With a well-executed business turnaround strategy, poor performing companies can regain their position as industry leaders. Delving into the significance of using templates with your turnaround strategy and exploring the essential components that can make or break a successful turnaround, this is the guide with all your business turnaround strategy templates in one place.
Throughout our 20 years of experience helping struggling business owners turnaround their companies for the better, the leadership team at TurnaroundBiz.com has decided to offer these templates to you for free online as a way to supplement material for the certifications and consulting services that we offer. Use the templates as you please in performing a turnaround on your own, or consider hiring the turnaround experts to do the job for you.
Strategy Associations
The revised strategy associations below are derived from the work by researchers Sharon Gotteiner, Marta Mas-Machuca and Frederic Marimon with their “Turnaround Types, Stages, Strategies, and Tactics: Putting Things in Order” article published in Organizations & Markets: Policies & Processes eJournal (2019).
| Turnaround Strategy | Turnaround Tactic |
| Financial restructuring | Restructuring loans Reducing dividends Issuing or repurchasing shares |
| Asset reduction | Selling unprofitable subsidiaries Selling unproductive plant and equipment |
| Working-capital Improvements | Managing short-term cash Freezing selected payments Selling fixed assets which can be leased Negotiating extended payment terms with creditors Reducing investments in inventory Accelerating billing and collection processes |
| Cost-reduction | Downsizing excessive workforce Cutting non-urgent capital expenditures Cutting non-urgent current expenditures Negotiating prices with must-continue suppliers Cutting salaries and benefits, adding performance-based bonuses Outsourcing processes; converting fixed costs into variable ones Improving cost-controls Promoting cost-reduction awareness, involvement, and innovation Eliminating non-profitable products within viable product lines Redesigning products and manufacturability |
| Revenue generation | Changing prices, focus on cash-generating and profitable products |
| Strategic focus | Shrinking back to the most profitable businesses and segments |
| Critical process improvements | Improving marketing and sales processes Improving operational processes Improving key support processes |
| Culture change | Destroying adverse behaviors Clarifying the organizational structure, roles, and responsibilities Implementing Performance Management Developing innovation |
| Growth strategies | Developing new product-market positions Adding or developing new distribution channels Expanding through acquisitions Extending joint-ventures, strategic alliances, and partnerships |
10 Turnaround Assessment Templates
Before implementing any business turnaround strategy, it is essential to conduct a thorough assessment of the current state of the company. This assessment will provide valuable insights into the financial position, performance, and external factors affecting the business.
Business Turnaround Planning Template
The Business Turnaround Planning Template PPT Template provides valuable tools to help your business stabilize its financial position. The template guides you through the process of identifying turnaround strategies.
By using this template, you can ask important questions about your company’s financial situation and explore possible options.
- Includes 60+ Slides, all fully customizable templates unbranded
- Editable templates available in PowerPoint and Google Slides
- Prebuilt components and structure prepared for you
Free Download Below:
Download Business Turnaround Planning Template
 In the case of a turnaround situation, a business turnaround plan template serves as a type of strategic business plan to help get the company on a solid foundation and start a new track record of progress, measuring profitability. For a firm growth business turnaround, profit is sometimes one of the few KPIs that really matter, though, a growth business turnaround plan requires you to know where the company is headed to connect the dots from current position to a new, better reality.
The slide presentation template download link above could use supplemental slides for some turnarounds so in this case, we provide you with the supplemental business turnaround planning template for free, too, below.
Supplemental Business Turnaround Planning Template
This template is a valuable resource for evaluating your company’s financial health and efficiency. It provides insights and strategies to facilitate transformations and foster future growth, ultimately improving your company’s overall efficiency, adaptability, and competitiveness.
With its visually appealing design, it is well-suited for expert discussions, team meetings, and stakeholder gatherings. Specifically tailored for conducting SWOT analysis and developing a comprehensive turnaround plan, this template is an essential tool for achieving success in your company.
Download Business Turnaround Planning Template Supplement
With strategic thinking, your organization can take the next turnaround strategy steps and seize business opportunities in a new light while conducting business planning sessions now using the templates provided. Your business performance informs cash flow and financial stability projections so it’s important to discuss internally about what factors continue to give your company the competitive edge before seeking outside help.
The Stages of a Business Turnaround Template
This Stages Template is an invaluable resource for gaining a deep understanding of turnaround management principles. It offers a comprehensive framework to assess insolvency, liquidation, and strategic objectives.
The template highlights five crucial stages of the Business Turnaround Plan: Management Change, Evaluation, Emergency, Stabilization, and Return-to-Normal Growth. By utilizing this template, you will gain insights into a proven step-by-step process that can guide your business in overcoming short-term challenges, restoring profitability, boosting confidence, and ultimately securing the future of your company.
