×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Turnarounds will always be around. Perhaps it’s just the mindset I’m in, but an increasing number of turnarounds and business rescues seem to be required. Times are tough. Turnarounds cover the full spectrum, from local stores to industries, major corporations, political parties and even sovereign countries. Failure, to the point where a turnaround is the only option, is often the consequence of incremental decay, tiredness and neglect. These may be easier to tackle than other causes, such as product obsolescence, irrelevance or simply a mistake. The worst failures, though, are the result of poor decisions, made practically deliberately by stubborn leaders. In an increasingly competitive global landscape, success is measured almost in real time. People who are feeling comfortable are confused. However well established products or services may be, management comfort zones lead to brand arrogance, which has disastrous consequences. Watch out — open the door just a little and the wanna...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.