sharpbender

sharpbender
A firm that has been underperforming its rivals in an industry, but suddenly improves and maintains its performance at above the average. Sharpbending may be caused by a new management team, significant new product success, or other major changes in its business strategy See turnaround

Big dictionary of business and management. 2014.

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  • turnaround — recovery A strategy designed to reverse the decline in profitability of a firm or subsidiary, enabling it to achieve a viable and sustainable future. Firms in crisis require drastic action to effect a turnaround, which may involve managerial… …   Big dictionary of business and management

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