Recognising and dealing with business distress : building resilient companies / Stephen Parkinson, Marjan Marandi Parkinson.

Format:

Book

Author/Creator:

Parkinson, Stephen (Professor of management), author.

Parkinson, Marjan Marandi, author.

Language:

English

Subjects (All):

Organizational resilience.

Organizational change.

Business failure--Prevention.

Business failure.

Strategic planning.

Physical Description:

1 online resource (218 pages)

Place of Publication:

Berlin ; Boston : De Gruyter, [2023]

Summary:

Businesses fail – some spectacularly and suddenly, others more gradually over time. In some companies business decline can be turned around or at least delayed. In many others there is no option other than business closure. Over the past twenty years the rate of business failure has accelerated. Insolvency rates are high not just for small businesses but also for large well known public companies. Identifying possible causes of business distress is now recognised as an important agenda item. Creating the capacity to bounce back from such distress – business resilience – has become a priority. The authors blend their own practical experience, academic research and a systematic analysis of recent high profile cases including Flybe Group Plc, Arcadia Group Ltd, Carillion Plc, NMC Health Plc and Thomas Cook Group Plc in a review of potential causes of business distress and key resilience drivers. This is presented in detail in separate chapters covering business purpose, board effectiveness, the quality of strategic planning, financial stewardship, risk management, business turnaround strategies and director duties in times of business distress. The book sets out a practical benchmarking framework in the form of a toolkit with a series of detailed evidences – performance indicators – that companies can use to assess potential business distress and build a resilient company.

Contents:

Intro

Contents

Preface

Acknowledgements

1 Building resilient companies

2 Purpose and the effective board

Case study: Flybe Group plc

3 Resilient planning

Case study: Arcadia Group Ltd

4 Financial stewardship

Case study: Carillion plc

5 Risk management and KPIs

Case study: NMC Health Plc

6 Business turnaround

Case study: Thomas Cook Group plc

7 Directors' duties

8 Benchmarking strategic governance

References

List of tables

List of figures

Index.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

3-11-068949-9

OCLC:

1350570811