Question

_____ is the creation of a new vision for a struggling company using a new approach to planning and organizing to make better use of a company's resources and allow it to survive and eventually prosper.

A. Total quality management

B. Task management

C. Talent management

D. Turnaround management

E. Workforce management

Answer 1

Turnaround management is the creation of a new vision for a struggling company using a new approach to planning and organizing to make better use of a company's resources and allow it to survive and eventually prosper.

Step-by-step explanation:

Turnaround management is the creation of a new vision for a struggling company using a new approach to planning and organizing to make better use of a company's resources and allow it to survive and eventually prosper. It involves implementing new strategies, restructuring operations, and making necessary changes to turn the company around. For example, a struggling company might bring in new leadership, streamline processes, or focus on new markets to revitalize the business.