Introduction

The turnaround book

The richness of the text resides in it proposing turnaround solutions leveraging both in-house professionals and competent company doctors committed to the challenge.

Carlos Faccina

(philosopher, chairman of Business School São Paulo, former Nestlé Brazil officer)
This is a vital book for a country renewing itself. It is necessary to highlight the need to well manage corporate recovery and restructuring. That is the purpose of this book. Lawyers, Judges; consultants, accountants; managers, creditors: all of them will gain from the lessons throughout its pages.

Maílson da Nóbrega

(economist; partner of Tendências Consultoria Integrada; former Brazil Minister for the Economy)
This text could help many entrepreneurs to review their businesses, giving them courage, boldness and vision; an intake to the desire of them all: to perpetuate their business.

Ozires Silva

(engineer; dean in UNIMONTE; former Brazil Minister for Infra-structure and CEO of Embraer, Petrobras and Varig)

Introduction

When firms are on the brink of failure, only turnaround management can restore performance and profitability. The key is to provide stability and create cash (and a breathing space) for building long-term success. This fully revised edition provides practical advice on restoring confidence through effective leadership and planning. It highlights the importance of communication with stakeholders, staff, customers and suppliers, and how best to structure the capital base of an organization in order to fund recovery and future growth. Essential reading for chief executives, consultants and merchant bankers (as well as investors tracking the progress of ailing businesses), this book offers a definitive set of tools and techniques.

“Perfection consists not in doing extraordinary things, but in doing ordinary things extraordinarily well.”

Angelique Arnauld