Operational Turnaround

Operational turnaround refers to the process of transforming a company's operations to improve performance, efficiency, and profitability. It involves analyzing existing processes, identifying problems or inefficiencies, and implementing strategic changes such as streamlining workflows, reducing costs, or restructuring management. The goal is to restore the organization to a stable, competitive, and financially healthy state, often after periods of decline or crisis. This process requires careful planning, often with input from various departments, and focuses on making operations more effective, adaptable, and aligned with long-term business objectives.