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Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal by James B. Shein

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Chapter 7. Managing International Turnarounds

In the days before globalization significantly flattened the business world, a turnaround took on an international character only for huge multinational organizations. This is no longer the case, as the increases in the global scope of even middle market businesses means that almost all turnarounds now have some international aspects that must be considered. This could be because the distressed company sources from foreign suppliers, has operations (perhaps a wholly owned subsidiary) overseas, serves international customers, has loans from different countries, or lists its securities on foreign exchanges.

A vast topic such as international turnarounds could fill many books, so this one chapter cannot ...

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