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
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...
When firms are doing so badly that failure seems imminent, only turnaround management can restore performance and profitability.
Leaders whose firms are currently in crisis may want to keep Corporate Turnaround Artistry by their bedside tables. Those who have had the good fortune to avoid disaster so far would also do well to read this book.
This engaging book explains the main causes and warning signs of financial distress.
The majority of books that target troubled businesses are focused on large companies and the ones that do deal with small businesses usually focused on a specific issue such as planning or leadership.
Corporate Turnaround: How Managers Turn Losers Into Winners!
Using the tools outlined in this groundbreaking book, school leaders can guide their schools to higher levels of achievement and sustained academic success.
Tregoe, Benjamin B. and John W. Zimmerman. Top Management Strategy: What It Is and How to Make It Work. New York: Simon & Schuster, 1980. Welch, Jack with Suzy Welch. Winning. New York: HarperCollins, 2005.
In Team Turnarounds, Joe Frontiera and Dan Leidl share how this fine art of the turnaround really works, from how to inspire the team to the actual tools for change.
The company is General Motors, and this book tells how it was able to change the way important decisions were made, leading to resurgence in business across its many product lines.