Book description
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.
Table of contents
- Copyright
- Introduction: Conditions and Causes of Distress
- 1. The Phases of Decline and Early Warning Signs
- 2. The Turnaround Tripod
- 3. Leadership in a Crisis
- 4. Cash Not GAAP
- 5. Downsizing Is a Tool, Not a Goal
- 6. The Bankruptcy Process as Sword and Shield
- 7. Managing International Turnarounds
- 8. Turnarounds at (Intentionally) Nonprofit Organizations
- 9. Turning Duds into Dreams
- 10. A Different Fresh Start
- Notes
- Acknowledgments
- About the Author
Product information
- Title: Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal
- Author(s):
- Release date: March 2011
- Publisher(s): Jossey-Bass
- ISBN: 9780470933244
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