The Art of the Turnaround: How to Rescue Your Troubled Business.
Shuchman and White advocate logical incrementalism--continual and gradual adjustments in strategy for avoiding business failure--over long-term strategic planning. In keeping with this, they outline a series of short-term steps for combating a number of turnaround challenges, such as managing receivables, reducing overhead, negotiating with creditors and handling personnel.
The text also gives detailed advice that serves to demystify the bankruptcy process. For that reason alone, even if your business is not in trouble, this book is at least worth browsing through.
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|Author:||Huggins, Sheryl E.|
|Article Type:||Book Review|
|Date:||Jun 1, 1997|
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