Reversing organizational decline: Effective risk management holds the key

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Organizational aging often leads to performance decline that can prove terminal if not addressed properly. Firms can use corporate turnaround strategies as a proven means of obtaining the swift solutions that are essential. By creating a relevant framework, it is possible to identify specific actions and negate the obstacles and diverse range of risks that have potential to impede turnaround success.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2019), "Reversing organizational decline: Effective risk management holds the key", Strategic Direction, Vol. 35 No. 12, pp. 20-23. https://doi.org/10.1108/SD-09-2019-0183