A qualitative investigation on the successful turnaround strategy from top leader perspectives: Examples from Indonesia

Artikel

Turnaround process involved many approaches of strategic and tactical attempts. However, such knowledge are difficult to identified since many previous studies only focused on what constitute successful turnaround, and limited to the use of financial data. As turnaround is a transformational process comprehend every element of organization, ploy on implementing and orchestrating such strategic action should be determined by company's top leaders. The purpose of this study was to explore the way in which leaders manage the company's turnaround process and their leadership style through a qualitative study in Indonesian business. Drawing from several top managers in various industry in Indonesia, the result showed that there are many attempt should consider on implementing turnaround process. Financial restructuration, employee's transformation initiative, and business reengineering process are imperative approaches. Furthermore, leaders need to consider top-down approach on decision making, attention to detail, and open communication to gain employees commitment.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Verslas: Teorija ir praktika / Business: Theory and Practice ; ISSN: 1822-4202 ; Volume: 19 ; Year: 2018 ; Pages: 114-122 ; Vilnius: Vilnius Gediminas Technical University

Klassifikation und Themen

• Klassifikation: Management ; Personnel Management; Executives; Executive Compensation ; Corporate Culture; Diversity; Social Responsibility
• Thema: turnaround strategy ; transformational process ; strategic leadership ; top leaders ; qualitative method

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Yulihasri ; Johan, Arief Prima ; Handika, Rebi Fara ; Herri
• Ereignis: Veröffentlichung
• (wer): Vilnius Gediminas Technical University
• (wo): Vilnius
• (wann): 2018

Weitere Informationen

• DOI: doi:10.3846/btp.2018.12
• Handle: http://hdl.handle.net/10419/247932
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