Does TM Apply to Organizational Departments Also?

Turnaround Management at an Organisational Level
Alan Ward, Management Consultant, Australia
In my opinion the need for turnaround always applies at the local level. It is the result of the collective under-performance of a number of contributing departments or business units that leads to the eventual demise of an organisation.
If you wait until the whole shebang has, or is failing it is probably too late to breath life back into the corpse.
If the organisation has reached that level it is probably better to let corporate darwinism take its course.

Cascading Effect Leading to Turnaround Situation
Amey Bhide, India
Agree with the above comment to some extent. However, it can't happen that multiple business units or departments start under-performing at the same time or within short intervals.
It could be some kind of a cascading effect which results into "collective under performance". Signs of under performance may go unnoticed by the management.
A 'tipping point' is reached where no matter how hard one tries, the original status quo cannot be maintained with the existing strategies, tools, processes. And as rightly pointed out, it becomes too late to breath life back.
Hence I sincerely feel that turnaround management should kick in at an early stage at a business unit / department level (which is easy to implement) rather than at an organizational level before it reaches a point-of-no-return stage.