Taking Charge: Management Guide to Troubled Companies and Turnarounds - Softcover

Whitney, John O

Softcover

ISBN 10: 1893122034 ISBN 13: 9781893122031

Publisher: Beard Books, 1998

Synopsis

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.

About this title

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 Inside Flap:

A business fails every hour of every day in the United States. Why? What kinds of problems have these businesses run into? And what steps can corporate executives and managers take to avoid the same fate for their own companies? Why Companies Fail answers these questions and more, in 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. Author Harlan D. Platt identifies five major financial traps that can lead to failure, and illustrates each trap with actual cases of well-known companies, including Wickes, W.T. Grant and Braniff. Dr. Platt offers distressed companies hope, too, with examples of asset, liability and corporate maneuvers that can help guide failing businesses to firmer ground.

About this edition

• Publisher: Beard Books
• Publication date: 1998
• ISBN 10: 1893122034
• ISBN 13: 9781893122031
• Binding: Paperback
• Number of pages: 300