A Data Science Central Community
The leadership analytics style needed for a distressed company is very different from that needed for a healthy firm. The focus for a healthy firm should be on achieving the firm’s objectives while the focus for a distressed company is recovery, timely action, and problem resolution. Senior management’s authority in a healthy firm is one of delegation, while in a crisis situation the executives need to get directly involved. And the decision-making skills of a healthy company executive are those based on analytical thinking and deliberateness, while a crisis calls for speed, decisiveness, and intuitiveness.
Clearly, a analytics-based turnaround unit could offer the best experience, an unparalleled commitment to action and solutions, and a unsurpassed track record of success serving as interim / crisis managers while providing analytics-driven knowledge for replacement staff. These services could be simple or complex and include:
Please review some of the literature related to these concentrations;