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Turnaround time: ways to jump out of a slump

Turnaround time: ways to jump out of a slump

No company welcomes a recession. But bad times can actually provide the impetus for firms to significantly improve their positions and accelerate into the next up cycle.

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Turnaround time: ways to jump out of a slump
en

No company welcomes a recession. But bad times can actually provide the impetus for firms to significantly improve their positions and accelerate into the next up cycle. Our research in the US has shown that dramatic leaps forward in financial and strategic position are twice as likely in a downturn as during other economic periods. Indeed, these are classic turnaround conditions. But you don't always need an economic slump to find yourself in need of rapid performance improvement. 

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