This book, loaded with fascinating examples of turnaround successes, is essential for every business owner. From a synopsis of why companies fail, to ways to resolve creditor problems, its strategies should be read by anyone with a faltering business.
To say that work has changed over the last years would be an understatement. With an increase in downsizing, cut budgets, working hours, customer demands and shareholder requirements, people in charge are constantly under the gun to achieve more with less. It is common now to find managers carrying out a
For more than twenty years, management expert Bruce Tulgan has been asking, What are the most difficult challenges you face when it comes to managing people? Regardless of industry or job title, managers cite the same core issues 27 recurring challenges: the superstar whom the manager is afraid of losing, the
Having a mixed culture with a mixed education, Carlos Ghosn was able to lead Nissan to the next success. Traveling from Lebanon to Brazil, then Paris and America curved his methodology and his way of thinking in a way that enables him to turn a losing company to be one of
It’s certainly true that many of the particulars of business have changed. But the fundamentals have not. The stories in this book are just as relevant now as they were back then, and the lessons learned still apply today. Each story presents people who work together, make decisions under pressure, and
Panic and confusion are normal when your business goes bad, but you'll get over your confused thinking more quickly if you learn how to clear your head so you can think straight.
Failing companies must rely upon unconventional strategies that go contrary to Management 101 principles. You can't think mostly about profits, as do well-heeled managers.
Big corporations organize in-house management teams to oversee their debt restructuring. Smaller companies rely more on their professional advisors, who better understand the workouts and can design a more objective and workable financial arrangement.
A successful loan bailout involves more than numbers, or even legal and financial one-upmanship. Those things provide the framework within which to tackle the problem loan, but loan workouts are still very much a people game. Personalities and psychology are important ingredients.
Every successful loan workout represents a logical solution to a bad situation between the borrower and the lender. It takes a borrower and lender, working together in good faith, to find that logical solution.
While there are plenty of doors, the odds of knocking on the right door can be absolutely staggering.