Filatotchev and Toms (2006) extend this two-stage turnaround with a "realignment" stage.
The investment firm aimed to stage a turnaround for the company, which had fallen behind rivals like McDonald's.
Mr. Wallace and Mark Fields, another Ford executive who later headed Mazda, are credited with trimming losses at the Hiroshima-based manufacturer and revamping its vehicle lineup, helping to stage a turnaround in the early 2000s.
Economists are not confident the Thai economy will be able to stage a turnaround in the next few months.
But it was too late for the hosts to stage a turnaround and they were left to make do with a losing bonus point.
The firm already warned that its third-quarter revenue would decline from the second-quarter figure of $5.6 billion if the market didn't stage a turnaround.
SGI is trying mightily to stage a turnaround under Bob Bishop, a board member who took over as chief executive a year ago in August when Rick Belluzzo jumped ship to join Microsoft.
At that stage a turnaround team was put together from Lloyds Banking Group and Deloitte.
Staging a turnaround at Sony will be a daunting task.
Since the recalls, the automaker had staged a turnaround as it steadily resolved its legal issues.
To be sure, the company has not yet staged a turnaround.
