Rise Like a Phoenix
Scripting Corporate Turnarounds
Business & Finance, Management & Leadership, Management
| Author: | Pradip Chanda | ISBN: | 9789386062437 |
| Publisher: | SAGE Publications | Publication: | January 23, 2017 |
| Imprint: | Sage Publications Pvt. Ltd | Language: | English |
| Author: | Pradip Chanda |
| ISBN: | 9789386062437 |
| Publisher: | SAGE Publications |
| Publication: | January 23, 2017 |
| Imprint: | Sage Publications Pvt. Ltd |
| Language: | English |
When ailing companies are on the brink of collapse, the biggest question that owners have is whether a turnaround effort is worth shedding blood, sweat or tears over. Employees and the labour union believe that a turnaround is always possible; all that is required is a change in management. Shareholders will be sceptical and wonder whether further resources should be showered on an under-performing company, preferring to liquidate saleable assets.
This book explains how smart managers unlock the value of hidden or neglected assets to successfully turn such cases around. In proposing a ‘frugal turnaround’ approach, the book advocates tapping the existing resources rather than just pumping money or changing top leadership.
When ailing companies are on the brink of collapse, the biggest question that owners have is whether a turnaround effort is worth shedding blood, sweat or tears over. Employees and the labour union believe that a turnaround is always possible; all that is required is a change in management. Shareholders will be sceptical and wonder whether further resources should be showered on an under-performing company, preferring to liquidate saleable assets.
This book explains how smart managers unlock the value of hidden or neglected assets to successfully turn such cases around. In proposing a ‘frugal turnaround’ approach, the book advocates tapping the existing resources rather than just pumping money or changing top leadership.
