Updated: 31 October 2022, 12:42 AM IST
livemint
Everyone gets excited when the CEO of a company… MoreEveryone gets excited when the CEO of a company says it has cut its costs. Peter Cuneo, who has rotated 7 companies, including Black & Decker, says this is a disaster strategy, which is why 9 out of 10 fail in their turnaround strategy. Most turnaround strategies fail due to poor diagnosis and lack of actionable steps. The expert of this video, Sridhar Ramachandran has interviewed the promoters and CEOs who say that banks did not lend working capital on time or a major customer went away and so on. He asks them… Are these reasons justified for the low performance? What about competition, product quality, customer service, cost competitiveness, management bandwidth and technology? In this video, Sridhar Ramachandran tells you some of the key reasons why companies go wrong with their turnaround strategies.