Corporate Turnarounds in the High-tech Industry in UK

Prior research on corporate turnaround relates to those organizations that have managed to move from poor performance to high performance within a relatively short time period by a case-study approach. The study also explores the role of leadership as a key factor in making turnaround successful as...

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Main Author: Xiao, Haixia
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2009
Online Access:https://eprints.nottingham.ac.uk/23208/
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author Xiao, Haixia
author_facet Xiao, Haixia
author_sort Xiao, Haixia
building Nottingham Research Data Repository
collection Online Access
description Prior research on corporate turnaround relates to those organizations that have managed to move from poor performance to high performance within a relatively short time period by a case-study approach. The study also explores the role of leadership as a key factor in making turnaround successful as characterized by the change in CEO and in the board of directors. Finally, it explores the incentive systems of those firms during the turnaround. This study analyzed six public companies which consist of 3 cases of turnaround and 3 cases of sustained good performance cases in the UK High-tech industry, over a period of 2000-2008. In the case study, I found the success of turnaround is primarily due to the rational utilization of appropriate turnaround strategies (i.e. new product development and/or acquisition) to reflect those external and/or internal changes that have a significant influent on corporate decline. Also it discovered that there is a positive relationship between the changes of the board members and firm performance during turnaround attempts. Finally, no any change has been appeared in the incentive system during the turnaround. Key words: Strategy, Turnaround, Leadership, High-tech industry
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spelling nottingham-232082018-04-26T09:57:43Z https://eprints.nottingham.ac.uk/23208/ Corporate Turnarounds in the High-tech Industry in UK Xiao, Haixia Prior research on corporate turnaround relates to those organizations that have managed to move from poor performance to high performance within a relatively short time period by a case-study approach. The study also explores the role of leadership as a key factor in making turnaround successful as characterized by the change in CEO and in the board of directors. Finally, it explores the incentive systems of those firms during the turnaround. This study analyzed six public companies which consist of 3 cases of turnaround and 3 cases of sustained good performance cases in the UK High-tech industry, over a period of 2000-2008. In the case study, I found the success of turnaround is primarily due to the rational utilization of appropriate turnaround strategies (i.e. new product development and/or acquisition) to reflect those external and/or internal changes that have a significant influent on corporate decline. Also it discovered that there is a positive relationship between the changes of the board members and firm performance during turnaround attempts. Finally, no any change has been appeared in the incentive system during the turnaround. Key words: Strategy, Turnaround, Leadership, High-tech industry 2009-09-24 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/23208/1/Dissertation.pdf Xiao, Haixia (2009) Corporate Turnarounds in the High-tech Industry in UK. [Dissertation (University of Nottingham only)] (Unpublished)
spellingShingle Xiao, Haixia
Corporate Turnarounds in the High-tech Industry in UK
title Corporate Turnarounds in the High-tech Industry in UK
title_full Corporate Turnarounds in the High-tech Industry in UK
title_fullStr Corporate Turnarounds in the High-tech Industry in UK
title_full_unstemmed Corporate Turnarounds in the High-tech Industry in UK
title_short Corporate Turnarounds in the High-tech Industry in UK
title_sort corporate turnarounds in the high-tech industry in uk
url https://eprints.nottingham.ac.uk/23208/