British Steel Corporation: Probably the biggest turnaround story in UK industrial history

Pandit, Naresh R. (1998) British Steel Corporation: Probably the biggest turnaround story in UK industrial history. Strategic Change, 7 (2). pp. 65-79. ISSN 1086-1718

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Abstract

This paper examines the turnaround of the British Steel Corporation (BSC) over the period 1974–89 which has been described by the Financial Times as: ‘probably the biggest turnaround story in UK industrial history’. This now celebrated case demonstrates that: The turnaround of BSC was achieved through measures aimed not only at cutting costs but also at increasing revenues. A period of retrenchment was necessary before growth strategies could be profitably pursued. Timing was an important factor affecting the success of the turnaround effort; and, the turnaround was achieved whilst BSC was still publicly owned.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Marketing, Entrepreneurship and Business Strategy (former - to 2019) Faculty of Social Sciences > Research Groups > Strategy and Entrepreneurship Faculty of Social Sciences > Research Groups > Marketing
Depositing User:	Naresh Pandit
Date Deposited:	08 Apr 2011 08:51
Last Modified:	15 Dec 2022 02:01
URI:	https://ueaeprints.uea.ac.uk/id/eprint/28583
DOI:	10.1002/(SICI)1099-1697(199803/04)7:2<65::AID-JSC357>3.0.CO;2-T

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