Corporate Turnaround

by Stuart Slatter, David Lovett

When firms are doing so badly that failure seems imminent, only turnaround management can restore performance and profitability. Chief executives, directors, 'company doctors', consultants and merchant bankers (as well as investors tracking the progress of ailing businesses) can all transform their effectiveness by understanding the basic principles.
The key to recovery lies in a rigorous diagnostic review followed by a stabilization programme designed to take control, overcome the immediate crisis and create cash (and a breathing-space) for building long-term success.

Genres: Business, Nonfiction

Paperback

First published March 25, 1999

Reviews

[Kumar · Rating 4 out of 5]

Feel like Scrooge, reading this book over Christmas. This classic London Business School text is an excellent manual for leading a turnaround. It sets up an excellent framework to think through all the key activities in leading a successful turnaround: crisis stabilization, stakeholder management, strategic refocusing, etc. Although, as others pointed out it is a bit dry in terms of real cases and what the applications of these principles can look like in practice. It makes an excellent companion to a case-centric business school course.

[Michael Wright · Rating 3 out of 5]

Reading this book often reminded me of those lectures at university where you found yourself doing a sudoku on the side. Sometimes popping your head up for a pocket of intrigue only to drop into boredom again.

Very solid theory but just too labour-intensive on the concentration span.

[Stefan Bruun · Rating 3 out of 5]

Some great frameworks but a lot of theory with nothing new to anyone slightly experienced in business or who has completed a degree in management or business administration.

[Eduardo · Rating 3 out of 5]

Good book (theoretical and dry) to learn about Turnarounds