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 [...]
