Recognizing When Turnaround is a Must

Turnaround Management
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Jagdish B Acharya
Consultant, India

Recognizing When Turnaround is a Must

The most important part of the whole exercise is to recognize when / if a turnaround is required or if some path adjustment will do. Doing frequent turnarounds may not be good for an organisation as it has some disruptive effects also.
In my opinion when the profit is continuously going down for more than three terms or is contrary to the general business trend, there is a need for turnaround.
Another method could be using control chart techniques of SQC to recognise if the deviation in profits is significant and needs a turnaround.

  Jagdish B Acharya
Consultant, India
 

Identifying the Need for a Turnaround

One of the most common way to know that a turnaround need exists comes from auditors or shareholders through some damning reactions. When the share price falls down drastically, it is a sure sign of need for turnaround. But it may be too late to get fast relief. Let us look at other signs or reports which may point to the first step of need for turnaround action.

  Amey Bhide, India
 

Factors to Recognize a Need for Turnaround

Other parameters to recognize the need for a turnaround could be decreasing demand or decreasing market share, non-profi...

 

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