Corporate routines in turnaround management

Richard Federowski - 2009

A key task of turnaround management is to prevent situations that can threaten a company's survival. Routines, a typical form of human behavior, shape companies to a significant degree. Managing them can become a key factor in overcoming a crisis.

Richard Federowski combines the latest findings of research on routines with those on reactive crisis management, and analyzes the typical phenomena of change during a crisis. Observations and interviews form the core of his work. Based on this data and the relevant literature, he highlights the effects and mechanisms of routines that can have a negative or positive impact on the ability and willingness to change in turnaround management. Finally, he reviews and fine-tunes the tools used in real-life turnaround management and develops his own approaches. In his conclusion, the author points out what can be done to become more aware of routines and develop more promising approaches to overcoming a crisis.