Making sweeping cuts is not the best way to deal with market problems, it seems. Recognising the opportunities presented by economic crisis is difficult to do, but drives better returns.

There are a wide variety of people, groups and bodies that will have an interest in the success of your business, known in general as stakeholders, and who you might therefore wish to call on for support to see you through your difficulties and to rebuild your business. This article discusses some of the key issues in managing stakeholders during a turnaround. 

Who Are Your Stakeholders?

As a director or owner manager of a business facing difficulties, it is important to ensure that you manage your personal risks appropriately and these articles address how to approach this task by focusing on four key areas.

1 Your normal responsibilities