Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal - Hardcover

Shein

Hardcover

ISBN 10: 0470933240 ISBN 13: 9780470933244

Publisher: Jossey-Bass, 2011

Synopsis

A just-in-time guide for revamping distressed companies Drawn from the author's decades of experience advising, purchasing, and reviving distressed companies across industries, geographies, and sizes, Reversing the Slide is designed to help executives, managers, and employees revitalize downtrodden companies. It shows how to: select the tactics appropriate for each stage of distress; understand the use of entrepreneurial concepts; avoid pitfalls common to turnarounds; determine the legal, financial, strategic, and operational steps in the process; discover why the principal of "ready, fire, aim" should guide the decision-making process in situations with time pressure and significant uncertainty; and uncover the secrets of effective leadership and governance. * Contains step-by-step instructions for helping troubled organizations bounce back with vigor * Often quoted in the Wall Street Journal, the author is an authority on restructuring and downsizing * Offers a handbook for implementing a successful corporate turnaround James Shein's Reversing the Slide is full of insightful advice on what works, what does not, and why it will prove invaluable to executives, managers, and employees in helping troubled companies before it's too late.

About this title

Product Description:

Paperback. Pub Date: 2011 Pages: 384 Publisher: John Wiley Praise for Reversing the Slide James Shein has taken The complex confusing chaotic world of Corporate Failures and turnarounds and turned it into a well-organized set of Management Principles . richly illustrated with real-world anecdotal experiences. This book is a must-read for any executive or director of a company facing severe challenges. with careful explanations of the accounting rules. fiduciary obligations. and bankruptcy processes that drive all turnaround efforts. While it is comprehensive and thorough. it is nonetheless engagingly readable throughout.-ROBERT S. MILLER. chairman of the board. AIG and veteran of numerous corporate turnarounds. including as CEO of Delphi This guide is an easy read for those interested in revamping troubled organizations . James Shein clearly articulates the basic legal and g...

From the Back Cover:

THE QUESTION is not if your business will encounter economic trouble, but when. An entrepreneur or corporate executive has only a limited amount of time to successfully redirect a business in the face of a fiscal downturn.

In our turbulent economic climate, companies need to respond at the first sign of economic hardship. Reversing the Slide offers the tools to recognize the warning signs of business underperformance and the strategies to climb back to success. With real-life examples from well-known companies, Reversing the Slide is a must-have manual for business leaders who want to ensure sustainability and growth.

This engaging book explains the main causes and warning signs of financial distress. Once these problems are identified, Reversing the Slide gives leaders the skills to seamlessly carry out three key changes known as the Turnaround Tripod: Strategic changes, Operational changes, and Financial changes. The author also illuminates the complex details of company downsizing and the pros and cons of bankruptcy.

Reversing the Slide is designed to be flexible and can meet the needs of nonprofit organizations as well as business professionals. It includes international turnaround tactics and offers valuable advice on how to locate, purchase, and revive a failing business as an entrepreneurial investment. Fiscally strong companies will appreciate the book's guidelines to help them focus on and strengthen their core competencies as well as help spot a customer or supplier in trouble.

Reversing the Slide is a hands-on resource for all entrepreneurs and managers. No business or nonprofit is exempt from fiscal challenges; Reversing the Slide offers the insight needed to overcome economic and performance setbacks.

About this edition

• Publisher: Jossey-Bass
• Publication date: 2011
• ISBN 10: 0470933240
• ISBN 13: 9780470933244
• Binding: Hardcover
• Edition number: 1
• Number of pages: 384