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      "text": "Financial Considerations. Fourth—and most important—the company will need to look at the financial implications of all decisions in the first three areas (strategy, structure, and operations).",
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      "text": "Implementing turnaround and restructuring programs is extremely challenging in that management needs to fix the business as it continues to operate the business (often with scarce resources). Our experience shows that success comes from prioritizing several initiatives:",
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      "text": "In addition, the company needs to translate its overarching strategy into a new business model, with corresponding changes to how it goes to market and how it can best get products and services to market, all with the objective of increasing sales.",
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      "text": "revamp its operational processes in order to support the strategy. By rethinking processes from the ground up, companies can retool them to deliver greater cost efficiencies in terms of material, personnel, and other operational expenses.",
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      "text": "In some turnaround or restructuring cases, companies will need to secure additional capital in order to execute the transformation. Improving the capital structure of the company might also require extending the terms of its existing debt.",
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