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    The Turnaround Challenge: A Leader's Guide to Navigating this Important Career Transition

    Watkins, Michael D.

    • Reference: HBS-5351BC-E

    • Number of pages: 26

    • Publication Date: Oct 6, 2009

    • Source: HBSP (USA)

    • Type of Document: Book Chapter

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    Description

    When it comes to turnarounds, time is of the essence. Your initial actions as the new leader of a turnaround should be aimed at immediately stabilizing the business, preserving the core so it will survive. Then you can shift your attention to reworking the business, laying the foundation for growth. In this chapter, transition acceleration expert Michael Watkins shows you how to quickly diagnose the situation and define the central organizational-change challenges, providing tools for analyzing business systems and crafting a 3-D business strategy that will position the organization for long-term success. This chapter was originally published as Chapter 6 of "Your Next Move: The Leader's Guide to Navigating Major Career Transitions."

    Keywords

    Action planning Career advancement Change management Leadership Organizational change Turnarounds