A manufacturing company recently developed a new vision and radical new strategies to reduce the number of products sold in order to reduce costs.The company utilized ________ by developing the new vision and strategies.
A)turnaround management
B)crisis management
C)total quality management
D)stratification
E)restructuring

Question

Quizplus · Accepted Answer

Turnaround management is 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 allot them in order to survive and prosper.

A Manufacturing Company Recently Developed a New Vision and Radical