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Influence of Top Management Change Turnaround Strategy on Performance of Manufacturing Firms: The Case of Public Sugar Companies in Kenya

Journal: IMPACT : International Journal of Research in Business Management ( IMPACT : IJRBM ) (Vol.9, No. 8)

Publication Date:

Authors : ; ;

Page : 25-34

Keywords : Top Management Change; Turnaround Strategy; Performance; Manufacturing Firms;

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Abstract

Turnaround strategy refers to actions that are put in place to enable a firm facing distress or underperforming to return to normalcy in terms of acceptable levels of profitability, solvency, liquidity and cash flow. Top management change strategy is one of the turnaround strategies and it means employing an effective leadership style that is able to motivate and support the employees whilst making strategic changes to the organization's capital, financial well-being and operations. The study sought to establish the influence of top management change turnaround strategy on the performance

Last modified: 2021-09-11 20:39:03