All about Turnaround Management
Learn from colleagues and experts
Join now. Completely free.
Log in
X
Why register?
Welcome to the world's #1 website about management.
- Discover 1000s of knowledge centers.
- Learn from colleagues and experts.
- Share best practices with 1,000,000 members.
- Accelerate your management career.
- Completely free.
Log in
|
Two Dimensions to Turnaround Management
Jagdish B Acharya, Premium Member
There are two dimensions to turnaround management; who leads it and what are the process stages. We may put who leads on x-axis and put insider at 0 and outsider at 10. Put process stages on y axis with diagnosis at 0 and solution at 10 in this scenario.
I see six process vectors; 1:{(0,0) to (0,10)}, 2: {(10,0) to (10,10)}, 3: {0,0) to (10,10)}, 4:{(10,0) to (0,10)}, 5: {(7.5,0) to (2.5,10)} and 6: { (2.5,0) to (7.5,0)}.
My preference would be for vector 5 as representing the most common turnaround process which is led mostly by outsiders and solution led by insiders.
It is difficult for insiders to see the whole picture and recognise the need for a turnaround. In the same way, outsiders can never give a full solution.
|
|
| |
Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.
|
|
|
|
|
Special Interest Group Leader
|
|
|
More on Turnaround Management
|
|
|
|
|
|
|
|
