Taking A Long-Term Approach to a Short-Term Turnaround
Episode #67 of the Third Turn Podcast with Marti Nyman
Our guest, CEO Marti Nyman, had a big assignment: To revitalize a $100 million global tech company in short order, with an essential, organization-wide focus on growth, and as preparation for a likely acquisition and merger. And unbeknownst to him, he would need to do this in the context of Covid’s market disruptions, remote work realities, and supply chain issues.
When co-host Linda Milanowski-Westdorp and I initially heard Marti share this turnaround story a couple of months ago as a precursor to our interviewing him here, we both noticed feeling the hard-to-reconcile tension between his short-term assignment and his obvious focus on longer-term value. And Marti admits he felt it to some extent too. But for him, this short-term assignment was about creating sustainable value in the organization. And doing so by recognizing the key role culture plays in enabling profitable growth.
Marti’s worked in a variety of organizations and industries—all of which make the business case that culture matters. ‘In all of the different organizations that I’ve been in—anywhere from a six-person startup to a $120 billing Fortune 50 firm—the success of the organization and the vibrancy of it is very directly tied to the caliber and quality of leadership.’ So he held himself to that standard—leaning hard into adaptability, transparency, empathy, and ‘consistent, persistent, effective communications.’ In fact, here’s a link to one of Marti’s weekly communications to the entire company, with the goal of being candid about what he was hearing and seeing, with the goal of creating not just a monologue but a dialogue.
What’s Marti most proud of? Sure, there are compelling numbers, but clearly, his pride and joy is in the people that stepped up, going above and beyond what was required in a very challenging time. And that together, they all grew healthier and stronger as an organization ready for a new chapter and poised for the long haul.
- A Sample NFR (Nyman Friday Reflection)
- Two of Marti’s favorite and recommended books:
- The Oz Principle: Getting Results Through Individual and Organizational Accountability - by Roger Connors, Tom Smith, Craig Hickman
- The Five Dysfunctions of a Team: A Leadership Fable – by Patrick Lencioni
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Tags:leadership, The Third Turn, The Third Turn Podcast, Third Turn Blog, Short-term, turnaround, Long-term
March 14, 2023