Diagnosing Turnaround Potential

To assess whether a struggling business can be salvaged, the initial step involves analyzing the company’s internal culture and value system, which may be misaligned with what truly needs to be accomplished. Understanding the perspectives of employees who are familiar with the organization can provide critical insights into its issues. Furthermore, it's essential to evaluate the company's position within its industry and market lifecycle to identify potential paths forward. Ultimately, successful turnarounds rely heavily on execution and the right personnel who are capable of navigating the uncertainties of change.