摘要:The study examines causes of performance decline and turnaround strategies of Indonesianfollowing the 1997/1998 financial crisis.The sample chosen was from the large manufacturingfirms in Indonesia.The result of this study found that competitive changes,poor management,high cost structure,economic changes and failure of major projects were the significant factorscontributing to the performance decline during the crisis of 1997/1998,while restructuringstrategies was important strategies adapted to turnaround firms.