Turnaround

The leaders and managers in place won’t tell you voluntarily what’s really going on. Either they just don’t know or understand it, or they themselves are the main reason for it. Turnaround work is complex in nature.

Successful turnaround strategies involves the following ingredients: Humility, Teachability and Commitment to self-awareness and personal growth. Examples can be found in President Abraham Lincoln and others.

Corporate turnarounds and transformations are no longer ad hoc. Successful change management using transformation and turnaround should be holistic and based on addressing both strategic and operational issues in the short and long term. There is no single right style of leadership in a change management environment. Turnaround executives have to be benevolent dictators, crisis managers, visionaries, entrepreneurs, coaches, spiritual leaders all roll into one.