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Leadership and the company turnaround process

Michael Harker (University of the Sunshine Coast, Queensland, Australia)
Bishnu Sharma (University of the Sunshine Coast, Queensland, Australia)

Leadership & Organization Development Journal

ISSN: 0143-7739

Article publication date: 1 February 2000

Abstract

Three firms engaged in the heavy engineering industry undergoing the transition from organisational decline to recovery were studied in‐depth in a period of significant change for the industry. The purpose of the study was to explore the way in which leaders manage the company turnaround process. The turnaround performance and processes of recovering firms were compared to those of a less successful rival. Effective turnaround management involved making a series of holistic changes to strategies, structures and practices throughout the organisation; changes which were orchestrated by leaders at different levels in the firms. This study of leaders at work presents a model linking leadership and the turnaround process which challenges conventional prescriptions for company revival in a mature industry and identifies three core dimensions which mediate the effectiveness of relationship between leadership and company turnarounds.

Keywords

Citation

Harker, M. and Sharma, B. (2000), "Leadership and the company turnaround process", Leadership & Organization Development Journal, Vol. 21 No. 1, pp. 36-47. https://doi.org/10.1108/01437730010310721

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited