According to Deloitte, sailing a ship is effortless when seas are calm and the wind is blowing in the right direction. And in business, it’s easier to feel confident and in control when conditions are idyllic, profits are high and growth is steady. But what do you do when a storm hits? How do you turn things around and not only weather the storm, but emerge stronger?
Turnarounds are challenging– in fact, within business, 70% of them fail. And the weight of expectation can test even the most experienced leaders and teams. So, what can we learn about the mechanics of managing a successful turnaround from the people who’ve done it?
That’s what Deloitte is exploring in their recent episode of ‘The Green Room’ podcast as they ask: What does it take to turn things around?
Listen to this episode on their website