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

Business: Theory and Practice

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Title A qualitative investigation on the successful turnaround strategy from top leader perspectives: examples from Indonesia
 
Creator Yulihasri, Dr.
Johan, Arief Prima
Handika, Rebi Fara
Herri, Dr.
 
Subject turnaround strategy
transformational process
strategic leadership
top leaders
qualitative method
 
Description 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.
 
Publisher VGTU Press Technika
 
Date 2018-06-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.btp.vgtu.lt/index.php/BTP/article/view/7960
10.3846/btp.2018.12
 
Source Business: Theory and Practice; Vol 19 (2018); 114-122
1822-4202
1648-0627
 
Language eng
 
Relation http://www.btp.vgtu.lt/index.php/BTP/article/view/7960/6897
 
Rights Copyright (c) 2018 Published by VGTU Press