Since the turn of the new millennium, the business casualty list - especially in the IT sector - has become increasingly bloated. A McKinsey Quarterly report released last year determined that out of 492 software companies defined as "struggling," only 13% were subsequently able to revive themselves. McKinsey noted that executing a turnaround in the software sector is an especially difficult task because at the first signs of trouble forces specific to the industry combine to create a deadly downward spiral.
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