Date Added: Apr 2010
People who are very good at turnarounds tend to view these things as projects, said panelist Lou Kacyn EMP-24, an executive search consultant with Egon Zehnder International. "They're very goal-oriented, they have timelines in mind and specific objectives they want to accomplish. But they have to be patient in other ways, like talking about strategy or growth. "You have to make decisions; a non-decision is a decision itself, and it backfires," says Mesterharm, managing director of AlixPartners, who specializes in filling interim executive roles at troubled companies.