In essence, the research question was whether these theorized strategies were in fact implemented by successful turnaround
How will demand and supply for turnaround
services evolve in the future?
Collard is a Certified Turnaround
Professional (CTP), and a Certified International Turnaround
Manager (CITM), who brings 35 years senior operating leadership, $85M asset and investment recovery, 45+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, serve on boards, advise company boards, litigators, institutional and private equity investors, and raise capital.
Find resources that can help management advocate the turnaround
plan to the world and act as an "'honest broker," eliciting the cooperation of private equity sponsors and lenders simultaneously.
Hays III, CTP, is a past chairman of the Turnaround
Management Association and currently vice president of the Association of Certified Turnaround
It is the objective of the Turnaround
Management Society to bring together the knowledge of turnaround
management academics and the experience of turnaround
team needs to determine whether the accounting and reporting system produces the necessary data to produce management reports needed to run the business, and if it accurately captures all the transactions entered into by the company and lists all of its assets and liabilities.
Both academics as well as practicing managers may find this book useful and practical, primarily because it draws on the author's own experience as a turnaround
CEO at HMV and turnaround
consultant to many other companies to expand on four key components of a turnaround
framework--asset utilization, cost management, renewal and rethinking business model.
Structure of the International Turnaround
There has never been a greater need for turnaround
management than right now.
Buntrock observes, "One of the things we know about successful turnarounds
is that it's important to get some quick, visible and dramatic wins right away.
RDS was formed by assembling a team of experienced turnaround
specialists from many disciplines, specifically to address the growing need for these services in increasingly competitive and shifting markets around the country.