Turn around management

[Veena]

Turn around management refers to the measures taken by the mgt to turn a sick co into a healthy one.

[Vijay]

Hi,the definition is way too small.can you tell us what are the factors for turnaround mgt and the elements of a successful turnaround srtategy.

[Kiran]

Factors for turnaround mgt are,
Management factor
human resource factor
production facilities
Finance management,and miscellaneous other.
Elements to overcome these factors are,
Change in the top mgt
neutralising external preasures
Quick cost reduction and
Asset liquidation for generatin cash.