1. TURNAROUND TROUBLESHOOTER OMEGA STRATEGY

2. YOUR TASK: To identify and evaluate how to manage the business more successfully to avoid bankruptcy. What strategies for success will you choose?

3. WHAT STRATEGIES FOR SUCCESS WILL YOU CHOOSE? Finance Strategy Human Resource Strategy Product and Distribution Strategy Marketing Strategy

4. FINANCE STRATEGY Income/profit (compared to competitors) Operating costs Is the business liquid (could we do some ratio’s here?) Where could the firm realistically cut costs?

5. PRODUCT AND DISTRIBUTION STRATEGY Analysis of capacity utilisation How could Gambles reduce waste? Customer complaints compaired to competitors? (how can we resolve this?) How can Gambles improve quality?

6. HUMAN RESOURCE STRATEGY Is the firm overstaffed? Is labour turnover an issue? (calculate these) Absenteeism compared to competitors How can this be reduced?

7. MARKETING STRATEGY Issues to consider: Product differentiation Are the 4 Ps correct Product range!!? Location of stores

8. OVERALL STRATEGY Identify the main issues which you would aim to resolve if you were advising gambles. Think about: cost effectiveness risk likely outcome