Only after a company has fallen into disarray will it be searched for causes or solutions using all the available forces.
The solution or the focus should be geared towards maintaining the company successfully or sustainably in the market. In this context, the introduction of the turnaround would be essential for the company concerned.
This includes the implementation of various measures designed to protect the company from impending insolvency, even insolvency.
The four phases of turnaround management:
