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Management - Crisis Management /Turnaround Management

The information on this page covers several aspects of crisis management and turnaround management. A very important issue are early warning signs, since chances for a successful turnaround are best in the early stages of a crisis.
Management of a crisis involves managerial issues such as analysis of the causes, interim management, development and execution of a turnaround plan, as well as legal issues and issues of communication with various internal and external stakeholders.  
 

 

 
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10 December 2006
 

Directory
7 Corporate Red Flags Lax accounting, neglect of cash needs, supply-chain inadequacies, dirty data, faulty HR policies, weak governance and lack of contingency planning before a crisis can sabotage a business. Proactive CFOs head off such problems before they cause damage.  
A Guide for Acquiring Businesses in Bankruptcy - Part I This paper is intended as a guide for recognizing opportunities and developing creative strategies for acquiring businesses in bankruptcy TOP
A Guide for Acquiring Businesses in Bankruptcy - Part II Techniques for Making Acquisitions TOP
Altman Z-Score A Predictor for Bankruptcy. With links to worksheets that will indicate the short-term potential for financial problems at the company  
Article 9 of the Uniform Commercial Code What you must know about the new article 9. Pdf-file  
Bancruptcy Statistics for Canada  
Bankruptcy as a Legitimate Business Tool    
Business Crisis Trend Report 1999 Highlights crisis categories, most crisis prone industries, crisis prone organizations, causes of organizational crisis  
Can Early Detection Thwart Business Disasters? Wouldn't it be nice if impending corporate disasters had an early-warning system, the way fainting canaries used to warn coal miners of a gas leak?  
Chapter 11  The Use of Chapter 11 Bankruptcy By A Debtor-Tenant  
Chapter 11 II All About Chapter 11 Committees of Unsecured Creditors  
Corporate Ownership Structure and the Evolution of Bankruptcy Law in the US and UK this paper offers an account of the complementarities between bankruptcy law and ownership structure, which it is argued can explain developments in both the UK and the US. Pdf-file 2002  
Crisis Communications: Managing corporate reputation in the court of public opinion In a time of crisis, conventional management practices are inadequate and ways of responding usually insufficient. David Weiner, a communications practitioner with global experience, details a well-managed crisis response that will leave stakeholders with a favourable impression and renewed confidence in the affected company.  
Customising your Disaster Recovery Plan Your business is unique, your DRP should be too  
Definitions Crisis definition, assessing the severeness of a crisis  
Doing Business with Troubled Companies This article addresses protecting against a customer's bankruptcy, prebankruptcy remedies available upon a customer's default, and the impact of bankruptcy on collection strategies.   
Everyday Crisis Management Companies need to focus on crisis preparedness as a whole guarding their most important asset-their people.  
Five Questions to Resolve Any Conflict    
High Tech Product Turnaround  What can a High Tech Turnaround Specialist achieve and in what circumstances ? What steps does the Specialist follow ? What should a business expect ? Selecting a Specialist.  
How Attorneys Can Save A Troubled Client The attorney should be aware that many of the failures can be avoided if a company recognizes its problems early and acts on them in time.   
How prepared are you? Questions that help you to assess how prepared you are for a crisis  
How to Avoid Blame in the Aftermath of a Crisis Regardless of the actual causes of and liabilities for a crisis, whenever one occurs people look around for someone to blame. Should a crisis hit your company – whether or not you are actually at fault – you still must be ready to defuse and minimize the potential for blame.  
How to Negotiate Debts Stories of two companies who got into serious trouble and how they managed to pull themselves out  
Insolvency Predictions Formulas that predict business failure!  
Insolvency Terms  Glossary  
Insolvent Abuse: Regulating the Insolvency Industry There are no state guaranteed markets for mathematicians, scientists, engineers, designers or computer experts, but the insolvency practitioners enjoy a market guaranteed by the state. This monograph draws attention to the shortcomings of the insolvency industry. It draws attention to real-life cases showing that the insolvency industry is out of control. (UK) pdf-file  
Moving Beyond Denial: Exploring the Barriers to Learning from Crisis This paper seeks to explore the possible barriers that exist to effective organizational learning in the wake of crisis events. The paper outlines the nature of the crisis management process and identifies a number of barriers to the learning process. The paper concludes by suggesting ways in which organizations can develop more effective learning capabilities for crisis events. file-file  
Nine Early Warning Signs of a Troubled Company    
Planning Mistakes Six planning mistakes companies make. Pdf-file  
Six Critical Steps in the Turnaround Process: An Owner’s Viewpoint    
Stakeholders in a Crisis Key stakeholders, coordinating stakeholder communication  
Surviving In A Sea of Illiquidity Five steps for keeping a doomed company alive; the role of the turnaround manager.  
Ten Steps to a Successful Turnaround For small businesses  
The ABCs of Business Continuity and Disaster Recovery Planning If something really nasty happened, could your business get back up and running? More important, how would you continue to make money? Here's how to plan for the worst. 2004  
The Cycle of Corporate Distress, Rescue and Dissolution A Study of Small and Medium Size UK Companies. Pdf-file  
The Operational Audit An Overlooked Tool. This is a preferred option for dealing with a covenant default  
The Seven Deadly Sins a Turnaround Manager Commits    
The Show Must Go On Having a contingency plan and being able to execute it will ensure the bottom won't fall out of your bottom line.   
To File Or Not To File Deciding The Path of a Troubled Company  
Turnaround Plan It's not a Turnaround Plan Until Several Groups Say it is: How to Communicate with Committees and Groups  
Turnaround Specialists How They Help The Attorney. The Role of a Crisis Manager and How To Hire One  
Walking on water or sinking without a trace? Six behaviors that describe strong crisis leaders. Pdf-file 108 KB. 2004  
Why do Companies really Fail? I Most people talk about a 'failure to execute', but Angel Mehta argues that there is something even more fundamental behind the majority of corporate failures - especially for startups. The first of a series of articles on a mission critical success factor that ranks among the lowest of business priorities.   
Why do Companies really Fail? II In this follow up to his article on the importance of emotional maturity, Angel Mehta delves further into the topic of why companies fail to execute. Drawing on his experiences in executive search, Angel describes two tragic flaws that ruin executive careers and often represent the 'real' reason behind organizational failure.  
Your Good Name: After You've Lost It What do you do when a scandal destroys your company's reputation? You rebuild it -- step by painstaking step -- but the outcome isn't always happy.  

