turnaround strategy
Corporate rescue approach
A turnaround strategy is a plan to restore a failing business to profitability.
It typically involves cutting costs, restructuring debt, replacing leadership, or refocusing on core products: The new CEO implemented an aggressive turnaround strategy that included closing underperforming stores.
The term implies urgency—the organization faces collapse without decisive action.
- visioningCreating mental future images
- recapitalizationRestructuring corporate capital composition
- insolvencyInability to pay debts
- contingency planningPreparing for possible problems
- restructuringRearranging an existing framework
back to basics · organizational culture · debt management · bankruptcy · change agents · competitive advantage · course correction · new direction · divestment · cost-cutting · liquidity · damage control · cutting losses · employee training · fresh start · SWOT analysis · goal setting · morale boosting
turnaround strategygrowth strategy
Plan for organizational scaling
business as usual · maintenance mode · market expansion · continuous improvement · evolutionary change
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