Turnaround strategies and business failure
ID:CVTSB
Video Overview
Although every owner of a small business sets out to succeed, only a few manage to do so as many businesses decline, get distressed and eventually fail. The good news is however that a business can be saved at any stage if a sound business turnaround strategy is implemented. Such a strategy is implemented by either changing the management, analysing the root cause of the problem, developing a turnaround strategy, implementing the strategy, stabilising business operations and or embedding change in a business’ operations.
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