Article 2, Volume 5 Issue 2

Turnaround Types, Stages, Strategies, and Tactics: Putting Things in Order

Author

Sharon Gotteiner – (Universitat Internacional de Catalunya)

Marta Mas-Machuca – (Universitat Internacional de Catalunya)

Frederic Marimon – (Universitat Internacional de Catalunya)

Received December 3, 2018; accepted March 5, 2019.

Abstract

The turnaround research is still challenged by the inconsistent terminology, hierarchy, and classification of turnaround activities. This study aims to correct such inconsistencies and proposes a synthesized, coherent hierarchy of classifications, namely turnaround stages, strategies, and tactics. Turnaround tactics that are rarely covered by academic studies get indexed and linked to turnaround strategies and stages, while at the same time correcting inconsistencies within the predominant literature. The structure proposed herein can support empirical research of a higher resolution that will go down to specific turnaround tactics and contingencies, as well as support actual decision-making processes faced by executives in challenging business situations.

La investigación del cambio aún se ve desafiada por la inconsistente terminología, jerarquía y clasificación de las actividades de cambio. Este estudio tiene como objetivo corregir tales inconsistencias y propone una jerarquía de clasificaciones coherente y sintetizada, a saber, etapas de respuesta, estrategias y tácticas. Las tácticas de respuesta que rara vez están cubiertas por los estudios académicos se indexan y vinculan con estrategias y etapas de respuesta, al tiempo que corrigen las inconsistencias dentro de la literatura predominante. La estructura propuesta en este documento puede respaldar la investigación empírica de una resolución más alta que se reducirá a tácticas de respuesta específicas y contingencias, así como a los procesos de toma de decisiones reales que enfrentan los ejecutivos en situaciones comerciales desafiantes.

Citation

Gotteiner, S., Mas-Machuca, M., & Marimon, F. (2019). Turnaround Types, Stages, Strategies, and Tactics: Putting Things in Order. European Accounting and Management Review5(2), 12-37.

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Article 3, Volume 2 Issue 2:

The OPTIMAL MBO: A model for effective management-by-objectives implementation

Author

Sharon Gotteiner – (Universitat Internacional de Catalunya)

Received March 18, 2015; accepted May 23, 2016.

Abstract

The Management-by-Objectives (MBO) approach is wide spread, but has been challenged to demonstrate its consistent, positive effect on organizations’ performance. The OPTIMAL MBO is a revised formula, proposed for vitalizing the original MBO approach. It includes some additional components related to business strategy, financial performance, and incentives, as well as some tune-ups to existing components, and aims at wining executive support. The OPTIMAL MBO stands for its integrated set of components, namely: (O) Objectives, Outside-in; (P) Profitability (budget) related goals; (T) Target Setting; (I) Incentives & Influence; (M) Measurement; (A) Agreement, Accountability, Appraisal, Appreciation; and (L) Leadership Support. Empirical testing of impact on operational and financial performance is called for.

El enfoque de gestión por objetivos (MBO) está muy extendido, pero se ha desafiado a demostrar su efecto constante y positivo en el rendimiento de las organizaciones. OPTIMAL MBO es una fórmula revisada, propuesta para vitalizar el enfoque original de MBO. Incluye algunos componentes adicionales relacionados con la estrategia comercial, el desempeño financiero y los incentivos, así como algunos ajustes a los componentes existentes, y tiene como objetivo obtener el apoyo ejecutivo. OPTIMAL MBO representa su conjunto integrado de componentes, a saber: (O) Objetivos, de afuera hacia adentro; (P) Objetivos relacionados con la rentabilidad (presupuesto); (T) Configuración de objetivos; (I) Incentivos e influencia; (M) Medición; (A) Acuerdo, rendición de cuentas, evaluación, apreciación; y (L) Apoyo de liderazgo. Se requieren pruebas empíricas de impacto en el desempeño operativo y financiero.

Citation

Gotteiner, S. (2016). The OPTIMAL MBO: A model for effective management-by-objectives implementation. In II Research Workshop Missions, leadership and sustainability (p. 25).

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