Twice in my career I made the decision to work for a ‘turn around’.
That is, I chose to work for brands that were in either financial distress or
had a tarnished reputation. It wasn’t an easy decision, but I liked the idea of
restoring a brand to its former glory. With that, I had two similar yet
different experiences that will help inform my future employment choices.
Working for a turnaround can be both rewarding and frustrating.
Most companies who are in a failing position are aware they need to do
something to change the trend. While the company and top management may be
committed, the change needs to filter through the entire organization in order
to achieve goals associated with a turn around.
What are signs that the entire organization is committed to
turn around? How clear is leadership in the organization? Who is in charge?
What is his/ her track record? What skills would be valuable in the turnaround
environment? How can your skills compliment that? What are some additional
considerations you should work through before accepting a role in a turn
around?
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