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Turnaround Management is like Surgery
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Turnaround Management
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Jagdish B Acharya
Consultant, India

Turnaround Management is like Surgery

If an organisation is viewed as a person and its health is taken as its condition then management is the sum of its good practices to keep it healthy, and a turnaround is the treatment when it has fallen sick.
Managers are like doctors who treat organisations and turnaround managers are like surgeons who have to intervene and do major operations.
The solution will depend on problems afflicting organisation but in essence it is treatment for ailments.
 

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Agni Chatterjee
Student (MBA), India
 

Is Downfall Due to Internal or External Factors?

When we talk about turnaround management, we basically talk about building strategies to rebuild or renew an organisation. Root Cause Analysis being the first step towards this process, the most important thing to keep in mind is to see whether the downfall of an organisation is due to internal pressures or lack of internal capabilities, or due to the external environment. If it's due to internal pressure then we can take necessary steps and revamp the whole organisation and restructure it, but restructuring an organisation facing challenges posed external pressure is not in anybody's hand. An organisation gone down due to external forces is very difficult to revive. If their is no market for the product an organisation is making, no turnaround management plan can save it.

 
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Frederick Price
Philippines
 

Turnaround Like Surgery

I do not at all agree with you. A surgery is a predetermined, preplanned approach to solving a medic... Sign up

 
0
Azhar Kazmi
Professor, Saudi Arabia
 

Corporate Doctors

That's why turnaround specialists are called 'corporate doctors' who help organisations regain their... Sign up

 
0
Jeswan SinghPS
Engineer, Malaysia
 

Turnaround Management (TM)

TM encompasses a fundamental review of an organisation's strategic direction and often happens when ... Sign up

 
0
Jagdish B Acharya
Consultant, India
 

A Difference from Surgery

Based on comments of Dr. Price, I correct myself. In surgery one often does not try untested methods... Sign up

 
0
Mary R Brooks, United Kingdom
 

Surgery, Hammer or U-Turn

One of my business interests was in trouble last year and despite all the turnaround techniques that... Sign up

 
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Jeswan SinghPS
Engineer, Malaysia
 

No Holds Barred Action

Congratulations Mary Brooks on your single minded focus to doing things differently. I am convinced ... Sign up

 
0
Mary R Brooks, United Kingdom
 

TM

Thanks Jeswan! Sometimes the single minded focus of a leader is seen as bullying, particularly in th... Sign up

 
0
James Mchugh
United Kingdom
 

Emergency Surgery

In routine planned surgery - such as Hernia repair - the key to success lies in selecting the safest... Sign up

 
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Jeswan SinghPS
Engineer, Malaysia
 

Turnaround Management and Taking the Bulls by the Horn

Mary Brooks - taking drastic action in certain work environments can be challenging and often distur... Sign up

 
0
Michael Cardy
Strategy Consultant, United States
 

Surgery or Peeking Out of the Box?

Surgery implies the problem is within the organization, a specific area. While this often is the cas... Sign up

 
0
James McHugh
United Kingdom
 

Amputation is Last Resort

Michael: amputation is always the last resort - and never used unless there is a cancer, or a limb w... Sign up

 
0
Azhar Kazmi
Professor, Saudi Arabia
 

Dilemma in Turnarounds

I feel that the basic dilemma in turnarounds must be the difficult choice between implementing a sur... Sign up

 
0
Sulleiman Adediran
Educational & Management Consultant, Nigeria
 

TM-insider or Outsider as the Surgeon?

We need the inside knowledge (organizational culture) for the outsider surgeon to succeed. Otherwise... Sign up

 
0
R.S. MATHUR
Teacher, India
 

Speed and Grit are of Essence

Executing turnarounds cannot be without its share of pain, whatever may be the extent or depth of 's... Sign up

 
0
Azhar Kazmi
Professor, Saudi Arabia
 

To Do or not to Do

Well said, James McHugh: "a good surgeon knows not just how to operate, but also when not to operate... Sign up

 
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PRASAD SN
Professor, India
 

Communication and Mobilizing Pride

I fully agree with the usage of words like 'surgical operation', 'hammering' etc. In addition, the ... Sign up

 
0
Tshinyiwaho Phidane
Management Consultant, South Africa
 

Reach a Stage of Bleeding

Turnaround Management is one of the most important interventions for organisations. The biggest chal... Sign up

 
0
PROFESSOR JASWANT C GANDHI
Professor, India
 

Study and Diagnose First

Let me share my experience as a consultant. Turning around business is like treating an organisation... Sign up

 
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Brunks Warwick. DBA
Strategy Consultant, Ireland
 

Putting Both in and Outside Sources Together

With the evidence at hand, both surgeon and the patient need to agree for the treament to be success... Sign up

 
0
Jagdish B Acharya
Consultant, India
 

Various Roles in Turnaround

With so many contributions I am looking at analogies of roles people play in a turnaround: 1. The p... Sign up

 

More on Turnaround Management:
Summary
Discussion Topics
topic Does TM Apply to Organizational Departments Also?
👀Turnaround Management is like Surgery
topic Use an Insider or an Outsider as a Turnaround Manager?
topic Role of Marketing in Business Turnaround
topic What is Turn Around Time?
topic Turnaround Management in India
topic Periodic Health Check of Organization and Turnaround Management
topic Two Dimensions to Turnaround Management
topic Recognizing When Turnaround is a Must
topic Turnaround Management and Culture
🔥 Financial Distress in Hospitals
topic Whatever the Name Tag, Turnaround Management is Desirable
topic Linear Programming and Turnaround Management
topic Turnaround Professional Certification
topic Start with Call to Action
topic Turnaround Management in Upstream Oil & Gas Facilities (FPSO Specific)
topic Recovery and Turnaround
Special Interest Group

SIG Leader

Do you know a lot about Turnaround Management? Become our SIG Leader


top
More on Turnaround Management:
Summary
Discussion Topics
topic Does TM Apply to Organizational Departments Also?
👀Turnaround Management is like Surgery
topic Use an Insider or an Outsider as a Turnaround Manager?
topic Role of Marketing in Business Turnaround
topic What is Turn Around Time?
topic Turnaround Management in India
topic Periodic Health Check of Organization and Turnaround Management
topic Two Dimensions to Turnaround Management
topic Recognizing When Turnaround is a Must
topic Turnaround Management and Culture
🔥 Financial Distress in Hospitals
topic Whatever the Name Tag, Turnaround Management is Desirable
topic Linear Programming and Turnaround Management
topic Turnaround Professional Certification
topic Start with Call to Action
topic Turnaround Management in Upstream Oil & Gas Facilities (FPSO Specific)
topic Recovery and Turnaround
Special Interest Group

SIG Leader

Do you know a lot about Turnaround Management? Become our SIG Leader
Knowledge Center

Turnaround Management
Knowledge Center


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