Corporate Turnaround

Corporate Turnaround PDF

Author: Stuart Slatter

Publisher: Penguin UK

Published: 1999-03-25

Total Pages: 352

ISBN-13: 0141927003

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When firms are on the brink of failure, only turnaround management can restore performance and profitability. The key is to provide stability and create cash (and a breathing space) for building long-term success. This fully revised edition provides practical advice on restoring confidence through effective leadership and planning. It highlights the importance of communication with stakeholders, staff, customers and suppliers, and how best to structure the capital base of an organization in order to fund recovery and future growth. Essential reading for chief executives, consultants and merchant bankers (as well as investors tracking the progress of ailing businesses), this book offers a definitive set of tools and techniques.

Corporate Turnaround Artistry

Corporate Turnaround Artistry PDF

Author: Jeff Sands

Publisher: John Wiley & Sons

Published: 2020-02-11

Total Pages: 208

ISBN-13: 1119539994

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How to steer your business through times of financial distress and achieve sustained profitability Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distress—presenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support. Business leaders and entrepreneurs often fall into the trap of assuming new debt when tough times strike. Author and Certified Turnaround Practitioner Jeff Sands shows that to many struggling businesses, more money is no longer the answer to the problem. Expert advice on topics including cashflow stabilization, short and long-term profit sustainability, lean management techniques, and more, provides the framework to timely and efficient corporate turnaround. From identifying the initial cash crisis to meeting with creditors and developing a plan, this essential resource will help you: Stabilize your financial liabilities and re-structure your debt Implement effective turnaround strategies without significant changes to your corporate structure Preserve the positions of your current employees and their community Give yourself a fresh start with a lean and agile business Thousands of businesses fall into financial stress every year—oftentimes in sudden and dramatic fashion—leaving CEOs and owners asking the question “How do I save my business”? Corporate Turnaround Artistry: Fix Any Business in 100 Days provides the answer.

Leading Corporate Turnaround

Leading Corporate Turnaround PDF

Author: Stuart Slatter

Publisher: Wiley + ORM

Published: 2011-01-19

Total Pages: 278

ISBN-13: 1119995299

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Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving todays sustainable turnarounds understand that the answers to a distressed companys problems lie almost always within the firm itself usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top company doctors and advisers, as well as on the authors own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Societys Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM

American Turnaround

American Turnaround PDF

Author: Edward Whitacre

Publisher: Business Plus

Published: 2013-02-05

Total Pages: 222

ISBN-13: 1455513008

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Ed Whitacre is credited with taking over the corporate reins at General Motors (GM) when the automotive manufacturer was on the brink of bankruptcy during 2009 and turned the company around in magnificent fashion. In this business memoir, the native Texan explores his unique management style, business acumen and patriotism. It was President Obama who reached out to Ed Whitacre to come out of retirement and take over GM in 2009. A down-to-earth, no-nonsense Texas native with a distinctive Texas twang in his voice, Whitacre was reluctant to come out of retirement to work at GM. But Whitacre is that rare CEO with great charisma and extraordinary management instincts. And when he got to Detroit, he started to whittle down the corporate bureaucracy right away - and got GM back on track in record time. Before being pulled out of retirement to run GM by Obama, Ed Whitacre had spent his entire corporate career in the telecom business, where he ultimately ended up running AT&T.

The Small Business Turnaround Guide

The Small Business Turnaround Guide PDF

Author: Sandy Steinman

Publisher: Morgan James Publishing

Published: 2012-07-31

Total Pages: 299

ISBN-13: 1614482586

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There is probably nothing more exhilarating, nothing that gets one’s adrenalin flowing than when a business owner’s plans come together and the business becomes a reality. The feeling of being “your own boss” brings on genuine euphoria. The proud new business owner is walking on air. Unfortunately, there is not always a happy ending. All too soon reality sets in and it is not always pretty. Reality takes the form of bills that have to be paid, customers who have to be satisfied and payroll deadlines that have to be met. These shattered dreams are not unusual. According to the United States Census Bureau 10% of United States businesses close each year and with them come shattered dreams and shattered lives. But it doesn’t have to end this way. In "The Small Business Turn Around Guide: Take Your Business From Troubled To Triumphant," Sandy Steinman gives struggling business owners hope and he takes them through the steps to implement processes that solve the most common small business problems. These are the same processes that Steinman has actually implemented and which have added millions of dollars to his client companies’ bottom line. Additionally, he makes available at no cost, the spreadsheets and forms that are integral to the successful turnaround of your individual business. If you are a small business owner and are struggling with cash shortfalls. employees who are unmotivated and have no idea what is expected of them, reports that are not actionable, or dozens of other issues common to other struggling business owners, "The Small Business Turn Around Guide" is for you. From the moment you read the first chapter and learn how to stop the bleeding and how to get control of your cash, you will know that there is real hope for your situation.

