With the rising complexity of the business environment due to intensified competition, rapid technological advances and varied customer base, corporations by the dozen are failing, taking away assets worth millions of dollars and the jobs of thousands of people. At stake are are financial (socio-economic) and emotional losses. Would you like the company to bleed profusely and let it die, or can you quickly put in place an arresting mechanism? Going with the gut and staying put to basics, many companies have revived their fortunes with an exceptional turnaround strategy.
Chronicled in this book are some of those success stories. With the aim of highlighting the various factors responsible for a corporate decline and providing valuable insights into the strategies adopted by various turnaround specialists and the challenges they faced in implementing them, the book has complied some of the finest case studies on turnaround efforts of some of the famous corporates. The case studies in this book cover diverse industries and provides insights into the strategies of dealing with troubled corporates in a real-life environment.