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Rating: 
Summary: Definitely a primer for turnarounds
Review: For those who need an introduction to corporate turnarounds, look here! Tells you what they are about, and what are the keys to a good turnaround. However for those looking to turn around a failing company, you would still best be served looking for a professional consultant granted every case is unique.
Rating:
Summary: Definitely a primer for turnarounds
Review: For those who need an introduction to corporate turnarounds, look here! Tells you what they are about, and what are the keys to a good turnaround. However for those looking to turn around a failing company, you would still best be served looking for a professional consultant granted every case is unique.
Rating:
Summary: Right on Target
Review: I just reordered two more copies of Corporate Turnaround by Donald Bibeault.I am an investment banker who, on occasion, has a client that gets into financial trouble. I find the book very helpful in both organizing a turnaround plan for the client as well as in coaching the client in taking corrective action. When I first read Dr. Bibeault's book, I immediately recognized that this author knew exactly what happens to a troubled company and has mastered the tools of recovery from practical experience and not from some academic research. Bibeault's turnaround steps are simple and realistic and therefore can be applied in a variety of circumstances. Each time that I encounter a turnaround situation, I offer my client a copy of Corporate Turnaround with relevant passages highlighted. As a first step, I always turn to Chapter 19 - "The Emergency Stage", and put emphasis on the section that covers Cash Flow Analysis and Control. Building a chart similar to the one showing a cash flow plan is an especially useful way to get started in the right direction. I am delighted to see that this book is back in print because it's the best in its field. And in my case, its teachings have helped to save a number of companies from almost certain bankruptcy. Jim Herrmann
Rating:
Summary: Right on Target
Review: I just reordered two more copies of Corporate Turnaround by Donald Bibeault. I am an investment banker who, on occasion, has a client that gets into financial trouble. I find the book very helpful in both organizing a turnaround plan for the client as well as in coaching the client in taking corrective action. When I first read Dr. Bibeault's book, I immediately recognized that this author knew exactly what happens to a troubled company and has mastered the tools of recovery from practical experience and not from some academic research. Bibeault's turnaround steps are simple and realistic and therefore can be applied in a variety of circumstances. Each time that I encounter a turnaround situation, I offer my client a copy of Corporate Turnaround with relevant passages highlighted. As a first step, I always turn to Chapter 19 - "The Emergency Stage", and put emphasis on the section that covers Cash Flow Analysis and Control. Building a chart similar to the one showing a cash flow plan is an especially useful way to get started in the right direction. I am delighted to see that this book is back in print because it's the best in its field. And in my case, its teachings have helped to save a number of companies from almost certain bankruptcy. Jim Herrmann
Rating:
Summary: Great for all managers, not just turnarounds
Review: This book contains sound advice for all managers, not just managers of distressed businesses. Knowing and understanding the danger signs of distress can help a manager stay out of trouble. Although this book was written over 20 years ago, the material is totally relevant today, especially in light of the recent IPO meltdown. It would be great reading for a CEO who must now live entirely within his own means.
Rating:
Summary: Great for all managers, not just turnarounds
Review: This book contains sound advice for all managers, not just managers of distressed businesses. Knowing and understanding the danger signs of distress can help a manager stay out of trouble. Although this book was written over 20 years ago, the material is totally relevant today, especially in light of the recent IPO meltdown. It would be great reading for a CEO who must now live entirely within his own means.
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