Corporate turnarounds: From textbook to the trenches

Abstract

Many organizations can benefit from a turnaround mentality even if their balance sheet shows a turnaround in the cost sense is unnecessary. A turnaround mentality can re‐energize and revitalize a company and move it forward. However, not all organizations in need of a turnaround can be saved. The leadership approach required in a turnaround is different than that needed before or after a turnaround. Some organizations are not prepared for that; they have an investment in their leadership team and prefer to think that their leaders are flexible and adaptable.

Citation

Monroe, A.F. (1992), "Corporate turnarounds: From textbook to the trenches", Planning Review, Vol. 20 No. 5, pp. 42-44. https://doi.org/10.1108/eb054379