Some of the Causes of Sickness:

• Loss of cost advantage
• Failure to differentiate the product
• Failure to undertake strategic investment
• Failure to launch preemptive move
• Unrelated diversification
• Poor financial Management
• Poor inventory Management
• Wrong positioning of Products
• Technology Obsolescence
• Overall low Asset Productivity
• Unprofessional and Family Management
• Inadequate Information System

Turnaround Strategies:

• Leadership/Ownership Change
• Reduction in Inventory
• Financial Restructuring
• Rationalisation of Product Mix
• Massive retraining/reduction in employees
• Reduction in Overhead Cost
• Product Repositioning
• Plant Mmodernisation
• Focus on Core Business

Diagnosis of Company's health periodicaly is very important for the survival of any company. Diagnosis helps to understand trends in various internal working styles and external environment.To avoid company becoming sick and then to worry about turnaround , preemptive move of Company Diagnosis is very useful and advantageous.

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