Overcoming Turnaround Fears: A Leadership Guide
Update: 2025-11-19
Description
Leaders often hesitate to initiate corporate turnarounds due to psychological barriers and fear of admitting things are off track. This can lead to timid efforts that dont truly fix underlying problems. Companies like airlines during the pandemic showed this dynamic clearly, with some quickly accepting the crisis and taking bold steps, while others lingered in denial. Overcoming this hurdle starts with admitting theres a problem and understanding that a turnaround could help. Successful turnarounds require a collective effort from the board and leadership team, treating change as a team sport and embracing uncertainty.
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