회생기업 최고경영자의 리더십과 전략에 관한 탐색적 사례연구

During the past decade, the Korea has experienced a serious economic crisis and a number of domestic companies had to carry out radical corporate restructuring. Even though there have been many failures, some companies have succeeded in recovering from the financial and organizational damage through implementing the effective turnaround strategies. The purpose of this study is to examine the leadership and strategy of 20 successful turnaround cases. According to the analytic framework, we investigated the role of CEO's in the turnaround process and the content of strategy utilized by them. The causes of crisis were divided into the external and internal factors. In addition, the effect of leadership on the content and process of turnaround strategy was analysed to explain the performance of companies. As a result of analysis, it was found that the company preferred to change the CEO in the cases of crisis caused by internal factors. In other cases, the companies tend to keep existing CEO's during the turnaround process. The most replaced CEO's preferred to rationalize the internal management system and realize the outcome of strategy in a relatively short period of time. They were eager to apply the past experience of success as manager to accomplish the outcome of turnaround particularly through the effective change of internal management.