Financial Distress and Corporate Turnaround

Financial Distress and Corporate Turnaround PDF

Author: Martin Schmuck

Publisher: Springer Science & Business Media

Published: 2013-11-18

Total Pages: 176

ISBN-13: 3658019085

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​The work of Martin Schmuck empirically investigates the phenomenon of financial distress and corporate turnaround in the automotive supplier industry. Based on a sample of 194 publicly listed automotive suppliers, the effectiveness of managerial, operational, financial, and asset restructuring activities is analyzed in a multivariate research setting. Archetypes for successful turnarounds are identified and matched with strategies of non-distressed companies.

Reversing the Slide

Reversing the Slide PDF

Author: James B. Shein

Publisher: John Wiley & Sons

Published: 2011-02-10

Total Pages: 384

ISBN-13: 1118008472

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A just-in-time guide for revamping distressed companies Drawn from the author's decades of experience advising, purchasing, and reviving distressed companies across industries, geographies, and sizes, Reversing the Slide is designed to help executives, managers, and employees revitalize downtrodden companies. It shows how to: select the tactics appropriate for each stage of distress; understand the use of entrepreneurial concepts; avoid pitfalls common to turnarounds; determine the legal, financial, strategic, and operational steps in the process; discover why the principal of "ready, fire, aim" should guide the decision-making process in situations with time pressure and significant uncertainty; and uncover the secrets of effective leadership and governance. Contains step-by-step instructions for helping troubled organizations bounce back with vigor Often quoted in the Wall Street Journal, the author is an authority on restructuring and downsizing Offers a handbook for implementing a successful corporate turnaround James Shein's Reversing the Slide is full of insightful advice on what works, what does not, and why it will prove invaluable to executives, managers, and employees in helping troubled companies before it's too late.

Successful Corporate Turnarounds

Successful Corporate Turnarounds PDF

Author: Eugene Finkin

Publisher: Praeger

Published: 1987-04-21

Total Pages: 0

ISBN-13: 0899302327

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If you work for an organization that is having financial and operating problems, this book will seem like a breath of fresh air. The author has had practical line experience with two major industrial firms, and his suggestions for improving inventory, manufacturing, marketing, finance, and technology are down to earth and practical. Most important they can be implemented. In fact, this publication would be a good handbook for managers of manufacturing companies that are doing well because every operation can be improved. Management Accounting This no-nonsense book, written by a working expert in the field, focuses attention on the most crucial elements of a successful turnaround and the methods that can be used to identify and solve problems quickly. Finkin offers a practical working approach which slices away the usual theoretical abstractions. He clearly details the approaches and actions needed to achieve a successful turnaround for all major functional areas. Communication and its importance in developing commitment to the turnaround, as well as the roles played by government, organized labor, and the media in assisting or impeding the turnaround process are given Finkin's considered scrutiny. The reader is effectively guided step-by-step through the turnaround process and is given the understanding needed to judge the ability of the players and the appropriateness of their tactics.

Growth Or Bust!

Growth Or Bust! PDF

Author: Mark Faust

Publisher:

Published: 2011

Total Pages: 0

ISBN-13: 9781601631626

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Now more than ever, company leaders need fresh ideas about how to grow their organization's sales and profits. Growth or Bust is a manual that can be used by any company leader for finding untapped growth potentials. Whether used by a single member of a management team or as a workbook throughout the company, Growth or Bust will teach you how to: Build a growth strategy that will leverage all facets of your organization Initiate innovation process for increasing sales and profits Mine the untapped potential within your existing customer base Get more productivity out of your team And much, much more Growth or Bust is a toolbox of growth for top management, sales and marketing management, and entrepreneurs in any business or industry. It will help you to see what you can implement directly as well as where you can foster new or accelerated growth in other parts of your organization.