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Review
"...provides several striking examples of corporate turnarounds in recent years..." (Financial Times, April 2006)
"...describes real life turnarounds more extraordinary than fiction..." (The Financial Director, June 2006)
"...provides several striking examples of corporate turnarounds in recent years..." (Financial Times, April 2006)
"...describes real life turnarounds more extraordinary than fiction..." (The Financial Director, June 2006)
Product Description
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 today’s sustainable turnarounds understand that the answers to a distressed company’s 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 Society’s 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
Inside This Book
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First Sentence
TURNAROUND PRACTITIONERS ARE MORE OFTEN ASSOCIATED with ruthless "downsizing" rather than the more inspiring concept of leadership. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index
TURNAROUND PRACTITIONERS ARE MORE OFTEN ASSOCIATED with ruthless "downsizing" rather than the more inspiring concept of leadership. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover
Managing a successful turnaround is tough, and it requires tough actions by "company doctors" who gallop in to rescue companies from the brink of financial death. Although most management projects require subtlety and tact, turnarounds need quick, blunt actions, such as firing top managers or selling unprofitable divisions. Stuart Slatter, David Lovett and Laura Barlow present a blueprint for people engaged in turnarounds. Using interviews with 80 turnaround specialists in the United Kingdom, the authors make their point - often more than once. The most interesting and useful parts of this volume are the short, boxed case studies in each chapter. We recommend this informative book on a little-known business topic to creditors, attorneys, accountants, venture capitalists and curious managers, as well as to specialized consultants who may become involved in turnarounds.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
3 reviews
5 of 5 people found the following review helpful
Turnaround tips for companies in crisis
12 April 2007
Format:Hardcover
Managing a successful turnaround is tough, and it requires tough actions by "company doctors" who gallop in to rescue companies from the brink of financial death. Although most management projects require subtlety and tact, turnarounds need quick, blunt actions, such as firing top managers or selling unprofitable divisions. Stuart Slatter, David Lovett and Laura Barlow present a blueprint for people engaged in turnarounds. Using interviews with 80 turnaround specialists in the United Kingdom, the authors make their point - often more than once. The most interesting and useful parts of this volume are the short, boxed case studies in each chapter. We recommend this informative book on a little-known business topic to creditors, attorneys, accountants, venture capitalists and curious managers, as well as to specialized consultants who may become involved in turnarounds.
Good book covering all the basics corporate turn around
7 April 2012
Format:Hardcover
This is quite a specific book on a specific subject and part of the message is that corporate turnaround should be left to specialists of the matter - the authors have founded a professional organization to group the specialist turn-around executives. That said, the insights are great; and the real-life examples from the first half of the 2000's quite enlightening. Having been in one of these companies it is great to know what happened behind the curtains!
A solid follow-on to Corporate Recovery
12 Sep 2009
Format:Hardcover|Amazon Verified Purchase
This is the follow-on book to "Corporate Recovery" ...read them both if you can. Kenneth H Marks, lead author of The Handbook of Financing Growth: Strategies, Capital Structure, and M&A Transactions (Wiley Finance)
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