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Stages in the turnaround process:: The Case of IBM UK

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  • Balgobin, Rolf
  • Pandit, Naresh

Abstract

Whilst research on the content of successful turnaround strategies ('what to do') is common, research on the process by which such strategies are implemented ('how to do it') is rare. This paper attempts to redress this imbalance by developing a turnaround stages framework and then testing this framework against the case of IBM UK which experienced a now celebrated turnaround over the period 1988-1997. The framework proposes that successful turnarounds follow a generic five stage sequence characterised by performance decline that leads to a period of crisis which triggers radical change. The specifics of this radical change are embodied in a formal turnaround plan that, at an abstract level, and in a manner of taking one step back in order to take two steps forward, involves firstly emphasising retrenchment to achieve stability and subsequently shifting the emphasis towards profitable growth. When tested against the case of IBM UK, the framework is found to be robust and stable.

Suggested Citation

  • Balgobin, Rolf & Pandit, Naresh, 2001. "Stages in the turnaround process:: The Case of IBM UK," European Management Journal, Elsevier, vol. 19(3), pages 301-316, June.
    • Handle: RePEc:eee:eurman:v:19:y:2001:i:3:p:301-316
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    Cited by:

    1. Yaniv Reingewertz & Itai Beeri, 2018. "How effective is central enforcement? Evidence from convened committees in failing local authorities," Environment and Planning C, , vol. 36(2), pages 357-380, March.
    2. Dittrich, Koen & Duysters, Geert & de Man, Ard-Pieter, 2007. "Strategic repositioning by means of alliance networks: The case of IBM," Research Policy, Elsevier, vol. 36(10), pages 1496-1511, December.
    3. Alessandro Danovi & Francesca Magno & Giovanna Dossena, 2018. "Pursuing Firm Economic Sustainability through Debt Restructuring Agreements in Italy: An Empirical Analysis," Sustainability, MDPI, vol. 10(12), pages 1-10, December.

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