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In a turnaround, most owners instinctively push for efficiency. They want better margins, smoother processes, faster decisions, leaner teams. On paper, it makes sense. The problem is that efficiency only works in a system you actually control. And in most distressed or underperforming businesses, control is already gone — even if the owner doesn’t realise it yet.
By Business TurnaroundIn a turnaround, most owners instinctively push for efficiency. They want better margins, smoother processes, faster decisions, leaner teams. On paper, it makes sense. The problem is that efficiency only works in a system you actually control. And in most distressed or underperforming businesses, control is already gone — even if the owner doesn’t realise it yet.