Discussion on turnaround strategies for business in crises

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Reference no: EM133278458

Recommend turnaround strategies that are needed to rescue a retail business Answer to include.

1. An introductoary discussion on turnaround strategies for business in crises.

2. A discussion on the four actions taken to rescue a business. Actions to include are :

a) Selling off assets to raise cash to save the remainder of the business.

b) Revising the existing strategy when weak strategy is a root cause.

c) Launching efforts to boost revenues.

d) Pursuing cost reduction.

Reference no: EM133278458

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