Turnaround Strategies: Difference between revisions
From MediaWiki
Jump to navigationJump to search
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
==Triggers== | ==Triggers== | ||
*1. Intervention from External body | *1. Intervention from External body | ||
*2. Change of ownershup | *2. Change of ownershup | ||
Revision as of 21:18, 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 for Recovery
