Excellent Management is the Key to Successful Turnaroundsby Kevin O’Boyle
Excellent management is usually critical to successful turnarounds. While management changes aren’t always necessary, we often view management changes positively. You’re much more likely to get a frank, thorough appraisal of what has gone wrong and why, so you’ll probably understand the situation better. My confidence also increases when a strong new manager has been attracted to a given situation and is highly motivated to perform.