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The Art of the Turnaround: How to Rescue Your Troubled Business.

If your company is in trouble, no one's going to hold your hand while you work through it. However, The Art of The Turnaround: How To Rescue Your Troubled Business From Creditors, Predators and Competitors provides some practical management advice from turnaround consultant Matthew L. Shuchman and syndicated columnist Jerry S. White.

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.
COPYRIGHT 1997 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Huggins, Sheryl E.
Publication:Black Enterprise
Article Type:Book Review
Date:Jun 1, 1997
Words:133
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