Turnaround Strategies

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Triggers

  • 1. Intervention from External body
  • 2. Change of ownershup
  • 3. New CEO
  • 4. Recognition by Mgt of problems
  • 5. Perception of new opportunities

Actions taken

  • 1. Major changes of management
  • 2. Stronger financial controls
  • 3. New product focus
  • 4. Diversified
  • 5. Export abroad
  • 6. Acquisition
  • 7. Reduced debt
  • 8. Improved quality service , marketing
  • 9. Reduce production costs
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