Turnarounds: 180 Days to a 180‐Degree Turnaround

Abstract

A poorly performing company, one in need of a complete turnaround, typically lacks resources for new strategic initiatives. The usual remedies are lay‐offs, cost‐cutting, and asset sales. However, these remedies often undermine the company's long‐term health. Moreover, they don't address the issues that lie at the heart of the problem: an ineffective corporate culture.

Citation

Connors, R. and Smith, T. (1999), "Turnarounds: 180 Days to a 180‐Degree Turnaround", Journal of Business Strategy, Vol. 20 No. 3, pp. 15-19. https://doi.org/10.1108/eb040001