Five Generic Strategies of Recovery
From Wikireedia
- Stage 1 - Restructure leadership and organizational culture. The change of leadership can take place almost immediately
- Stage 2 - Cost reduction - Asset redeployment - Selective product/market strategy(defensive-divest/Offensive-Improve quality. This stage can take about a year
- Stage 3 - Resposition This is the longest stage and cab take a year or two or three
See Also Turnaround Strategies
