“Not what you have to say, but how you say it” – How stakeholder management makes the difference

A successful turnaround process needs more than just a positive financial outcome to achieve the buy-in of stakeholders, writes Amanda Coneyworth and Colm McKeon.

Change, whether it is asked for or not, is often a bitter pill to swallow for a business and its board. In the context of change, a financially and operationally sound turnaround plan alone isn't enough to sway the minds of a distressed business' stakeholders, many of whom would be sceptical – whether it is through a lack of confidence in the plan or an unwillingness to challenge the way things have always been done. From our experience, it isn't just what you have to say during negot...

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Authors: Amanda Coneyworth, Colm Mckeon

Published Date: 05 June 2025