BNET Business Dictionary
Business Definition for: Turnaround Management
- the implementation of a set of actions required to save an organization from business failure and return it to operational normality and financial solvency. Turnaround management usually requires strong leadership and can include corporate restructuring and redundancies, an investigation of the root causes of failure, and long-term programs to revitalize the organization.
Additional Resources
- Dr. Sam Goodman has Joined Crossroads in Its Turnaround Management Practice
- NEWPORT BEACH, Calif.--BUSINESS WIRE--July 28, 1999-- "With his multi-industry experience and credentials, Sam Goodman brings to Crossroads a successful track record of assisting companies in turnaround situations that spans three decades." --Dennis Simon, Managing Principal Dr. Sam Goodman, a specialist in turnaround management, has joined...
- Research articles 1999-07-28
- LI Turnaround Management Assn. adds to board
- Jeffrey L. Bass was recently appointed to the board of the Long Island Turnaround Management Association, in Woodbury. Bass, the principal of Margolin, Winer & Evens LLP, an accounting and business advisory firm in Garden City, is also chairman of the Long Island Capital Alliance, a business and...
- Research articles 2004-05-07
- Turnaround Project Management Primer - Turnaround Management
- Plant turnarounds constitute the single largest identifiable maintenance expense. Controlling turnaround costs and duration represents a definite challenge. Its potential for cost savings is dramatic, and it directly contributes to the Company's bottom line profits. Time-tested and proven systems and procedures can facilitate the flow of information and decisions within...
- White papers 2003-01-01
- Robert B. Gowens Joins Phoenix Management Services, Inc. as Director
- Gowens' Turnaround Consulting Experience Adds to Firm's Strength PHILADELPHIA -- Turnaround and capital advisory firm Phoenix Management Services, Inc. has hired Robert B. Gowens as a Director in the firm's Atlanta office. Mr. Gowens brings more than 36 years of senior leadership experience to the Phoenix team's unique blend...
- Research articles 2007-11-19
- John A. Leach Joins Phoenix Management Services, Inc. as Director
- Turnaround and Capital Advisory Firm Augments Staff with Internationally Seasoned Professional PHILADELPHIA -- Turnaround and capital advisory firm Phoenix Management Services, Inc. has hired John A. ("Jack") Leach as a Director. Leach will work with distressed and growth-oriented middle market companies to deliver Phoenix's unique blend of turnaround management,...
- Research articles 2007-07-10
- Managing Directors of Phoenix Management Services Assuming Leadership of Company; E. Talbot Briddell, Former President and Founder, to Continue Active Client Management
- PHILADELPHIA -- Turnaround management firm Phoenix Management Services (www.phoenixmanagement.com) announced today that its five-person management team will succeed E. Talbot ("Tal") Briddell as the leadership of Phoenix Management Services. After 20 years as President and Founder of Phoenix Management, Briddell will remain as Managing Director and will continue to provide...
- Research articles 2006-02-16
- Crisis Management: TMA NV Gives Tips on How to Navigate Your Best Corporate PR Side in the Face of a Crisis: April 23
- LAS VEGAS -- The Turnaround Management Association of Nevada will deliver tips on how to mitigate corporate public relations disasters in the face of a crisis or turnaround at its April 23 meeting - Damage Control: How to Manage PR in the Face of a Turnaround. Lisa A. Rose, Senior...
- Research articles 2008-04-03
- Dr. David Friend Joins Alvarez & Marsal as Managing Director; Former Senior Partner at Watson Wyatt Brings Rich Background in Pension, Investment Management and Health Care Consulting
- NEW YORK -- Alvarez & Marsal, a global professional services firm, announced that David Friend M.D., a veteran executive with extensive expertise in pension, investment and healthcare finance as well as turnaround situations, has joined the firm as a managing director and member of the firm's North American Turnaround Management...
- Research articles 2005-05-24
- Phoenix Management Services Names James Fleet, Managing Director
- PHILADELPHIA -- Phoenix Management Services, a national turnaround management firm, today announced the appointment of James Fleet, (42), to Managing Director.
