A recent article from Executives Edge highlighted the case study detailing the ability for a company to pivot during a time of landscape transition in its industry due to the implementation of strong leadership and a redefined cohesive strategy. The company featured is Australian-based Cleanaway, formerly operating under the name Transpacific, the country’s largest waste management company. Cleanaway was struggling with dissatisfied investors and found itself facing debts of upwards of $2 billion.
In this time of turmoil, Chief Executive Office, Vik Bansal, stepped in to completely transform the company’s approach to how it does business, both internally and externally by redefining how the world saw its approach to waste management.
Instead of putting a series of small tweaks in place at Cleanaway, Vik Bansal sought to rebuild the entire foundation of the company starting with addressing the high volume of management turnover that was leading to a variety of negative consequences.
Bansal took an honest and straightforward approach to revive Cleanaway, acknowledging issues with management and interconnectivity within the company that would need to be addressed to get things back on track. The end result was a revived Cleanaway, aligned with a single mission and straightforward operating model.
The clear, cohesive strategy aligned every team member within the company under a common purpose and the end result was the establishment of Cleanaway as an indispensable piece of Australia’s waste management industry.
At the end of the transformation of Cleanaway, key stakeholders and fund managers attributed the success and company turnaround to Vik Bansal’s bold approach and strong leadership. As an established global business executive in Australia, Vik Bansal has a seasoned career leading companies in waste management, recycling, and steel manufacturing. He has earned a sterling reputation through his skillset as a driver of tangible growth in every business he becomes a part of.
Vik Bansal’s: Twitter.