The aim of the study is to better understand the effectiveness of restructuring strategies and understand stable capital growth of South African manufacturing firms employing smart innovation approaches as managerial security measures in distress status quo. The paper emphases on manufacturing firms that is why it is so vital that organisations understand how innovation principles influence restructuring and turnaround of distressed operating manufacturing firms. The study offers a number of specific recommendations for action. During a crisis, early and decisive reaction initiated as part of a comprehensive restructuring program is essential. From the very start, investment in innovation must be sufficiently considered in the financial planning of the restructuring program (“headroom”).
Return Patterns and Restructuring of Distressed Manufacturing Firms: Smart Innovation Approach
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