Cedarmont Clothing Limited is rapidly losing its market share to more aggressive competitors and its CEO...

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General Management

Cedarmont Clothing Limited is rapidly losing its marketshare to more aggressive competitors and its CEO want to turnaroundthe fortunes of the company. As a strategic management consultant,describe turnaround strategy and explain three ways that thisstrategy can be employed.

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Answer Turnover strategy also alluded to as conservation strategy is a strategy utilized by the business organizations to resuscitate the business from failing or loosing It is utilized when the business realizes that the initial decision made by the organization has refuted and in this way attempt to recover the situation through transforming and adjusting the operations of business to divert the business from misfortune making to profitable business enterprise In other words this strategy aims at corporate renewal and advancement of a pained or complex organization through correcting the mistakes done in past See Answer

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