The Art of the Corporate Turnaround (Business Opportunities - Money Making)

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The Art of the Corporate Turnaround


When facing a corporate turnaround, some businesses look to outside consultants for a fresh set of eyes and expertise in identifying problems, increasing profits, decreasing costs, and improving cash flow. While a third party may have technical experience in transforming an organization, an outside specialist cannot truly understand the dynamics and synergies involved within an organization.

Often, the first recommendation from an outside consultant is to change the leadership team. But that may not be the best decision, especially if those executives were the ones who led the company to uncharted heights. Another consideration is how long it would take a new executive team to settle in and get to know the key players in the corporate structure.

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Last Update : 14 December 2023 5:23 PM
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Item  Owner  : corporate turnaround
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