Content

Crafting Solutions for Troubled Businesses

A Disciplined Approach to Diagnosing and
Confronting Management
Challenges

Organization of Information:

I.      Conceptual Approach and Key Issues

Sets forth the framework of our approach and discusses our view of key issues that arise in every turnaround or troubled company situation.

II.     Managing the Crisis

Discusses the challenges and pitfalls that arise near the zone of insolvency and how critical liquidity issues and conflicting agendas of opposing parties can threaten to derail the pursuit of maximum value.

III.    The Diagnosis Process

Presents the specific diagnostic process actions necessary to obtain a full understanding of a financially troubled company, including its history and trends, competitive situation, internal resources, strengths and weaknesses.

IV.    Alternatives and Action Plans

Steps to take related to determining strategy, evaluating risk/rewards,     obtaining consensus, cooperation and support, and ensuring that the right management and resources are in place

V.     Lessons Learned in 100 Completed Assignments

A distillation of more than 50 years of the authors’ experiences with   financially troubled companies. Patterns and perspectives we have found illuminating and instructive.

Interspersed throughout the book, the Authors’ offer numerous brief “case histories” to illustrate the practical application of their observations and recommendations.

Selected Key Topics Discussed:  

  • “KUIL” Concept of Management (Knowledge, Understanding, Insight and Leadership)
  • Assessing Management Efficiency and Suitability
  • Description of Critical Management Deficiencies
  • Better Management Through Control of Cash
  • Guidelines for Evaluating Turnaround Potential
  • Defining and Evaluating Internal vs. External Problems
  • Use of Bankruptcy as a Turnaround Tool
  • Supplemental Data and Exhibits:
  • Authors’ Casebook Project Descriptions [42 selected examples]
  • Risk Assessment Checklists
  • Recommended Further Reading Lists
  • Various Statistical Compilations Extracted From Authors’ Experience Library

Supplemental Data and Exhibits:   

  • Authors’ Casebook Project Descriptions [42 selected examples]
  • Risk Assessment Checklists
  • Recommended Further Reading Lists
  • Various Statistical Compilations Extracted From Authors’ Experience Library
  • Better Management Through Control of Cash