Corporate turnaround strategies

Corporate turnaround strategies are plans a company implements to reverse decline and regain profitability. This involves analyzing issues such as declining sales, rising costs, or operational inefficiencies, then making targeted changes like restructuring debts, cutting unnecessary expenses, revitalizing products or services, or improving management. The goal is to restore financial health, stabilize operations, and position the company for future growth. Essentially, it’s about diagnosing problems and applying strategic actions to transform the company's performance and ensure its long-term sustainability.