A struggling manufacturing company recently developed a new vision and radical new strategies to reduce the number of products sold in order to reduce costs. This strategy worked and the company remained in business. 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 involves developing new strategies to improve a company's performance and prevent it from failing.

A Struggling Manufacturing Company Recently Developed a New Vision and Radical