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Caselets Depicting Patterns of Sickness

The implicit assumption in the turn-around strategies is that the specific company has been experiencing financial or managerial sickness consistently over the past few years. Various reasons have been attributed to the onset of sickness in the organisations. Most of these reasons indicate the financial stringency particularly in terms of working capital. But behind this apparent indicator of sickness, there could be a spectrum of other causes such as bad management, unhealthy industrial relations and other impending environmental factors. Any discussion on the turn-around strategy has to take into consideration an incisive analysis of these factors indicating sickness. These factors are contingent and specific to each small business firm.