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      "text": "In our experience, an \"iron fist\" PMO plays a vital role in helping to coordinate and facilitate the steps of a turnaround or restructuring, leading to greater success in implementing strategic initiatives.",
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      "text": "Establish a PMO. In our experience, an “iron fist” PMO plays a vital role in helping to coordinate and facilitate the steps of a turnaround or restructuring, leading to greater success in implementing strategic initiatives. This is particularly true for initiatives that cross business lines in the organization, where accountability and oversight need to be clear.",
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      "text": "Develop a culture of change. Actively build organization-wide support for—and commitment to—strategic-initiative implementation and change management as a real competitive differentiator.",
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      "text": "Lars Fæste\nJochen Schönfelder\nChristian Gruß\nChristoph Lay",
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