The cold, calculating image of turnaround specialists has had a makeover – communication and engagement are key new looks

The UK economy has become a breeding ground for poor management and wasted resources. The widening productivity gap has forced many business leaders to seek outside help or risk insolvency – but even then, businesses continue to fail. In many cases, this is because leaders are leaving it too late before they seek help. Others, however, are simply being let down by a system that is proving too impersonal.

In business turnaround, an alternative to the insolvency process, specialists are called upon to help distressed businesses achieve their potential where profound and radical change is required. But contrary to common belief, it’s not just about crunching numbers and modifying business, but also the people within that business – an approach that experts are referring to as ‘the human side’ of turnaround.

Read more at http://business-reporter.co.uk/2012/10/no-more-mr-nasty-guy/

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