The turnaround survival guide

Article Abstract:

Managers facing a crisis can survive such a trying period and emerge with a newly reorganized company through a process called the 'workout.' Several useful techniques are offered to these beleaguered managers. Among these techniques are hiring a crisis manager who will lead the company through six stages. These six stages are diagnosing the crisis, mitigating the crisis, generating cash and preparing, negotiating and implementing a turnaround plan.

Methods, Management, Crisis management, Corporate turnarounds, Turnaround management

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Locking on to teamwork

Article Abstract:

A family-owned business sees the rewards in hiring an external CEO to help in business expansion. Michael Zane and brother Peter are owners of Kryptonite Corp., a lock manufacturing company. The hiring will enable them to focus at what they are good at.

Hardware Manufacturing, Hardware, not elsewhere classified, Bicycle Locks ex Combination, Human resource management, Appointments, resignations and dismissals, Safety equipment and supplies industry, Safety equipment industry, Chief executive officers, Padlocks, Family-owned business enterprises, Family-owned businesses, Cycling equipment, Kryptonite Corp.

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