turnaround plan
Corporate rescue blueprint
A turnaround plan is a strategy for rescuing a failing business or organization.
It typically involves cutting costs, restructuring operations, and identifying new revenue sources: The new CEO presented a turnaround plan to the board.
The term implies urgency—without intervention, the entity faces collapse.
Turnaround plans often require difficult decisions: layoffs, asset sales, or abandoning unprofitable ventures.
- restructuringRearranging an existing framework
- debt restructuringRenegotiating borrower payment terms
- recoveryRegaining what was lost
- revivalReturn after decline
- comebackRecovery after decline
fresh start · rescue · overhaul · back to basics · pivot · course correction · transformation · bankruptcy · creditors · layoffs · cost-cutting · downsizing · burn rate · bailout · cash-flow · bottom line · stop the bleeding · strategy
- business casesmarket entry, feasibility study, due diligence, growth strategy, cost reduction
- business decisionsmerger, acquisition, restructuring, layoffs, hiring
- initiativesinitiative, campaign, program, drive, effort
- restructuringrestructuring, reorganization, consolidation, turnaround, Chapter 11
turnaround planbusiness as usual
Continuation of normal routine
dissolution · bankruptcy filing · exit strategy · holding pattern · maintenance mode
turnaround plantweaking
Slight adjustment process
fine-tuning · drift · inertia · stagnation
turn, around, plan, turns, turned, turning, turner, turnable, turnover