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Whatever the Name Tag, Turnaround Management is Desirable
leonard kambona, Manager, Kenya, Member
In Kenya, the method goes by the name tag restructuring (often used by the media. Now this 'restructuring' has taken different forms including bringing in consultants or 'technocrats' as often communicated to the public. I shall define TM as a process of transformation that involves management practices, programmes, techniques etc designed in models and tailored towards reviving company's profitability in the shortest time possible. You may want to use the hammer as one of the techniques to shock the system into action. Whatever the tool or method or model Turnaround Management is desirable.
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