- Research articles 2005-02-17
- Phoenix Capital Resources Energizes Business with Dedicated Managing Partner; Vincent J. Colistra to Drive Investment Banking Division of Phoenix Management Services
- PHILADELPHIA -- Turnaround management firm Phoenix Management Services (www.phoenixmanagement.com) announced that Vincent J. Colistra will now be 100% dedicated to running Phoenix Capital Resources, the company's investment banking division.
- Research articles 2006-03-21
- Stuart M. Needleman Joins Phoenix Management Services as Director; Industry Expert to Bolster Firm's Retail Industry Practice
- PHILADELPHIA -- Turnaround management company Phoenix Management Services announced today that Stuart M. Needleman has joined the company as Director. In his new position, he will assist Phoenix clients in all aspects of business improvement with specific attention to business model assessment, Chapter 11 reorganizations, and operational reviews and improvement....
- Research articles 2006-05-17
- Phoenix Management Opens New Office in Atlanta; Industry Veteran Michael Brooks to Lead Office
- ATLANTA -- National turnaround management firm Phoenix Management Services (www.phoenixmanagement.com) announced it has hired Michael D. Brooks to open a new office in Atlanta. The Atlanta office will serve the Southeast market.
- Research articles 2006-09-20
- New Senior Associate Named at Phoenix Management Services; New Role Recognizes Performance and Versatility
- PHILADELPHIA -- Turnaround management firm Phoenix Management Services (www.phoenixmanagement.com) has promoted Michael Gaul from Financial Analyst to Senior Associate. Mr. Gaul joined Phoenix in 2003, and his new role recognizes his performance and versatility over the past three years.
- Research articles 2006-08-15
- Q&A With Paul Marshall: How Harvard Teaches Turnarounds
- The "It" classes of the late-1990s revealed the secrets of the Internet and the New Economy. Five years later, offerings on China, India and international business ruled the roost. Today, courses on managing distressed companies are growing in popularity. Veteran turnaround executive and HBS professor Paul Marshall...
- Blog posts 2009-01-08
- Harvard's Marshall: Turnarounds All About Execution, Not Theory
- HBS' Paul Marshall heads the school's most requested elective course: "The Entrepreneurial Manager in the Turnaround Environment." How is the approach to teaching turnarounds changing? Are there a lot of career opportunities in the field of turnarounds? We asked him. (Be sure to check out last...
- Blog posts 2009-01-14
- Borders Changes Around Management, Wants an Aggressive Turnaround
- Todd Sullivan submits: Ron Marshall has the experience, that cannot be argued. What I have not found yet are the ties to Bill Ackman and Pershing. This must be the reason for the delay in the Pershing financing agreement. Borders Group BGP today Monday announced several...
- External links 2009-01-05
- Wendy's Executives Lay Out Plan to Fuel Turnaround
- Wendy's Executives Lay Out Plan to Fuel TurnaroundPositive TurnaroundThe current management team for Wendy's has been working hard on their turnaround for only 9 months and they are already showing great results. After 16 straight months of same store growth, appreciation in stock price, higher profits and positive earnings growth...
- Discussion threads 2007-10-26
- Aerosonic's 'Monster' Q1 Turnaround
- Paul Sco submits:Aerosonic Corporation AIM, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company’s website. Per Bloomberg, it has a tiny float of 3.0m shares and 3.7m shares outstanding. ...
- External links 2009-06-16
- Goodyear divides executive duties to key turnaround. (Goodyear Tire & Rubber Co.)
- Goodyear divides executive duties to key turnaround The management shakeup announced last week by Goodyear Tire & Rubber Co. has put the spotlight on Hoyt M. Wells, a 40-year veteran of the company's non-tire businesses who was named president anGoodyear divides executive duties to key...
- Research articles 1991-03-18
- IBM Veteran, Credited for Turnaround in PC Business, Unexpectedly Retires. (Originated from New York Daily News)
- May 3--Is this a case of style over substance? Or was IBM management reining in a renegade executive? Robert Corrigan, the 32-year IBM veteran credited with the recent turnaround of Big Blue's PC business, unexpectedly announced his retirement yesterdaMay 3--Is this a case of style over substance?...
- Research articles 1994-05-02
