We have all read the same books?! – Yet, performance in turnaround management varies widely.

If the executive team gets stuck in any of the five stages of the "process of depression" during the turnaround management, it is likely to lead to bankruptcy of the firm. Individual psychological deficits (e.g. narcissistic characteristics) can be a reason for not reaching the state of Acceptance, more often, it is observed, the turnaround management consumes too... Continue Reading →

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