timely implementation of turnaround strategy

Idea / Strategy

timely implementation of turnaround strategy
isaiah, Member, Accountant, Kenya

Early recognition of turnaround signals and timely action is key to the success of turnaround strategy

turnaround managenent deals with the subject diagnosis of apparent business decline and taking on mitigative measures.of importance is the timely sighting of potential or actual signals/pointers/indiactors and proactively enganging them to gain business success.Research in information requirements,legal framework as well as a generic structure for turnaround management.
it is also my idea that proactive turnaround management can be achieved through identification of key indicators to guide managers on when this strategy can be implemented.Could it be possible to incorporate T/A as part of corporate starategy?Could T/A managers/experts be outsourced such that they are always available for consultation?could T/A practise be acceptable as day to day process such that T/A experts do not send cold shivers(once on site) across the business fraternity thus injuring business goodwill?

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