Business Turnaround

Business Turnaround refers to the process of restructuring and revitalizing a struggling or underperforming company to restore its profitability and operational efficiency. This typically involves a comprehensive evaluation of the business’s current situation, identifying issues that hinder performance, and developing a strategic plan to address these challenges. The turnaround process may include cutting costs, divesting non-core assets, improving management practices, enhancing sales and marketing efforts, renegotiating debts, or even changing the company’s direction entirely. The goal of a business turnaround is to achieve sustainable growth and stabilize the organization, transforming it from a state of decline to one of recovery and success. Successful turnarounds often require decisive leadership, innovative problem-solving, and effective stakeholder engagement.