Turnaround-Management im deutschsprachigen Raum (English shop)

Empirische Studie zum Turnaround und Lebenszyklus in Deutschland, der Schweiz und Österreich

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Turnaround management is more topical than ever, particularly in view of the large number of corporate crises and turnarounds in recent years. Nevertheless, it must be noted that previous studies are frequently characterised by a lack of specificity in their conceptual and empirical investigations with regard to valid statements about the success of turnaround strategies and measures. Drawing on 185 companies from Germany, Switzerland and Austria, the present study examines the influence of the different life cycle stages and of turnaround strategies and measures on turnaround success. It emerges that only some of the turnaround strategies and measures known from the literature have a significant influence on turnaround success. According to the findings, there is a significant relationship between the life cycle stages and turnaround success. Moreover, successful strategies and measures differ depending on the life cycle stage.