Sailing a ship is effortless when seas are calm and the wind is blowing in the right direction. And in business, it's easier to feel confident and in control when conditions are idyllic, profits are high and growth is steady. But what do you do when a storm hits? How do you turn things around and not only weather the storm, but emerge stronger? Turnarounds are challenging - in fact, within business, 70% of them fail. And the weight of expectation can test even the most experienced leaders and teams. So, what can we learn about the mechanics of managing a successful turnaround from the people who've done it? That's what we're exploring with Zak Brown, CEO at McLaren Racing, and Pauline Biddle, partner in M&A at Deloitte UK, in this episode of The Green Room as we ask: What does it take to turn things around? Tune in to find out: The essential first step all leaders must take when beginning a turnaround. How cultural change affects commercial success – and vice versa. Zak's advice to leaders who find themselves under pressure. What kind of mistakes are important to make while turning a business around. Enjoyed this episode? Check our website for our recommendations to learn more about this topic: deloitte.co.uk/greenroompodcasts You can also watch our episodes on Youtube: youtube.com/@DeloitteUK Scope here: scope.org.uk Guests: Zak Brown, CEO at McLaren Racing, and Pauline Biddle, partner at Deloitte Hosts: Lizzie Elston and Annie Wong Original music: Ali Barrett
