Falcon Products Turn Around. What exactly is a retrenchment strategy? This is strategy commonly used by companies to help solve their problems or try to turn the business around and increase output and profit. Falcon Products is a business dealing with furniture for businesses as well as the common consumers. Recently they employed a retrenchment strategy and this strategy composed of cutting costs, closing down certain buildings or complexes, using lenders involved in a debt-for-equity …
showed first 75 words of 826 total

showed last 75 words of 826 total
…certain buildings or complexes, using lenders involved in a debt-for-equity swap, using recovery businesses, and by outsourcing and laying off workers. Emerging from bankruptcy was a huge move in the right direction for Falcon Products. They hope to bring the company onto a whole new plateau of their success. Bankruptcy is an enormous hole to dig your way out of and Falcon Products has been through this troublesome ordeal and lived to tell the tale.