Business turnaround

A business turnaround refers to a process in which a struggling company makes significant changes to improve its performance and financial health. This often involves identifying and addressing the root causes of the problems, such as poor sales, high costs, or ineffective management. Key strategies may include restructuring operations, reducing expenses, improving products or services, and sometimes seeking new investment. The goal is to restore profitability, stabilize the company, and set the stage for long-term success. A successful turnaround requires strong leadership, a clear vision, and a commitment to making tough decisions.