Developing a Normative Framework for Effective Turnaround Management for State-owned Enterprises by Applying Key Learnings of Successful Turnaround Management in the Private Sector PDF Download
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Author: Matthew Torben Emanuel Publisher: ISBN: Category : Languages : en Pages :
Book Description
The study sought to understand the factors that contribute to effective turnaround management of State-owned Enterprises (SOEs), based on the extant determinants of successful private sector turnaround strategies. The purpose was to develop a normative framework for effective turnaround management in SOEs, as well as to provide a conceptual view of the potential cohesions of turnaround strategies in public and private sector management. The study was conducted in two phases. A straw framework was developed based on the literature review, consisting of generic turnaround conceptual themes. This was supplemented by three primary strategies drawn from private sector evidence. The framework was then refined and used as a basis for analysing three published cases of turnaround in SOEs, with a pragmatic view to developing a normative framework for effective turnaround management. The theoretical underpinnings of the resource-based view (RBV) were ruminated throughout the research process, and proved to be a fairly significant enabler for enhancing competitiveness through managerial-orientated competencies, during periods of turnaround. Organisational conditions varied, rendering fluctuating impacts of the ascribed strategies. However, findings indicated that well-conceived adaptions of private sector strategies were broadly effective in improving performance in SOEs.
Author: Matthew Torben Emanuel Publisher: ISBN: Category : Languages : en Pages :
Book Description
The study sought to understand the factors that contribute to effective turnaround management of State-owned Enterprises (SOEs), based on the extant determinants of successful private sector turnaround strategies. The purpose was to develop a normative framework for effective turnaround management in SOEs, as well as to provide a conceptual view of the potential cohesions of turnaround strategies in public and private sector management. The study was conducted in two phases. A straw framework was developed based on the literature review, consisting of generic turnaround conceptual themes. This was supplemented by three primary strategies drawn from private sector evidence. The framework was then refined and used as a basis for analysing three published cases of turnaround in SOEs, with a pragmatic view to developing a normative framework for effective turnaround management. The theoretical underpinnings of the resource-based view (RBV) were ruminated throughout the research process, and proved to be a fairly significant enabler for enhancing competitiveness through managerial-orientated competencies, during periods of turnaround. Organisational conditions varied, rendering fluctuating impacts of the ascribed strategies. However, findings indicated that well-conceived adaptions of private sector strategies were broadly effective in improving performance in SOEs.
Author: TILLEY Publisher: ISBN: 9781787429826 Category : Languages : en Pages : 0
Book Description
Following the highly regarded first edition, this second edition of Turnaround Management covers important legislative changes since 2018 and their significant effect on turnaround practice, particularly the EU Directive on Restructuring and Insolvency 2019 and the UK's Corporate Insolvency and Restructuring Act 2020. It covers, among other things: the evolution of turnaround;the influence of the United States Bankruptcy Code's Chapter 11 on European turnaround; andthe influence of US turnaround practice on driving change from default insolvency to a better balance of debtor and creditor interests to unlock and preserve going-concern value in distressed businesses.The importance of stakeholder management is emphasised, particularly in the light of new moratorium-based legislation, and how this can be leveraged to more consensual turnaround ahead of insolvency without compromising secured creditor collateral. Drawing on the author's 40-plus years of hands-on turnaround management experience, the reader is also guided through such key issues as cash control, operational change, business plan development and team building to implement the plans - all brought to life through case studies.Author Alan Tilley is chairman of leading turnaround boutique BM&T European Restructuring Solutions. He has operated in most jurisdictions in Europe and the US, and has been president of TMA UK, a founding director of TMA Europe and vice president international of TMA Global. Additionally, as president of the European Association of Certified Turnaround Professionals, he has led the introduction of online and exam-based training and certification of turnaround professionals.
