Turning around an ailing company is a challenge most people would run away from, but some executives are actually built for patching up the Titanic. The individuals who can thrive in this situation know how to embrace the chaos, roll up their sleeves and make the hard decisions that set the organization on the right course.
What traits does a turnaround CEO need to have?
In this episode, I’m joined by my producer, Matt Johnson to discuss the challenges and opportunities of being tasked with saving a sinking ship.
A turnaround specialist has to have a management style that gets people to rise to the occasion. -Craig Picken
Three Things You’ll Learn In This Episode
What we can learn from Elon Musk taking over Twitter
Turnaround CEOs are meant to step in, blow things up and build back better, but they don’t win popularity contests. How do they deal with the detractors?
Why some turnarounds fail
What are the 4 ingredients of a successful turnaround?
The best examples of turnaround specialists
How do you know that you have the temperament and skills to turn a struggling company around?