Before revision: The four main techniques are known as Retrenchment, Repositioning, Replacement and Renewal: Retrenchment The Retrenchment strategy of the turnaround management describes wide-ranging short-term actions, to reduce financial losses, to stabilize the company and to work against the problems, that caused the poor performance.Walshe, K./ Harvey, G./ Hyde, P./ Pandit, N. (2004): Organizational Failure and Turnaround: Lessons for Public Services from the For-Profit Sector, in Public Money & Management, Vol.
After revision: The four main techniques are known as Retrenchment, Repositioning, Replacement and Renewal: Retrenchment The Retrenchment strategy of turnaround management describes wide-ranging short-term actions, to reduce financial losses, to stabilize the company and to work against the problems, that caused the poor performance.Walshe, K./ Harvey, G./ Hyde, P./ Pandit, N. (2004): Organizational Failure and Turnaround: Lessons for Public Services from the For-Profit Sector, in Public Money & Management, Vol.