A turnaround strategy is a type of renewal strategy used when an organization is in serious trouble.

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A turnaround strategy is a type of renewal strategy that is used to address serious organizational issues, such as financial distress, low profitability, or declining market share. It involves implementing significant changes to the organization's operations, structure, or management to improve its performance and restore its competitiveness.

A Turnaround Strategy Is a Type of Renewal Strategy Used