Business Turnaround Aspects - some pointers
A. STRATEGIC TURNAROUND - BUSINESS MODEL INNOVATION (NEW BUSINESS STRATEGY)
IMPACT
- Reposition the business
- Extreme cost cuts
- Medium term sales increase
- Increase profitability
INCREASE SALES
- Find new and unexploited market niche; develop a new marketing strategy and price configuration
DECREASE COSTS
- Restructure the activity configuration; Focus on the main competency, outsource / partner the rest
B. OPERATIONAL TURNAROUND - OPERATIONAL INNOVATION (OPTIMIZE TACTICS ON PRESENT MODEL)
IMPACT
- Low to medium cost reductions
- Increase profitability
- Low to medium increase in sales
INCREASE SALES
- Retain and develop present accounts / clients
- Optimize present sales and pitch process and success rate
- Modify the price configuration
DECREASE COSTS
- Optimize productivity; project management process
- Reduce operational expenses
- Combine competencies


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