Management turnarounds: diagnosing business ailments
Abstract
The process of business decline can be identified through various warning signals that are concomitant with the decline process. These warning signals are noticed in both the internal and external business environments. The successful turnaround of a failing or declining business requires that management analyze the causes of decline and then implement a strategy for reversal of the decline. This article addresses the signals of decline, internal and external business environments and the strategies for reversal of decline.
Keywords
Citation
Scherrer, P.S. (2003), "Management turnarounds: diagnosing business ailments", Corporate Governance, Vol. 3 No. 4, pp. 52-62. https://doi.org/10.1108/14720700310497122
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited