Focus on the Engine in a Turnaournd
When a company is in trouble, management must side-step the external stresses and focus more on core profit generating activities.
Existing Management Caused the Trouble
Management sponsored turnaround plans always boil down to: i) tweaking the existing business plan; and, ii) getting more money. But, every troubled business is troubled because existing management was ineffective.
The Year of the Turnaround (with ten tips for a successful turnaround)
Those who know us best will tell you Range Advisors excels at providing going concern solutions to troubled companies. Over the coming weeks and months, we will explore tips and guidance from the turnaround trenches. Inside are 10 turnaround tips to get you started.
Why Peter Drucker Distrusted Facts – HBR
“No one has ever failed to find the facts they are looking for.” Peter Drucker