Turnaround

A significant and often rapid shift from a negative or declining state to a positive or improving one. It represents a reversal of fortune, a dramatic change in direction, or a period of recovery. It's applicable across various contexts, from business and finance to personal situations and social dynamics. This can involve increased performance, restored profitability, a renewed sense of optimism, or a successful resolution of a problem. Successful turnarounds often involve strategic adjustments, decisive actions, and a commitment to change.

Turnaround meaning with examples

• The struggling tech company implemented a bold restructuring plan. This included layoffs, new leadership, and a focus on innovative products. After months of hard work, the company experienced a remarkable turnaround. Sales increased, profits soared, and the stock price rebounded, signaling a return to the market's good graces.
• After years of financial losses, the new CEO of the car manufacturer initiated a series of changes. He closed underperforming factories, invested in research and development, and improved customer service. Consequently, the car company saw an impressive Turnaround, with increased market share and strong profitability.
• The football team was in a slump, losing most of its games. However, the coach motivated the players, improving their teamwork and implementing a new offensive strategy. With a new resolve and direction, the team achieved an unexpected Turnaround, winning several games and making a strong comeback.
• A struggling business implemented a rigorous Turnaround strategy by reducing costs and increasing efficiency, resulting in improved profit margins and enhanced investor confidence. Despite previous doubts, the business' Turnaround showed it's commitment to overcome and exceed all customer's requirements.
• The patient's health was declining significantly. However, a new treatment plan and a change in lifestyle helped achieve a positive turnaround. The person's energy returned, health improved significantly, and their mental health became more positive and hopeful.