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Taking Charge: Management Guide to Troubled Companies and Turn Arounds - Hardcover

Whitney, John O.

 
9780870949401: Taking Charge: Management Guide to Troubled Companies and Turn Arounds

Synopsis

Covers cash control, banking relationships, risk control, leadership, equity, and reorganization, and tells how to turn companies around before they need serious attention

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From the Publisher

This revealing book is a straightforward presentation of the causes of business failure and the strategies for steering a troubled company away from the threat of bankruptcy and liquidation. Five major financial traps that can lead to failure are identified, and each trap is illustrated with actual cases of well-known companies. Distressed companies are offered hope with examples of asset, liability, and corporate maneuvers that can help guide failing businesses to firmer ground.

From the Back Cover

Strained financial resources, demoralized executives, fearful employees, unhappy customers, tense bankers, angry investors, and competitors waiting to pounce--these are the classic challenges of turnarounds and troubled companies. "Taking Charge: Management Guide to Troubled Companies and Turnarounds" is a management survival guide that explores the dynamics of troubled companies from the perspective of a turnaround pro, providing a step-by-step plan for success that is punctuated with real-world examples. Topics include cash control, banking relationships, marketing risk control, leadership style, entrepreneurship, equity versus debt, and downsizing and reorganization--must reading not only for managers of troubled companies, but also for those in relatively stable companies anxious to avoid turnaround status.

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