Compose a 4000 words assignment on analysis of the report submitted by the plant manager, des troy on the turnaround of the company. Needs to be plagiarism free! More often than not, companies in such a situation employ outside consultants to do the analysis and recommend a strategic plan that can be implemented successfully and help revive its economic and brand position in the market.
Although the decision to take a turnaround and bring major changes in its planning, marketing, operations, etc. May or may not bring about the desired changes in the company that is implementing, it nevertheless becomes imperative that the company forge ahead with such an initiative as a saving grace in most of the cases. One such example of a successful turnaround is in the case of IBM in 1992 when Gerstner with little experience in the Information Technology field planned and successfully implemented a major Turnaround that revived the company’s failing economy. It is seen that Gerstner initiated major changes in the way IBM did business, cut costs, realigned the strategies and reoriented the employee mindset and commitment.
This audit report analyses the failure of the turnaround attempt of the company based on the Plant Manager’s report which is seen as the primary source of information available. Recommendations are based on the findings of the Plant Manager’s report and the standard models for information gathering and excellence in turnarounds.
c. Further, for each of the five elements, a set of three recommendations as to the improvements that can be implemented in the future Turnaround attempts are discussed with each of them categorized as being of High, Medium or Low in terms of feasibility of implementation. .d. Also, recommendations as to the ways in which the report and its findings can be done in future turnaround initiatives within the framework of standard models of planning and analysis, and if there can be improvements to the models and the report itself, are discussed briefly. .
3. Scope of work- Since the audit report is based on the report submitted by the Plant Manager with no additional tools and reports that have been placed on record during the process of turnaround successful.