Drawn from the author's decades of experience advising, purchasing, and reviving distressed companies across industries, geographies, and sizes, Reversing the Slide is designed to help help executives, managers, and employees revitalize downtrodden companies. It shows how to: the stage of distress; select the tactics appropriate for each stage; understand the use of entrepreneurial concepts; avoid pitfalls common to turnarounds; determine the legal, financial, strategic, and operational steps in the process; discover why the principal of "ready, fire, aim" should guide the decision-making process in situations with time pressure and significant uncertainty; and uncover the secrets of effective leadership and governance.
- Contains step-by-step instructions for helping troubled organizations bounce back with vigor
- Often quoted in the Wall Street Journal, the author is an authority on restructuring and downsizing
- Offers a handbook for implementing a successful corporate turnaround
Shein's insightful advice on what works, what does not, and why it will prove invaluable to executives, managers, and employees in helping troubled companies before it's too late.
Keywords: help for distressed companies, managing companies in trouble, what stage of distress is a company in?, tactics for reversing troubled companies, entrepreneurial concepts to renew companies, pitfalls common to turnaround situations, legal steps in business turnaround, financial steps to business turnaround, strategic steps to business turnaround, and operational steps in a business turnaround, "ready, fire, aim" in business turnaround decision-making, leadership in business turnarounds