Turnaround Strategies

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Triggers - 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 mgt 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

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