Notice of RetractionManagerial Turnover and Strategic Turnaround

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Many argues that the surest route to strategy turnaround involves managerial turnover, yet little guidance is available for deciding exactly when CEOs should be replaced and who should succeed them. This article offers suggestions for decision makers (i.e., the board) who must deal with a business´s continuing poor performance by determining whether the current CEO or a replacement should lead a turnaround effort. We present a competitive analysis that managerial turnover should be cost-justified based on the online decision theory. Furthermore, considering the type of adaptation difficulty and the severity of strategic problems, we point out that a new CEO possessing appropriate predispositions and skills should be selected.