Turnaround Strategies
From Wikireedia
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
- See Also Sharpbender
- See Also Five Generic Strategies of Recovery