Turnaround Management

The video tutorial discusses turnaround management, focusing on the formulation and implementation of strategic plans to renew and restructure organizations facing financial distress. It outlines steps such as assessing business viability, implementing emergency measures, developing survival plans, restructuring operations, and normalizing operations to achieve long-term success and profitability.

What are some key elements that need to change permanently for a successful turnaround?

What is the significance of preparing for departure from the turnaround management plan?