Even good managers can miss the early signs of distress, says McKinsey’s Doug Yakola, who’s been running recovery programs for 20 years. The first step is to acknowledge there’s a problem. A McKinsey & Company article.
Tags: crisis recovery transformation ,turnaround distressed companies,early signs distress,Change management,Management processes,Decision-making,Financial restructuring,Turnarounds,restructuring, poor performance, short term return pressure, long term health, cash returns, change story, old incentive plans, talent management
