Step 4: Initial Diagnosis

Research

Step 4: Initial Diagnosis

Throughout the diagnosis, the recovery leader should look for the problems that have the most recovery leverage. Initial Diagnosis includes the following activities:

Initial Diagnosis Activities

Engage Others in Diagnosis

Involving others in conducting the diagnosis brings additional perspectives into the process.

Forecasting Essential

There are two types of forecasting that are important during a forecast: short-term and long-term.

Develop a Financial Model Health

The diagnosis will be better if it is guided by an explicit financial health model.

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