turnaround meaning in business

By going into a more extensive performance assessment, you will be looking for answers to the following questions: Does your company mostly need a strategic turnaround (profit improvement) or Business rescue (financial restructuring and debt reduction?). 'min': 31, 'cap': true { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'sovrn', params: { tagid: '705055' }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/2863368/rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, googletag.cmd.push(function() { { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, var googletag = googletag || {}; var pbTabletSlots = [ Hans v Rensburg is the founder of The Business Sniper. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, Low production - can’t get stock because you can’t pay creditors on time. pbjs.setConfig(pbjsCfg); By having a clear picture of the particular problems you will be better prepared to cope with and solve the problems. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; How will your way of thinking and interpretation of the problem at hand affect the business? var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); He has been a Business Owner, Coach and Consultant, for 30 years, owning 40 of his own businesses. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776338', position: 'btf' }}, How to use turnaround in a sentence. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/turnaround"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 'cap': true 10 Simple Food Habits That Will Save Money and Your Life, Roth IRAs: The Secret Way High-Income Earners Can Get In, Too, Forget Your Nest Egg -- Here's The Key to Not Outliving Your Money, Dividend Coverages, Payout Ratios and Dividend Yields. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, googletag.pubads().setTargeting("cdo_ptl", "entry-lcp"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, googletag.pubads().setTargeting("cdo_pt", "entry"); Construction of the internal streetcar platform and a turn-around loop had already been completed at the station. 2. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776142', position: 'btf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, The train passes a few head-choppers as it passes under the lift hill, and then climbs up into a turn-around directly above the boarding station. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, pbjs.que = pbjs.que || []; There's... You can elect to buy more stock with it, adding to your... Sign up for our weekly newsletter and get our most popular content delivered straight to your inbox. } { bidder: 'appnexus', params: { placementId: '11653860' }}, name: "identityLink", dfpSlots['leftslot'] = googletag.defineSlot('/2863368/leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, Business financial performance is the overall financial measure of how well a business use its assets to generate profit over a given period. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, googletag.enableServices(); The process of Turnaround Management can be defined as the process of reviving a company that is struggling from the financial problems to keep up with competition in the market and there comes a time when the management of the company needs to put the process and strategic approach of Turnaround Management plan in place.. initAdSlotRefresher(); iasLog("criterion : cdo_tc = resp"); The train then returns to the ground and goes through an inclined dive loop, which is the turn-around point of the roller coaster. ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); Turnaround can also be used as a synonym of shutdowns and outages. googletag.pubads().collapseEmptyDivs(false); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, A company that struggles to meet up […] Turnaround time commonly refers to the amount of time measured from the submission of a request to the conclusion and delivery to the requester. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, type: "cookie", { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, A turnaround or turnaround deal is an arrangement in the film industry whereby the production costs of a project which one studio has developed are declared a loss on the company's tax return, thereby preventing the studio from exploiting the property any further. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'sovrn', params: { tagid: '446384' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_mpuslot_mobile_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, }, See more. iasLog("criterion : sfr = cdo_dict_english"); Examples of financial performance may include profit, operating cash flow, working capital, debt to equity is a ratio, accounts payable & receivable turnover, inventory turnover, earnings before interest and taxes, and net asset value. Business performance analysis is the process used to identify and discover areas of opportunity and problems in the business, either strategic, operational or financial, that represents a weakness or vulnerability that, if not addressed and corrected soon, will lead to business failure. If you recognize some of these signs, your business is probably under pressure, at risk or insolvent. A turnaround management team will review the primary causes of the company’s failure and devise a strategic plan that may include restructuring or repositioning the business. ga('require', 'displayfeatures'); Turnarounds frequently involve stabilizing the business and then cutting costs, reducing the workforce, selling superfluous assets, divesting entire divisions, retiring excess debt, and/or dramatically changing how the company markets or sells its products. dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); 'max': 8, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=ENTRY_TRANSLATE&v1=english&v2=turnaround&v3=&v4=english&_=RANDOM", You can also find related words, phrases, and synonyms in the topics: Extrovert or introvert? { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, }); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, }, Funds are generated internally to insure the business has sufficient cash to see it through the next few months while a business turnaround plan is implemented. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, is taken offstream for an extended period for revamp and/or renewal. { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, iasLog("criterion : cdo_c = " + ["science_geographic_locales", "business_financial_industrial_technology", "sports_sporting_goods", "jobs_education_resumes"]); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, What Is Buffett's "Big Four" Sleep-At-Night Strategy? type: "html5", { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, A turnaround (commonly abbreviated TAR) is a scheduled event wherein an entire process unit of an industrial plant (refinery, petrochemical plant, power plant, pulp and paper mill, etc.)