Download the Stages of Business Turnaround Template
4 Phases of Business Turnaround and Financial Restructuring Template
This Phases Template can help you to formulate the action plan for improving sales, boosting profitability, and preventing insolvency with slides of the template entirely customizable for your business.
By utilizing this template, you can thoroughly assess and revamp your financial, operational, and managerial strategies. Take the first step towards proactive restructuring by downloading this invaluable resource.
Download the Phases of Business Turnaround and Financial Restructuring Template
Restructuring Path Determination Template
This pre-built PPT Template for determining the restructuring path to take), offers a complete framework that helps businesses evaluate their financial position and determine when to implement turnaround strategies.
The template also features a visual representation of the turnaround restructuring process. Download this resource to effectively identify and address ineffective business strategies.
Download Restructuring Path Determination Template
Structuring for Performance Analysis Template
To ensure that your business turnaround strategy is on track, it is important to regularly monitor progress and analyze key performance indicators (KPIs). This will help you identify any bottlenecks or areas where adjustments may be needed. By regularly reviewing and analyzing data, you can make informed decisions and make necessary adjustments to the strategy as needed.
>> Download Structuring for Performance Analysis Template <<
Moving forward with the business turnaround process, the insights gained from this assessment phase will serve as a foundation for the subsequent steps, including plan execution and monitoring.
Plan Execution and Monitoring
In order to successfully implement and track the progress of your business turnaround strategy, it is crucial to have a comprehensive plan for execution and monitoring. This section outlines the key steps involved in executing the strategy and provides guidance on how to effectively monitor its progress.
Implementation Timeline Turnaround Plan Template
Make effective use of this pre-made Implementation Timeline Turnaround Plan PPT Template to provide reassurance to stakeholders regarding the progress of the turnaround, safeguarding their prior investments and maintaining their continued support for the company. Use the PowerPoint Presentation as a visual timeline to navigate the revitalization of your business as a valuable resource for discussions, and as a roadmap during the implementation of the turnaround plan.
This Template outlines the specific actions that need to be taken, the responsible parties, and the timelines for each task. By breaking down the strategy into manageable steps, you can better allocate resources and monitor progress more effectively.
Download Implementation Timeline Turnaround Plan Template
Agenda Template for Business Turnarounds
This Agenda PPT Template serves as a valuable tool for clearly outlining the purpose and process of getting your business back on track. With the included slide deck, you can establish open and effective communication with stakeholders, fostering a collaborative approach to recovery.
Use the PowerPoint Presentation to brainstorm and strategize a new path towards success for your company. This template will provide guidance for the next several months. Download, customize, and present the framework to effectively drive further efforts forward.
Value Enhance Capabilities with Strategic Plan Template
This Value Enhance Capabilities (VEC) PPT Template serves as a valuable resource for assessing your company’s financial health and crafting a restructuring strategy for future growth. The included slide deck provides guidance on enhancing capabilities, reducing operating costs, and increasing productivity where it counts most to increase profitability. Make use of this template to broaden your company’s capabilities and improve overall performance.
Download Value Enhance Capabilities Template
Crisis Management Plan Template
This meticulously organized Crisis Management Plan PPT Template offers an extensive roadmap for crafting a pandemic or crisis management strategy that ensures uninterrupted business operations. It delineates five progressive stages, highlighting vital aspects such as the impact on health, scenario planning, cost reduction measures, stakeholder management, and the financial and liquidity repercussions.
By making use of this resource, businesses can equip themselves to provide support to management and contribute to financial restructuring initiatives.
Download Crisis Management Plan Template
Effective plan execution and monitoring is essential for the success of your business turnaround strategy. By creating a detailed implementation plan, assigning responsibilities, and regularly monitoring progress, you can ensure that your strategy is on track and make adjustments as needed.
Are you ready to put it all together?
The creation of a business turnaround strategy is an essential step in order to put these templates to good use. By following a well-crafted strategy, you can achieve significant results in a short amount of time. By taking the time to create a business turnaround plan, you can ensure that your company is headed in the right direction and that all stakeholders are on board with the overall plan.
If you’re ready to get started, download the templates and start planning your comeback today!
Putting it together
The business turnaround strategy template guide provides you with 10 templates to customize for your business which all encompass a comprehensive framework to guide organizations through periods of distress and instability. Throughout this process, several key components have emerged as crucial factors in achieving success.
By utilizing the templates and embracing ongoing monitoring and adaptability, organizations can restore profitability, efficiency, and competitiveness. Remember, every business’s journey is unique; therefore, the template can be customized to suit specific needs and circumstances.