Turnaround Management


Definition: Turnaround Management is a process of formulating and implementing a strategic plan and a set of actions for corporate renewal and restructuring, typically during times of severe corporate financial distress.
Often outside interim managers, turnaround consultants or strategy consultants devise a turnaround plan and execute it, assuming that the firm still offers the potential to return to financial solvency, profitability and strategic viability.
Typical tools being used during TM are Root Cause Analysis, SWOT Analysis and PEST Analysis.


Learn more about Turnaround Management

More on business strategy: 3C's Model of Ohmae, Ansoff Matrix, Business Continuity Planning, Business Model, Business Model Canvas, more...

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.

MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.

Add MBA Brief to your desktop / iPad


© 2023 MBA Brief - Last updated: 31-5-2023  -  Privacy   |   Terms