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Definition of

turnaround management

General Management

implementation of rescue measures for failing organization the implementation of a set of actions required to save an organization from business failure and return it to operational normality and financial solvency. Turnaround management usually requires strong leadership and can include restructuring and job losses, an investigation of the root causes of failure, and long-term programs to revitalize the organization.

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Definitions of ’turnaround management’ and meaning of ’turnaround management’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’turnaround management’ and other financial terms with our online QFINANCE Financial Dictionary.

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