Professional Documents
Culture Documents
Ibm
Ibm
W H AT I S T U R N A R O U N D S T R AT E G I E S
Implementation of a set of actions required to save an organization from business failure and return it. Analyse the current position. -- Where are we now? Analyse the current position. -- Where are we now? ( for instance, transform IBM from a loss making company to a profit generating company)
S T R AT E G I E S U S E D B Y L O U I S V (POINT TO BE NOTED)
Acquisition and merger Turnaround organizational change (oc) Decentralized to centralized decision making
Customer orientation, Reducing work force Changing employee compensation structure Decentralizing decision making Developing e-business strategies Focusing on problems at hand Minimizing restrictions over employees
SWOT ANALYSIS
STRENGTH Self- belief Immediate problem solving Visionary Competent leadership Discipline OPPORTUNITIES Diversified strategies Betterment of own product WEAKNESSES Long term plan setting Impulsive decision maker