Suppose you are asked to formulate a turnaround strategy for a sick organization. Explain the turnaround process which you will use for that organization
Formulating a turnaround strategy for a struggling organization involves a systematic process aimed at restoring financial health, operational efficiency, and market competitiveness. Here’s a structured approach to the turnaround process: 1. Assessment of the Current Situation 2. Identify Core Issues 3. Develop a Turnaround Strategy 4. Implement Changes 5. Enhance Customer Focus 6. Monitor and… Read More »Suppose you are asked to formulate a turnaround strategy for a sick organization. Explain the turnaround process which you will use for that organization