Turnaround applies to troubled companies. Turnaround of under-performing companies applies to companies with acute and worsening problems, but having the resources
Distressed situation turnaround applies to companies in crisis due to near insolvency or insolvency, but possibly viable.
Turnaround is driven by acute financial and insolvency considerations.
It is characterised by emergency management, the need for funding and financial restructuring, more rapid and incisive action than business transformation, a more assertive and directive approach than business transformation, and possible leadership changes rather than mere leadership alignment.
In turnaround, stakeholder management is extended from business transformation's internal stakeholders (management, employees and unions) to financial and external stakeholders such as investors, lenders, suppliers and customers.
For more information, please see Business transformation consulting services on the web site of CRS Business Transformation
Corporate Renewal Solutions offers a wide range of turnaround consulting services for under-performing and distressed companies:
For a detailed description of the various turnaround services, go to to Turnaround consulting services on the CRS Turnaround Management web site.
CRS Management Consulting consults in leadership, strategy, financial, organisation and operations:
For more information, go to Management consulting services on the CRS Management Consulting web site.
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