2010-2011 Academic Catalog

May 14, 2024

2010-2011 Academic Catalog [ARCHIVED CATALOG]

MGMT 5806 - Turnaround Management

The class will address challenges faced by struggling companies that are in or headed towards financial distress. They could be public or privately held, stand alone or divisions of larger companies. These companies were once successful but due to a variety of factors have lost their way. We will examine the 5 stages of a turnaround: stopping the bleeding, introducing stability, creating upward mobility, finding the “sweet spot” of the business and methods to avoid heading back towards financial and strategic problems. The class will deal with the financial, operations and marketing options to drive the turnaround. The student will learn specific techniques to improve cash, earnings, efficiency and customer satisfaction. We will also focus on the process of change management. These steps are critical as the business techniques and involve: developing throughout the organization a sense of urgency, creating and communicating a vision, empowering others to act to drive improvement and sustaining the process. The course will use case studies and readings and require participation in class discussions by all students.

Prerequisites: ACCT 4100, FIN 4200.

When Offered: Offered periodically - 7 week course

Faculty: TBA