Turnaround management is a strategy for company transformation aimed at reversing a crisis situation and restoring profitability and stability. Within this concept, there are several important questions that need to be addressed:

1.What strategic approach will the company adopt, what products will it offer, and which markets will it operate in?

2.What changes in business operations and organizational structures are necessary to implement the Turnaround concept?

3.How will the cost structure of the company change through cost reduction opportunities?

4.What results will the company achieve in the coming years?

5.What changes in management are needed to implement the concept, and who will be responsible for implementing the change concept?

6.What resources do we need to finance the Turnaround concept?

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