Successful Corporate Turnarounds: A Guide for Board Members, Financial Managers, Financial Institutions, and Other Creditors

(Hardback)

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If you work for an organization that is having financial and operating problems, this book will seem like a breath of fresh air. The author has had practical line experience with two major industrial firms, and his suggestions for improving inventory, manufacturing, marketing, finance, and technology are down to earth and practical. Most important they can be implemented. In fact, this publication would be a good handbook for managers of manufacturing companies that are doing well because every operation can be improved. Management Accounting This no-nonsense book, written by a working expert in the field, focuses attention on the most crucial elements of a successful turnaround and the methods that can be used to identify and solve problems quickly. Finkin offers a practical working approach which slices away the usual theoretical abstractions. He clearly details the approaches and actions needed to achieve a successful turnaround for all major functional areas. Communication and its importance in developing commitment to the turnaround, as well as the roles played by government, organized labor, and the media in assisting or impeding the turnaround process are given Finkin's considered scrutiny. The reader is effectively guided step-by-step through the turnaround process and is given the understanding needed to judge the ability of the players and the appropriateness of their tactics.

Reviews

If you work for an organization that is having financial and operating problems, this book will seem like a breath of fresh air. The author has had practical line experience with two major industrial firms, and his suggestions for improving inventory, manufacturing, marketing, finance, and technology are down to earth and practical. Most important they can be implemented. In fact, this publication would be a good handbook for managers of manufacturing companies that are doing well because every operation can be improved. I recommend that all management accountants read this book * Management Accounting *

Author Bio

EUGENE F. FINKIN is one of America's leading turnaround executives. He is currently Executive Vice President of Blaw Knox Corporation--an independent, seven division, $250 million in sales industrial conglomerate. He took Blaw Knox from a $12 milllion a year loss to break-even in ten months. Previously, Dr. Finkin attracted media attention with the successful turnaround of Danly Machine Corp., and he gained other first-hand experience at Allegheny Internatioal and Westinghouse Electric.