Let's say that Georgious has somehow used all his cash in expenses, with little revenue stream and is about to go bankrupt. Manfried comes along with a wheel barrow of cash.
Manfried: "I'll loan you some money to get out of this mess but only if you reorganize your business the way I tell you to."
Georgious: "What gives you the authority to tell me how to run my business"
Manfried: "Because my business has a profit and yours is bankrupt, clearly I know more about running a business than you do"
Georgious: "Fair point. What do you want me to do, and what will happen if I do it."
Manfried: "Fire some workers to cut expenses by 20%. Your revenue will drop a little at first then go back to where it is now, only you'll have 20% less expenses and be profitable."
Georgious: "Ok. I'll try it. Hand over the loan"
4 years pass.
Manfried: "Time to pay up."
Georgious: "I cut expenses by 20%. Only my revenue dropped 20%. Now I have a bunch of homeless ex-colleagues outside my office, no revenue and no money to pay you with."
Manfried: "You should have fired more colleagues. Now pay up."
Georgious: "Your business plan was a disaster! You lent money to fund your business plan and it failed. Your idea, your failure. I even made you a chart:
I'll even compare to your friends:
Oh and your R&D department just sent us a note (Box 3.5 from IMF) that your program of labor reform doesn't work."
Manfried: .... fair point?
Dear Troika... if your plan does not give the results predicted, you lose your authority to dictate the plan.