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Fortune

David Podolsky

EXPLAINED: Why most corporate turnarounds fail before they begin | Rare Historical Photos

David Podolsky (Credit: courtesy of Alvarez & Marsal)

Most corporate turnarounds fail before they start — not because of market conditions or flawed tactics, but because senior leadership fails to initiate the turnaround in the first place. Overcoming the psychological barriers that prevent change is the first impediment leaders have to overcome.

Facing the fear of turnaround

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