Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving today’s sustainable turnarounds understand that the answers to a distressed companys problems lie almost always within the firm itself usually at middle manager level and below. The secret is cooperation. Drawing on interviews with world leading, international company doctors and advisers, as well as on the authors own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. The book uses extensive quotes and examples to illustrate leadership in practice. Written from the practitioners perspective, in an easy to read style, this book provides a framework for understanding the turnaround process as well as clearly demonstrating how experienced turnaround leaders make things happen.
Book Details:
- Author: Stuart Slatter
- ISBN: 9780470025598
- Year Published: 2006
- Pages: 248
- BISAC: BUS071000, BUSINESS & ECONOMICS/Leadership
About the Book and Topic:
Leadership is never more crucial than when corporate survival is at stake. But the days of the tough guys are over. The leaders who are driving today’s sustainable turnarounds understand that the answers to a distressed companys problems lie almost always within the firm itself usually at middle manager level and below. The secret is cooperation. Drawing on interviews with world leading, international company doctors and advisers, as well as on the authors own experience, Leading Corporate Turnarounds explores seven key leadership and management skills required for successful turnaround, and shows why quickly gaining the buy-in and trust of all stakeholders is the key to ultimate success. The book uses extensive quotes and examples to illustrate leadership in practice. Written from the practitioners perspective, in an easy to read style, this book provides a framework for understanding the turnaround process as well as clearly demonstrating how experienced turnaround leaders make things happen.
Leadership is never more important than when survival is at stake and corporate turnarounds are no exception. Management skills are a critical ingredient but exceptional leadership is required at nearly all stages of the turnaround process if a sustainable turnaround is to be achieved. Having published the extremely successful Corporate Turnaround (Penguin 1999), which talks about what to do in a turnaround, the authors decided that they would undertake a new research project to better understand the current role of leadership in turnaround situations. 75% of Society of Turnaround Professional members were interviewed and a further 10 interviews were carried out with non-members.
Written by the founding directors of the Society of Turnaround Professionals (STP), with a Foreword by the Societys Patron Sir John Harvey-Jones (former Chairman of ICI) Features international case studies from leading companies including Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper and IBM Stuart Slatter is a dynamic speaker with an extensive network in the field, and author of the internationally acclaimed Corporate Turnaround (Penguin 1999)
About the Author
Stuart Slatter is an experienced turnaround professional and author of six successful books. Thirty years experience at London Business School has given him an unrivalled reputation in both the professional and executive education worlds. His course, Managing Corporate Turnarounds, is the most popular elective on the London Business School MBA. A dynamic speaker with cutting edge ideas, Stuart is the Founding Director of the Society of Turnaround Professionals in the UK, a professional body exclusively for experienced company doctors and advisers. www.stp-uk.org David Lovett is an ex Partner at Andersen, who now runs the London office of the international, US based restructuring company, Alix Partners. A co-founder of the Society of Turnaround Professionals, David is also an experienced author. Laura Barlow is a hands on adviser working for Alix Partners. She has extensive experience working with David Lovett on a number of extremely high profile European corporate restructurings.