Reversing the slide : a strategic guide to turnarounds and corporate renewal / James B. Shein.

Format:

Book

Author/Creator:

Shein, James B., 1942-

Language:

English

Subjects (All):

Corporate turnarounds--United States--Management.

Corporate turnarounds.

Corporate turnarounds--United States--Case studies.

Working capital--United States.

Working capital.

Strategic planning--United States.

Strategic planning.

Genre:

Electronic books.

Physical Description:

1 online resource (381 p.)

Edition:

1st ed.

Place of Publication:

San Francisco : Jossey-Bass, 2011.

System Details:

text file

Summary:

"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 help executives, managers, and employees revitalize downtrodden companies. It shows how to: the stage of distress; select the tactics appropriate for each stage; 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. Shein's 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."-- Provided by publisher.

Contents:

Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal; Contents; Introduction: Conditions and Causes of Distress; Box 1: Typical Covenants Tripped by Downturns; Chapter One: The Phases of Decline and Early Warning Signs; Box 2: The Effects of Financial Shenanigans; Chapter Two: The Turnaround Tripod; Chapter Three: Leadership in a Crisis; Box 3: Governance and Leadership Issues in Family-Owned Businesses; Chapter Four: Cash Not GAAP; Chapter Five: Downsizing Is a Tool, Not a Goal; Box 4: Other Legal Issues in Announcing Layoffs

Chapter Six: The Bankruptcy Process as Sword and ShieldBox 5: State Laws; Box 6: DIP Financing; Box 7: Committee Formation; Box 8: Plan Confirmation; Chapter Seven: Managing International Turnarounds; Chapter Eight: Turnarounds at (Intentionally) Nonprofit Organizations; Box 9: Chapter 9 Bankruptcy; Chapter Nine: Turning Duds into Dreams; Box 10: Additional Issues in Valuing Distressed Companies; Box 11: Fiduciary Duties of Directors in M&A Transactions; Chapter Ten: A Different Fresh Start; Notes; Acknowledgments; About the Author; Index

Notes:

Includes index.

Includes bibliographical references and index.

ISBN:

9786613026248

9781118008478

1118008472

9781283026246

1283026244

9781118008454

1118008456

OCLC:

707367751