Author: Stuart Slatter Publisher: Wiley + ORM ISBN: 1119995299 Category : Business & Economics Languages : en Pages : 278
Book Description
Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving todays sustainable turnarounds understand that the answers to a distressed companys problems lie almost always within the firm itself usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top company doctors and advisers, as well as on the authors own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Societys Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM
Author: Christoph Lymbersky Publisher: CreateSpace ISBN: 9781491074459 Category : Languages : en Pages : 82
Book Description
Introduction by Dr. Christoph Lymbersky Myths in Transformation and Turnaround by Dr. Mike Teng Business Turnaround Strategies For the Small Business Owner by Gogo Erekosima How You Can Turnaround Your European Business by Paul Najar The Three Stages of a Business Turnaround by Mark Blayney Calling in the Bomb Squad - Turnaround Situations by Dr. John Hanes Managing Turnarounds in Times of Crisis - Phases and Actions to Accelerate by Dr. John Hanes Case Study: How Turnaround Professionals and Investment Bankers Can Work Together to Maximize Shareholder Value by Randall Wright Patterson & Kurt S. Knipp Discover 10 Steps to a Successful Business Turnaround by David Willetts Turnaround Equity Investors by Mark Blayney Case Study: IBM's Transformation Business Downturns - Advantages of Retaining a Turnaround Professional by Dr. Andre Larabie Business Turnaround - Maintinin a Strong Relationship with your Creditors by Thayne Carper The Turnaround Specialist's Black Bag by Dr. Candis Best Fast Tips to Help You Formulate an Effective Business Turnaround Strategy by Heather A. Barnes
Author: Christoph Lymbersky Publisher: CreateSpace ISBN: 9781491084939 Category : Business & Economics Languages : en Pages : 826
Book Description
This is version 1.5. -------------- The ITMS is a guided system through a corporate turnaround based on over 1500 references, countless interviews and over 150 turnaround cases. It is applicable to virtually any situation and industry targeting the most common reasons why turnarounds fail while utilizing the success factors and strategies that led to successful turnarounds over the past 30 years. The ITMS is based on project management techniques and existing restructuring methods and tools, However it is not only about project management and turnarounds, it furthermore includes financial restructuring techniques, strategic & operational strategies, marketing aspects, crisis communication aspects with stakeholders (to maximize the support and minimize bad press) and internally, controlling, quality control processes, of the turnaround itself, risk management, etc., etc.Imagine you are the CEO of a troubled company or a turnaround manager. The ITMS will be a framework that is divided into different stages, in which you can easily find the situation that your company is in. Let's say you have products that don't sell well, you are in a certain competitive environment with few global players that practically own the market, and you have financial difficulties. You will find your situation in the ITMS and the ITMS will tell you proven, through our examination of more then 150 case studies, strategies out of that situation (if there is a way out). The International Turnaround Management Standard (TIMS) is a method and guided way to achieve a sustainable turnaround. The ITMS includes all possible aspects and business areas that need to be analyzed and considered when restructuring a company: Financial Strategies Strategic- & Operational Strategies HR Aspects Crisis Communication Management Project Management Techniques and Methods Change Management Controlling and Management of Risk Marketing Aspects Quality Control processes Process Improvements The standard, furthermore serves the turnaround management team as a guideline of what they need to do at what time, how to do it and who you need to provide information too and what other aspects you need to take care of. In a nutshell: The ITMS targets all the major problems why companies fail in turnarounds; insufficient support of shareholders and lenders, non-comprehensive turnarounds (with other words things where simply overseen, or not regarded as important), targeting of symptoms rather than issues, unstructured approaches to turnarounds, etc.
Author: Stuart Slatter Publisher: John Wiley & Sons ISBN: 047002559X Category : Business & Economics Languages : en Pages : 261
Book Description
Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving today’s sustainable turnarounds understand that the answers to a distressed company’s problems lie almost always within the firm itself – usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top company doctors and advisers, as well as on the authors’ own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Society’s Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM
Author: Stuart St. P. Slatter Publisher: ISBN: 9780140802337 Category : Business failures Languages : en Pages : 429
Book Description
When firms are on the brink of failure, only turnaround management can restore performance and profitability. The key is to provide profitability and cash for building long-term success. This volume contains advice on restoring confidence through effective leadership and planning. It highlights the importance of communication with stakeholders, staff, customers and suppliers, and how best to structure the capital base of an organization in order to fund recovery and future growth.
Author: Matthew Torben Emanuel
Author: Matthew Torben Emanuel
Author: Matthew Emanuel
Author: Richard S. Sloma
Author: TILLEY
Author: Stuart Slatter
Author: 
Author: Christoph Lymbersky
Author: Christoph Lymbersky
Author: Stuart Slatter
Author: Stuart St. P. Slatter