on the brink of financial disaster, and with federal investigators, bankers, and the press at its door, the Salt Lake Organizing Committee's senior managers admitted the organization was paralyzed.

But Romney had too much American patriotism to let it become a catastrophe for his country. So he accepted the biggest turnaround challenge of his life.

In Turnaround, Romney reveals how he tackled the seemingly insurmountable obstacles facing the Salt Lake Winter Games. In Turnaround, you'll learn how Romney and his management team:

  • eliminated a financial crisis and delivered a profitable Olympic Games
  • built a culture of excellence that inspired gold medal performances from the employees
  • skillfully won the support of government officials, corporate sponsors, local residents, athletes and the international Olympic movement.

With Romney at the helm, and through the teamwork, tenacity, and creativity of the staff he assembled and supported, the organizing committee succeeded against the odds in producing one of the finest Olympic Games ever—a proud moment for America, a great installment in Olympic history, and a valuable object lesson in what effective management and leadership can do.
LanguageEnglish
Release dateFeb 13, 2012
ISBN9781596982123
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Turnaround: Crisis, Leadership, and the Olympic Games
Author

Mitt Romney

Mitt Romney, author of the book No Apology: Believe in America, is an American businessman and former governor of Massachusetts. Romney was a candidate for the Republican nomination in the 2008 United States presidential election and was the 2012 Republican nominee for President. He first gained national recognition in 2002 as President and CEO of the Salt Lake Organizing Committee for the Olympic Games. He received his B.A., with Highest Honors, from Brigham Young University in 1971. In 1975, he was awarded an MBA from Harvard Business School, where he was named a Baker Scholar, and a J.D., cum laude, from Harvard Law School.

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  • Rating: 2 out of 5 stars
    2/5
    The short version of this review is that Turnaround is a management book. Though many people will be picking this title up for it's potential insights into Romney as a politician, those insights are very thin and buried between the lines. After a brief prologue full of patriotic and athletic platitudes, it continues on into a highly detailed account of the details involved in saving the 2002 Winter Games after being embroiled in scandal. While there were interesting moments in this process, I think for the casual reader, or the reader looking for political insights it was just too much minutiae. Cutting the book in half would have made it a much more enjoyable read. For those readers however that are looking for new business and leadership inspirations in the vein of Who Moved My Cheese or Fish and other such, this might be a more enthralling narrative experience. As the the deals are brokered and the budgets are analyzed and the team is brought in line with the single vision the management types are sure to have an aha moment here and a chuckle there. For anyone else, it might be better to move on to other literary pastures.