Turnaround Strategies: Difference between revisions
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==Triggers== | ==Triggers== | ||
*1. Intervention from External body | *1. Intervention from External body | ||
*2. Change of ownershup | *2. Change of ownershup | ||
| Line 18: | Line 18: | ||
*See Also [[Sharpbender]] | *See Also [[Sharpbender]] | ||
*See Also [[Five Generic Strategies | *See Also [[Five Generic Strategies of Recovery]] | ||
[[Category:Strategy]] | [[Category:Strategy]] | ||
Latest revision as of 21:19, 29 October 2011
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
