... turnarounds, their scholarly work on corporate restructuring, and their combined experiences and observations in industry. Their framework proposes four possible outcomes of the turnaround process: comeback, adrift, running‐on‐empty, and collapse. They provide examples to describe each outcome...

... corporate officers is enormous today and simply keeping abreast of it all is a colossal task. As a result, not all managers and firms can cope, often resulting in a turnaround situation. The purpose of this paper is to highlight what sets successful turnarounds apart from failures and the most frequent...

...Marius Pretorius Purpose – Porter's generic strategy matrix often proves inadequate for use by distressed firms, because it assumes that ventures operate “normally” in competitive environments. Leaders of troubled ventures facing turnaround situations need to interpret the complex factors...

... exploration of both the internal and external contexts of the business. The advantage of the approach lies in breaking down vision into its component parts, lending simplicity and structure to the visioning process. The study employs a case study of the turnaround of Harley‐Davidson to illustrate this method...

... have discovered most frequently in my interviews, surveys and studies of top executives at firms trying to turn around that have been the basis of a number of academic studies of turnarounds that I have published in the last decade [1] . When your company is in trouble, finding and understanding...

... crisis may be the most obvious sign of trouble, it is usually not the cause but the effect of earlier difficulties such as pricing issues, lack of market penetration or lack of direction from management. Based on a case study of MicroNet, a high‐technology company, this article shows how turnaround...

... that would result in a historic turnaround for the company of 30,000 people with a small team of internal change agents and the support of a consulting team. Changing the way people work means changing the way they behave. Changing behavior requires also changing thinking and feeling. In short, change...