The article is focused on company’s crises and principles of solving them. One of the way how to resolve the company’s crisis is to restructure the company. The management could also use turnaround as a fast way of company’s restructuring. This article describes the importance of turnaround planning, process of turnaround and basic steps of turnaround.
Restructuralization in traditional understanding is considered for solution of crisis situation in a company. However, it is important to emphasize that restructuralization shouldn´t be connected only with crisis of a company. Global economic recession has broken out in 2008 and its impact on Slovak economy has started to display in the beginning of 2009. The paper is focused on explaining the reasons of company crisis and on the aims, areas, types and methods of restructuralization in period of company crisis influenced by worldwide economic recession.
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