GUIDO QUELLE, managing partner at Mandat GmbH, boutique German consulting firm and author of two books on strategy and leadership has led several dozen turnaround projects. He cites seven critical success factors
1. Be candid:Create a sense of urgency throughout the whole organisation
2. No excuses:Make top management play an active part in the project organisation.
3. Make it top priority:Identify one turnaround project and concentrate on it.
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4. No secrets:Share every piece of useful information within the project team.
5. Deliver quality:Don't lower the company's standards.
6. Give power to sales:Focus on market needs, not only on costs.
7. Get rid of boycotters:Do it instantly and do it at all costs.
