In executing turnaround management, managers may use the strategic change framework because time is not a factor.

Question

Quizplus · Accepted Answer

The statement is false. Time is indeed a crucial factor in executing turnaround management, and managers need to act quickly to implement strategic changes and turn the company around before it's too late. The strategic change framework is often used precisely because it provides a structured approach to enacting change in a short amount of time.

In Executing Turnaround Management, Managers May Use the Strategic Change