Turnaround recovery

Turnaround recovery

The recovery stage involves the embedding and monitoring of the turnaround plan devised during turnaround plan refinement and implemented during turnaround restructuring.

Turnaround recovery is characterised by:

  • An increased emphasis on profits in addition to the earlier emphasis on cash flow.
  • Operational efficiency improvements.
  • Building the organisation.

Typically, this is when the turnaround leader passes on the baton to someone new to head the stabilised and restructured company as it returns to normal.

The turnaround is completed when the company has returned to normal on a sustainable basis. 

Turnaround management may take 18 months to 3 years from the start of emergency management.


 

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The turnaround is not over until changes has been embedded.