 
 

 

 
Publications   Literature
Thoughts on the Lifecycle of Corporations
By Dagmar Recklies 
Experience shows that the time span of successful corporate activity is not endless in most cases. Of course, there are many corporations with a history of 50 years and longer. Nevertheless, the number of companies – no matter what size – that have been existing for 100 years or even longer is much smaller. This article looks at some reasons why older companies are more inclined to failure then younger ones.
 
 

Crisis Leadership Now: A Real-World Guide to Preparing for Threats, Disaster, Sabotage, and Scandal
by Laurence Barton
Barton takes you through his journey of advising senior executives on crisis events and examines:
* The characteristics that define a true crisis
* Proven strategies to help you understand and respond to early warning signals
* Ways to mitigate threatening situations
* How to effectively communicate your decisions in a timely manner to employees, shareholders, customers, and other constituencies
 

 

Ongoing Crisis Communication: Planning, Managing, and Responding
by W. Timothy Coombs
This book provides an integrated approach to crisis communication that spans various disciplines as well as the entire crisis management process. Drawing on firsthand experience in crisis management, author W. Timothy Coombs uses a three-staged approach to crisis managementpre-crisis, crisis, and post-crisis. A truly integrative and comprehensive text, this book explains how crisis management can prevent or reduce the threats of a crisis, providing guidelines for how best to act and react in an emergency situation.

 

 

Harvard Business Review on Crisis Management (A Harvard Business Review Paperback)
In the rapidly changing world of business, close calls and near misses are not uncommon. Obtaining the managerial skills and tools to effectively manage or avoid these crises is critical to the survival and success of your organization. Harvard Business Review on Crisis Management highlights leading ideas on how to deal with difficult situations, crises, and other sensitive topics in a business environment.

 

 

 
     

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Status: 23. März 2008