Cause and effect of organizational decline? : Implementing effective turnaround strategies

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Think for a moment about how to, in reality, turn around an oil tanker. Is it as easy as spinning around those large wheels we have all seen on TV? Probably not. In fact, it is probably hugely complex and requires significant planning and forethought. This may have been included in the nuances of the original phrase, but it has since been lost, and instead we are left with a rather hackneyed, clichéd phrase that simply implies something taking a long time when there is no time to spare. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.