Pros

Excellent cooperation with team. Still competitive remuneration package. Independent working is possible to some degree. Still good reputation as an employer.

Cons

Too many guidelines, cumbersome processes, one size fits all approch. Top management does not lead by example, new vision is not clear.

Advice to Senior Management

Lead by example. Ease processes. Grant real empowerment to people and managers you trust. Do not only consider you close buddies when promoting people.