Meaning of Turnaround Strategy Following diagram depicts the center pregnant of turnaround strategy. The concept or pregnant of turnaround strategy covers next points: Turnaround strategy agency to convert, alter or transform a loss-making companionship into a profit-making company. It agency to brand the companionship profitable again. The principal travel of implementing a turnaround strategy is to plough the companionship from a negative betoken to a positive one. If a turnaround strategy is non applied to a sick company, it volition unopen down. It is a remedy for curing industrial sickness. Turnaround is a restructuring strategy. Here, a loss-bearing companionship is transformed into a profit-earning company, past times making systematic efforts. It tries to withdraw all weaknesses to aid a sick companionship in ane lawsuit once again instruct strong, stable in addition to a profit-making institution. It tries to contrary the seat from loss to profit, from declining ...