Fixing That Which is Broken: The Mindset of Turnaround Specialists

Turning around an ailing company is a challenge most people would run away from, but some executives are actually built for patching up the Titanic. The individuals who can thrive in this situation know how to embrace the chaos, roll up their sleeves and make the hard decisions that set the organization on the right course.

 

What traits does a turnaround CEO need to have?

 

In this episode, I’m joined by my producer, Matt Johnson to discuss the challenges and opportunities of being tasked with saving a sinking ship.

 

A turnaround specialist has to have a management style that gets people to rise to the occasion. -Craig Picken

 

Three Things You’ll Learn In This Episode 

 

• What we can learn from Elon Musk taking over Twitter
  Turnaround CEOs are meant to step in, blow things up and build back better, but they don’t win popularity contests. How do they deal with the detractors?
  
  
• Why some turnarounds fail
  What are the 4 ingredients of a successful turnaround?
  
  
• The best examples of turnaround specialists
  How do you know that you have the temperament and skills to turn a struggling company around? 

 

Learn More About Your Host:

 

Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior level leadership, sales and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well known aircraft OEM’s, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers.

 

Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity, and hit the business goals of the companies he serves.