A case study on corporate failure and turnaround

In spite of the interest in reversing decline, the topic of turnaround is not get attention to the researchers, especially in Malaysia. This project paper describes briefly about corporate turnaround. The emphasizing is made on the symptoms and causes of corporate decline and the strategies used in recovery plan. This project paper also describes two techniques used by practitioner in failure prediction process. This techniques are ratio analysis and Z score model. The objectives of this project paper is to determine which ratio can be a good predictor in predicting company failure. To find out this ratio and implementation of the turnaround, one company was selected as a sample.