With fast changing varied Customer Requirement, Market Complexity, Global Economic imbalances, cut throat competition, day by day increasing operating cost, demand for new products, changes in Technology and organizational inability to keep pace with all these vital aspects through their internal management process, lead to a situation over a period of time that the Economic health of the company starts deteriorating, also adversely affecting its products, despite good market potential. This leads into a situation that it needs proper diagnosis and well drawn treatment and management, to regain its health and ability i.e. A TURNAROUND.
A TURNAROUND is the financial recovery of a company that has been performing poorly for an extended time. To effect a Turnaround, a company must acknowledge and identify its problem, consider its management and develop and implement a problem solving strategy. It is a focussed exercise with well planned strategy that has to be dealt with Energy, Short-term and Long-term measures employing various time-tested strategies as per the requirement.
A TURNAROUND may involve examining in detail the Product Portfolio, Marketing policy and process, Operating efficiency and Cost, Internal processes, People ability including the Leadership Behaviors and Drive. For immediate recovery, Theory of Constraints(TOC) has been found to be giving encouraging results to come out of the wood.
We have strategic alliance with Turnaround Experts using different approaches to not only conduct regular Business Health checks but also to Turnaround LOW performing companies into Satisfactory performance.