@article{Yandava_2012, place={Huntsville, Texas}, title={A Capability-Driven Turnaround Strategy For The Current Economic Environment}, volume={29}, url={https://jbs-ojs-shsu.tdl.org/jbs/article/view/91}, DOI={10.54155/jbs.29.2.157-185}, abstractNote={<p>Many Businesses were prompted to reevaluate their products and services<br>as a result of the recent economic downturn. Changes were made to their business<br>models to realign capabilities and performance in some cases. Businesses need to<br>provide better products and faster services while faced with more discerning customers,<br>emerging markets, and dynamic regulatory environments. In a turnaround<br>situation, businesses need to reinvent strategies and position themselves to meet<br>short-term goals, while functioning in a competitive landscape for the long-term.<br>The capability-driven model leverages core business and operating capabilities to<br>optimize the entire value chain; innovation and Corporate Social Responsibilities<br>are integrated carefully for long-term sustainability. The proposed framework is<br>based on careful studies of companies that returned to profitability from a failing<br>situation.</p>}, number={2}, journal={Journal of Business Strategies}, author={Yandava, Booma}, year={2012}, month={Oct.}, pages={157–185} }