turnaround planning

Turnaround planning is the process of developing a detailed strategy to revitalize a struggling organization. It involves analyzing the company's current situation, identifying core issues, and creating targeted actions to improve financial health, operations, and overall performance. The plan outlines specific steps, resource allocations, and timelines to restore stability, efficiency, and profitability. Effective turnaround planning requires careful assessment, decision-making, and coordination across departments to ensure that corrective measures are implemented smoothly and sustainably.