Tag: Turnaround
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When to Stop a Business Line — And Why It’s Harder Than Starting One
Businesses often thrive on launching new products, but ending a product line or service is a challenging decision. While financial data may support closure, emotional factors complicate the process. Acknowledging losses and focusing on strategic priorities can lead to a leaner, more committed organization ready to embrace future opportunities.
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Root Cause Analysis: Why Solving the Right Problem Matters More Than Solving It Fast
Most business problems get fixed twice. Once quickly — and once properly. The first fix addresses what’s visible: a dip in sales, a spike in staff absence, a missed production deadline. It might buy some breathing space. But if the underlying cause hasn’t been identified and addressed, the problem returns. Sometimes in a different form,…
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The Slippery Six: Internal drivers of corporate decline
In corporate turnarounds, internal factors often drive decline. The “Slippery Six” include inadequate controls, lack of transactional data, poor sales, over-reliance on big projects, poor management, and inertia. Addressing these urgently, particularly improving cash flow, data visibility, and sales monitoring, sets the stage for successful turnarounds.