Abstract
In a turnaround situation, the last thing the company needs is status quo. Turnaround management is ‘change management’ under considerable pressure. A new leader is not enough to guarantee intelligent and rapid change. The company needs new goals and strategies, a higher operating pace and a reinforced management team (as shown in the previous chapter). Generally speaking, all employees need a clear picture of a common future worth fighting for, they need to be able to see the way forward, and even to have a new ‘marching song’. So how do you translate and communicate the turnaround manager’s vision not only to his closest colleagues, as discussed in the previous chapter, but also to the troubled organization as a whole?
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Notes
The following text (section 5.6) is based on Arpi International’s publication The Performance-Driven Eurocompany, Brussels 1996.
For an excellent discussion of productivity and value benchmarking, its tools. techniques, terminology and practical use for business decisions, the interested reader is referred to Bengt Karlof’s book Benchmarking: A Signpost to Excellence in Quality and Productivity, John Wiley, paperback version 1994. The following year a ‘Workbook’ volume was published by the same author and editor.
Although not yet called ‘Benchmarking’, this was standard practice when Dr Arpi was in charge of the Volvo Group’s first central marketing research department. This is documented in Bo Arpi, Planning and Control through Marketing Research, Hutchinson of London, 1970.
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© 1999 Arpi International SA, Rhode-St-Genèse/Belgium
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Arpi, B., Wejke, P. (1999). The Blueprint for the Future Company, quantitative benchmarks and choice of strategy. In: International Turnaround Management. Palgrave Macmillan, London. https://doi.org/10.1057/9780230288850_5
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DOI: https://doi.org/10.1057/9780230288850_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-42016-2
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