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Purpose: The main purpose of this study was to establish the influence of turnaround strategies on the performance of Organizations: A case study of Uchumi Supermarkets Ltd, Nairobi branches. Methodology : This study employed descriptive case study design. Uchumi supermarkets Ltd, Nairobi branches was the unit of study. This study purposively sampled 35 respondents from the 90 managers at all the management levels with equal representation. This was a 40% representation. This research was conducted through a case study to enable the researcher explore the matter in depth. Primary data was gathered by use of closed ended questionnaires, which were self-administered. A pilot study was conducted in order to establish the validity and reliability of data collection instruments. After data had been collected through questionnaires, it was prepared in readiness for analysis by editing, handling blank responses, coding, categorizing and keying into Statistical Package for Social Sciences (SPSS) computer software for analysis. SPSS was used to produce frequencies, descriptive and inferential statistics which were used to derive conclusions and generalizations regarding the population. Results: The study findings indicated that debt restructuring, change management, asset restructuring are positively and significantly related to performance. The results also indicated that debt restructuring explains 24.6% of performance of Uchumi Supermarkets Limited. The results also indicated that Changes in management explains 45.2% of performance of Uchumi Supermarkets Limited. The results further indicated that asset restructuring explains 21% of performance of Uchumi Supermarkets Limited. The results also indicated that staff rationalization explains 8.2% of performance of Uchumi Supermarkets Limited. Unique contribution to theory, practice and policy: The study recommended that organizations aiming to turnaround and improve their financial performance should include debt restructuring, change management and asset restructuring.  . The study also recommends that Uchumi supermarkets limited should continue with the turnaround strategies like engaging human resource consultants to head hunt for key individuals for managerial positions, having structured and competitive salaries for key managerial positions and implementing performance based bonus pay programs for key staff because they lead to improved performance.

international journal of finance and accounting

Turnaround Strategies and Their Influence on the Financial Performance of Organizations: A Case Study of Uchumi Supermarkets Ltd-Nairobi County Branches