Turnarounds
Article Abstract:
Turnaround managers specialize in helping troubled companies to reorganize and develop solutions to problems. A company typically experiences problems for a number of reasons including: unpredictable external market elements, such as competition, and poor management of internal elements, such as finance or production. Turnaround managers need to be given free reigns of a company so they can react quickly to changes. The general types of turnarounds are: strategic turnarounds; operational turnarounds; and financial turnarounds. The implementation strategies include: revenue generating; market refocusing; and cost cutting.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1989
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New industrial service development: scenarios for success and failure
Article Abstract:
The development of new industrial services assures a company of continued growth. These new services can be defined into five major categories. Successful scenarios or situations that firms must consider include customized, expert service, planned pioneering venture and improved service experience. On the other hand, companies must avoid the peripheral, low market potential service and the poorly planned industrialized clone.
Publication Name: Journal of Business Research
Subject: Business, general
ISSN: 0148-2963
Year: 1995
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Curing sick businesses: changing CEOs in turnaround efforts
Article Abstract:
A prescriptive framework for implementing managerial change under conditions of declining performance is presented. A situation-specific analysis is recommended for decision makers such as board members and corporate executives when determining whether a current chief executive officer (CEO) or a replacement should lead a turnaround effort. Cost considerations are highlighted as essential to justify a CEO change.
Publication Name: The Academy of Management Executive
Subject: Business, general
ISSN: 0896-3789
Year: 1992
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