Leadership News Today
Me, You and Leadership Today
Let's Talk Turnaround - Stage 2 Stabilisation
0:00
-16:38

Let's Talk Turnaround - Stage 2 Stabilisation

Why Cash is King!

Share Ernie - The Turnaround Guy

Turnaround strategy is a process of restructuring and transforming the company from loss to profitability. It allows the company to stabilise its performance by getting back the industrial units to their original units. Now, the success of the strategy relies on the commitment and dedication of the top management. 

When we talk about the survival of declining businesses and companies, turnaround strategy is very important for them. It brings positive changes to the company’s performance in order to get desired results. However, implementing a successful turnaround strategy is a complicated process that demands a strong business core and a sound management team. 

Some of the other elements of the turnaround strategy are trust, capital, management, leadership, and the support of shareholders and employees.  

Discussion about this podcast

Leadership News Today
Me, You and Leadership Today
The Latest Business Leadership and Turnaround Lessons, Discussions, Tips and News
Listen on
Substack App
RSS Feed
Appears in episode
The Turnaround Guy