OK, maybe it just seems that way. ????Clayton Christensen, the renowned Harvard business prof comes down on turnarounds in the same way I do (though he's more sanguine about technology than I am). Here's the best blurb:
Third, don't fund the institutions that are least likely to change. Our research shows that institutions are good at improving what they are structured to do, but that transformative innovations that fundamentally change the trade-off between cost and quality -- disruptive innovations -- come from start-up institutions.