Turn Around Management

Some ChangeManagement consultants are skilled in TurnAroundManagement. Corporations under stress can get assistance to "turn a new leaf" and meet the needs of all stakeholders, including shareholders and employees.

There is a "TurnAroundManagementAssociation (TMA)" (http://www.turnaround.org) which focus on "CorporateRenewal". Unfortunately a closer examination of their membership and objectives reveal a concentration for bankcrupcy/liquidation/takeover/venture capital funding type of activities. So employee needs are probably out of scope.

• OTOH, the overview of TMA is worth viewing as it correctly identifies the "existing Management team" as a possible source of the problem.

BoilTheOcean CulturalRevolution strategy has been proven to work, if costs are inconsequential.

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Resources

UserStories

Making the elephant dance at http://leadership.wharton.upenn.edu/digest/02%2D03.shtml#Leading%20the%20Turnaround:%20%20Lou%20Gerstner%20of%20IBM 

Surgery for a once high flying publication at http://leadership.wharton.upenn.edu/digest/04%2D04.shtml#From_Writing_to_Leading: _How_John_A._Byrne_Is_Remaking_Fast_Company

StrategicManagement advice

See article describing strategies for small retailers in struggle against big rivals, from book "Dancing with Elephants", at http://www.key.com/gen/html/moneycorner_bv021.html

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See TurnAroundToSelfManagement for focus on individual aspects

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CategoryManagement