Corporate Recovery


Book Description

An insightful book filled with practical advice on what to do with a corporation that is about to fail unless corrective action is taken.




Corporate Turnaround


Book Description




Case Studies on Turnaround Strategy


Book Description

The book has effectively presented a string of cases which have put the turnaround strategy adopted by global companies under a searchlight. Organizational decline and turnaround management have emerged as important business management issues addressed and discussed all over the world. The companies often hit the pits of performance and growth and need to devise strategies that would effectively bail them out of that situation. In their attempt to emerge from a precarious situation, companies have adopted several measures. The book optimally covers a few of such turnaround strategies namely- Change in existing corporate strategy, Retrenchment of assets and people, Upgrading technology, Financial restructuring and Organizational change, through some exemplary case studies. The debacle that many companies have faced in their business proposition and procedure has often led to a growth trap and unprecedented loss for them; it is, then, that the management of such companies has embarked on sharp strategies for making a come back and turning around to retrace the growth path. It may happen that, in order to get excessive growth, organizations adopt a series of unrelated diversifications which, in turn, dilute their core business. They unknowingly fall back on business strategies that backfire and create financial and organizational distress. The book takes account of such a situation in some companies and how they have risen from the debris to get back on the racing track of sound financial health and growth. The case studies in this book also take stock of the pros and cons of the strategies that were embraced as turnaround measures by the companies, they showcase the sustainability of such strategies and their all round effectiveness. Thus the book stands out as good reading for future managers and strategists.




The Turnaround Strategies of Jim Harbaugh


Book Description

Jim Harbaugh, Head Football Coach for the University of Michigan, could arguably be called the Best Turnaround CEO in the nation. He has taken over programs at the University of San Diego, Stanford University, the San Francisco 49ers, and the University of Michigan, and immediately achieved success. Within one year, Harbaugh was able to change the culture and create a winning program. In this leadership case study, we cover the strategies and techniques that Harbaugh incorporates to turnaround a losing program. Covering examples from all of his previous coaching jobs, The Turnaround Strategies of Jim Harbaugh will teach you how to pull the brakes on a losing program and to change direction. In this brief case study, you'll learn some key takeaways such as:-How a book written for tech CEO's is constantly recommended by Jim Harbaugh to his players and staff.-The importance of focusing on the important issues facing the team.-How to change the incentives and rewards for your organization to make sure they are in line with your goals.-How competition can be used to create accountability and transparency. Whether you are a coach taking over a new team or a manager being promoted to a new department, the lessons of Jim Harbaugh can help you start off your new assignment with success.




Right Away & All at Once


Book Description

An expert in business turnaround shares his inspiring approach to problem-solving: “A fascinating read” (Mitt Romney). Visionary leader Greg Brenneman believes that true business success and personal fulfillment are two sides of the same coin. The techniques that will grow your business will also help you achieve a rich, purposeful, and integrated life. Here, Brenneman takes what he’s learned from turning around or tuning up many businesses—including Continental Airlines and Burger King—and distills it into a simple, clear, five-step roadmap that anyone can follow. He teaches you how to: *prepare a succinct Go Forward plan *build a fortress balance sheet *grow your sales and profits *choose all-star servant leaders *empower your team For more than thirty years, Brenneman has seen these steps foster dramatic results in a variety of business environments. But he also came to realize that he could apply these same principles to improve his life and build a lasting moral legacy. He found he could make better decisions by carefully taking the most important facets of his life—faith, family, friendship, fitness, and finance—into consideration. Brenneman’s inspiring examples, from both his business and his life, demonstrate the astounding effects these steps can have when you apply them—right away and all at once.




Growth or Bust!


Book Description

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.




Case Studies in Strategic Management


Book Description

Most business schools use case studies in their courses. However, these are typically based on past cases and assigned to students to solve. This book describes a new approach for teaching with case studies, which was developed and applied successfully at TUM School of Management. In this approach, student teams write and solve their own case study on a topic concerning current and future businesses. A case can thus be on their own startup or a strategic decision of existing companies. During the course, the students receive intensive coaching while selecting and developing the case topic by the course advisors as well as feedback by industry experts and executives for whom the case is actually a burning question. The authors present 17 cases covering strategic questions for startups and technology companies such as Deutsche Post, BMW, Ryanair, Lufthansa, Stadtwerke München, Fielmann, adidas, Siemens, Caribou Biosciences, eon, Airbus, Unicredit and UBS.




Leading Corporate Turnaround


Book 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 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




Enduring Myths That Inhibit School Turnaround


Book Description

The concept of school turnaround—rapidly improving schools and increasing student achievement outcomes in a short period of time—has become politicized despite the relative newness of the idea. Unprecedented funding levels for school improvement combined with few examples of schools substantially increasing student achievement outcomes has resulted in doubt about whether or not turnaround is achievable. Skeptics have enumerated a number of reasons to abandon school turnaround at this early juncture. This book is the first in a new series on school turnaround and reform intended to spur ongoing dialogue among and between researchers, policymakers, and practitioners on improving the lowest-performing schools and the systems in which they operate. The “turnaround challenge” remains salient regardless of what we call it. We must improve the nation’s lowest-performing schools for many moral, social, and economic reasons. In this first book, education researchers and scholars have identified a number of myths that have inhibited our ability to successfully turn schools around. Our intention is not to suggest that if these myths are addressed school turnaround will always be achieved. Business and other literatures outside of education make it clear that turnaround is, at best, difficult work. However, for a number of reasons, we in education have developed policies and practices that are often antithetical to turnaround. Indeed, we are making already challenging work harder. The myths identified in this book suggest that we still struggle to define or understand what we mean by turnaround or how best, or even adequately, measure whether it has been achieved. Moreover, it is clear that there are a number of factors limiting how effectively we structure and support low-performing schools both systemically and locally. And we have done a rather poor job of effectively leveraging human resources to raise student achievement and improve organizational outcomes. We anticipate this book having wide appeal for researchers, policymakers, and practitioners in consideration of how to support these schools taking into account context, root causes of low-performance, and the complex work to ensure their opportunity to be successful. Too frequently we have expected these schools to turn themselves around while failing to assist them with the vision and supports to realize meaningful, lasting organizational change. The myths identified and debunked in this book potentially illustrate a way forward.




Corporate Turnaround Artistry


Book Description

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.