turnaround

Framework for Achieving a Successful Turnaround [SLAT99, S.74-103]

Kommentar verfassen / Interim Management, Prozesse, turnaround / Von

Stuart Slatter and David Lovett developed an approach for achieving a successful turnaround that consists of seven essential ingredients and an implementation framework consisting of seven key workstreams. Characteristics of the appropiate remedy are that it must: address the fundamental problems takle the underlying causes (rather than the symptoms) (comment D.Dold: like lean approach „root …

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Root Cause for Corporate Decline [SLAT99, S.19-52]

Kommentar verfassen / Interim Management, turnaround / Von

Successful interim manager need to analyze each interim assignment upfront. As a very good starting point, you should check the thirteen principal causes of decline: INTERNAL CAUSES Poor management Inadequate financial control Poor working capital management High costs Lack of marketing effort Overtrading Big projects Acquisitions Financial policy Organizational inertia and confusion EXTERNAL CAUSES Changes …

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