I have researched Microsoft Corporation as the company that done a complete turnaround. Microsoft took the step of inputting a new chief executive officer in 2014.
Before then, Steve Ballmer was the chief executive at Microsoft Corporation, and the tech giant was going on a downward path.
When Satya Nadella took over Microsoft Corporation, he changed the compensation system that was used to measure performance and determine pay.
The corporation used a rack stack performance measurement system which made employees to compete with each other. The culture of innovation was stifled as engineers who could not compete joined upcoming companies like Google.
Nadella also changed the corporation’s mission from “a computer in every desk and every home” to “empowering individuals and societies in the world to achieve more (Ibarra, 1).”
Nadella also formed a power cabinet of 180 executives who were divided into 17 teams to come up with strategies to put Microsoft back on track (Ibarra, 1).
Nadella also formed a power cabinet of 180 executives who were divided into 17 teams to come up with strategies to put Microsoft back on track (Ibarra, 1).
The turnaround has been effective in improving Microsoft’s profitability as the corporation stock price has been increasing since 2014. Innovation at Microsoft has also been reinstalled as evidenced by the innovation of Microsoft Teams; the video conferencing tool that has come in handy in the wake of COVID-19 and in the new normal.
