The creation of a new vision for a struggling company based on a new approach to planning and organizing to make better use of a company's resources and allow it to survive and prosper is _______________ management.
A) performance
B) total quality
C) scientific
D) turnaround
E) impression

Question

Quizplus · Accepted Answer

Turnaround management is the creation of a new vision for a struggling company using a new approach to planning and organizing to make better use of a company's resources and allow it to survive and eventually prosper.It involves developing radical new strategies such as how to reduce the number of products sold or change how they are made and distributed,or close corporate and manufacturing operations to reduce costs.

The Creation of a New Vision for a Struggling Company