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Corporate turnaround failure: is the proper diagnosis transgenerational response?

Oliver, J. J., 2020. Corporate turnaround failure: is the proper diagnosis transgenerational response? Strategy and Leadership, 48 (4), 37- 43.

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DOI: 10.1108/SL-12-2019-0187

Abstract

Could there be a hidden cause of chronic failure in a corporation, where over many years multiple CEOs and new strategies can’t revitalize the firm after a past painful stumble? An emerging theory is that the persistent after effects of a cultural, managerial or economic trauma can cripple an organization’s serial turnaround attempts. But the conventional approach by business executives and management consultants is to treat every problematic corporate rehabilitation as a routine “turnaround case.” In fact, some organizations exhibiting chronic underperformance may actually be suffering from the residual effects of a crisis event that occurred a number of years previously. To identify such hidden trauma, corporate leaders should consider applying a thought-provoking concept from the field of Epigenetics to better understand chronic turnaround cases.

Item Type:Article
ISSN:0094-064X
Uncontrolled Keywords:Corporate Crisis ; Corporate Culture ; Chronic Performance ; Epigenetics ; Innovation ; Risk
Group:Faculty of Media & Communication
ID Code:33976
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:06 May 2020 09:40
Last Modified:01 Sep 2020 13:59

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