Customer Reviews

Corporate Turnaround: How Managers Turn Losers Into Winners!

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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

Outstanding book on completing and navigating a corporate turnaround.

- in depth commentary, from start to finish
- tells you the context of why companies fail to produce!
- tells you how and what to do to turn it around from step 1...

I have an MBA and I found this book to be very concise on developing the right corporate strategy to get a ship moving in the right direction.

MUST HAVE RESOURCE FOR YOUR BOOK SHELF!

Despite having other books, I find that I refer to this book all whenever I need to refresh my memory about something. Very logically structured and with sufficient detail for you to get on with the job.

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.

This book goes into every imaginable facet of turning around businesses from small to very large. Though dated, his concepts still apply.Great book, worth every penny I paid!

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.