Turnaround: Retrenchment and Recovery 289 reasons, turnarounds were more frequently associated with 'strategic' moves. Turnaround Strategy: Turnaround means reverse the negative trend. Turnaround Strategies Turn around strategies derives their name from the action involved that is It is considered to be the last resort because it leads to serious consequences such as loss of employment for workers and other employees, termination of opportunities where the firm could pursue any future activities and also the stigma of failure which … Indicators (iii) Liquidation Strategies: It involves the closing down of a firm and selling its assets. Retrenchment strategies include: Turnaround strategies, Captive company strategy, divestment strategy, transformation strategy and liquidation strategy. 2 Strategies for Business Turnaround and Recovery: A Review and Synthesis Richard Schoenberg, Nardine Collier, Cliff Bowman Cranfield University School of Management Introduction The economic crisis that began in 2008 has Turnaround Strategies Turnaround strategy means backing out, withdrawing or retreating from a decision wrongly taken earlier in order to reverse the process of decline. There are three types of retrenchment strategies – Turnaround Strategies, Divestment Strategies and Liquidation strategies. The Turnaround Strategy is a retrenchment strategy followed by an organization when it feels that the decision made earlier is wrong and needs to be undone before it damages the profitability of the company. 1. Turnaround strategy: The process of retrenchment strategies in strategic management can be broken into 3 levels of strategy or 3 divisible components. Example: Dell is the Article shared by Different Types of Retrenchment Strategies of Business are given below: 1. Their results were concluded with a list of 'strategic' cures to achieve turnaround where the downturn was a These are the turnaround strategy, divestment strategy and last but not the least, liquidation. TURNAROUND STRATEGY Definition of 'Turnaround Strategy According to Dictionary of Marketing (by P.H.Collin) “turnaround strategy means making the company profi… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. As nouns the difference between divestiture and liquidation is that divestiture is the act of divesting, or something divested while liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

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