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Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: Aphria Inc. Teaches Us How To Handle A Troubled Situation, In Contrast To CannTrust
Description: Troubled situations require swift and substantial action, which is the focus of the first three rules of the Sinclair Range turnaround methodology.  The rules are:Admit you’re in trouble. Most companies initially react to bad financial performance by blaming one or more non-recurring events, thereby relieving management of the need to shift strategy and implement an aggressive turnaround plan. Troubled situations will not be fixed, and stakeholders will not regain trust in the company, until leadership makes the mental shift to fix the problem at all costs.Change leadership.  No one is indispensable. Regardless of the tru...