A Turnaround Is a Delicate Operation
G. Lynn Shostack
(Chairman and President of New York‐based Joyce International, Inc., a manufacturer and distributor of office furniture and fixtures)
154
Abstract
Any manager who takes on a money‐losing operation soon learns the difference between turnaround theory and reality. In theory, you turn a business around by analyzing the numbers, identifying corrective actions, issuing instructions, firing those who seem unwilling or unable to act, and bringing in those who will.
Citation
Lynn Shostack, G. (1988), "A Turnaround Is a Delicate Operation", Journal of Business Strategy, Vol. 9 No. 2, pp. 59-61. https://doi.org/10.1108/eb039217
Publisher
:MCB UP Ltd
Copyright © 1988, MCB UP Limited