Renewal Strategy

Research once failed companies Tyco and Best Buy. In a 2-3 page document, describe in detail, their organizational renewal strategies to create a successful turnaround. Compare the new corporate strategy to the old. Did it work?

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The success of a company is highly reliant on its leadership. When businesses are at a breaking point, it is essential for leaders to develop and implement strategies that can turn around the performance of the can save it from closure. Historically, a good number of successful multinational companies, find themselves at a point where they need to implement changes to maintain their position in the market. Tyco and Best buy are case studies on the positive impact of corporate governance. With proper management, businesses that seem to fail can become profitable and competitive once again…

(900 WORDS)