16min chapter

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Lessons from a Turnaround Expert

HBR IdeaCast

CHAPTER

Navigating Business Turnarounds

This chapter explores the essential elements of diagnosing struggling businesses, emphasizing the critical role of organizational culture in successful turnarounds. It discusses the challenges leaders face and the importance of effective communication, financial fundamentals, and adaptability to foster positive transformations. Additionally, the chapter examines whether existing leadership can drive significant change or if new perspectives are needed to overcome psychological barriers and create a unified vision.

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