Turnaround Time: Ways to Jump Out of a Slump [Archive.org URL]

The steps needed for rapid performance improvement fall into the category of simple to conceive but not easy to do. Leaders of fast turnarounds first systematically diagnose the business’s current condition. This diagnosis, informed by the four fundamental laws of business discussed below, gives them a deep understanding of their point of departure. They next map out a realistic point of arrival, again using those four laws, which shows where the business will be at the end of a specified period of time. Finally, they craft a small number of vital initiatives that will get them where they want to go. One might call those initiatives the road to results. Let’s look at the journey’s steps.

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