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When Jørgen Vig Knudstorp became CEO of the LEGO Group in 2004, the company was on the verge of ruin. Sales were falling, debts were piling up, and innovation had slowed to a crawl.What happened over the following decade has been called the greatest turnaround in corporate history. Among key takeaways in this episode, discover how Vig Knudstorp split the company’s recovery into three manageable chapters; why he believes in the power of “paradoxical leadership”; and why the LEGO Group we know today is more like a forest than a manicured garden.—————————Links:Read our new magazine, I by IMD, here.Discover IMD's leadership programmes here.
When Jørgen Vig Knudstorp became CEO of the LEGO Group in 2004, the company was on the verge of ruin. Sales were falling, debts were piling up, and innovation had slowed to a crawl.
What happened over the following decade has been called the greatest turnaround in corporate history.
Among key takeaways in this episode, discover how Vig Knudstorp split the company’s recovery into three manageable chapters; why he believes in the power of “paradoxical leadership”; and why the LEGO Group we know today is more like a forest than a manicured garden.
—————————
Links:
Read our new magazine, I by IMD, here.
Discover IMD's leadership programmes here.
As President of the International Institute for Management Development - better known as IMD - Jean-François Manzoni has a direct line to some of the world’s most interesting and successful business leaders. In this new podcast, he shares that opportunity with you.In each episode, we’ll hear from a different CEO about the path that brought them to the C-suite, the insights they’ve gained at the top -- and the advice they’d like to pass on to the next generation.New episodes every other Thursday.