A Burnaround is like pre-hypertension. You don't have high blood pressure yet, but if you have "pre", you will very likely develop high blood pressure unless you do something about it. Think of a turnaround as the high blood pressure. If your company needs a Burnaround, you will very likely need a turnaround very soon. And keep in mind that many companies never survive a turnaround. A turnaround is like cancer. The patient can die from the disease, or the treatment can kill him too.
The disease of a turnaround is poor or non-existent profits driven by a host of operational and organizational practices. That can kill a company. The cure is major organization and operational surgery. That can kill the company too. You don't want to get in a turnaround.
The good news is the pre-Burnaround warning signs are easy to spot. In the next few postings I will tell you all about them.
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