Turnaround As A Key Strategic Issue In Times Of Crisis

Download Turnaround As A Key Strategic Issue In Times Of Crisis full books in PDF, epub, and Kindle. Read online Turnaround As A Key Strategic Issue In Times Of Crisis ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Turnaround as a key strategic issue in times of crisis

Author : Marcus Matthias Keupp
Publisher : GRIN Verlag
ISBN 13 : 3638149110
Total Pages : 16 pages
Book Rating : 4.6/5 (381 download)

DOWNLOAD NOW!

Book Synopsis Turnaround as a key strategic issue in times of crisis by : Marcus Matthias Keupp

Download or read book Turnaround as a key strategic issue in times of crisis written by Marcus Matthias Keupp and published by GRIN Verlag. This book was released on 2002-10-22 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2001 in the subject Business economics - Business Management, Corporate Governance, grade: A+, University of Warwick (Warwick Business School), language: English, abstract: After years of ever-increasing profits, the ailing British retailer Marks and Spencer (M&S) has fallen out of favour with British customers. Sales and profit strongly declined, followed by shakeups in the top management team. M&S faced extinction when confronted with Philip Green′s takeover plans. Top management have made efforts to turn M&S around. The analytical approach to assess these efforts is as follows: Having evaluated turnaround models (Chapter 1), I will observe actions undertaken by M&S (Chapter 2), finally putting both sides together, determining if the actions fit the model (Chapter 3). Introducing competitive advantage as the measurement for success (Chapter 4), the conclusion (Chapter 5) will show that M&S is just one example for a problem that goes far deeper.

Right Away & All at Once

Author : Greg Brenneman
Publisher : Rosetta Books
ISBN 13 : 0795346530
Total Pages : 312 pages
Book Rating : 4.7/5 (953 download)

DOWNLOAD NOW!

Book Synopsis Right Away & All at Once by : Greg Brenneman

Download or read book Right Away & All at Once written by Greg Brenneman and published by Rosetta Books. This book was released on 2016-02-09 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: An expert in business turnaround shares his inspiring approach to problem-solving: “A fascinating read” (Mitt Romney). Visionary leader Greg Brenneman believes that true business success and personal fulfillment are two sides of the same coin. The techniques that will grow your business will also help you achieve a rich, purposeful, and integrated life. Here, Brenneman takes what he’s learned from turning around or tuning up many businesses—including Continental Airlines and Burger King—and distills it into a simple, clear, five-step roadmap that anyone can follow. He teaches you how to: *prepare a succinct Go Forward plan *build a fortress balance sheet *grow your sales and profits *choose all-star servant leaders *empower your team For more than thirty years, Brenneman has seen these steps foster dramatic results in a variety of business environments. But he also came to realize that he could apply these same principles to improve his life and build a lasting moral legacy. He found he could make better decisions by carefully taking the most important facets of his life—faith, family, friendship, fitness, and finance—into consideration. Brenneman’s inspiring examples, from both his business and his life, demonstrate the astounding effects these steps can have when you apply them—right away and all at once.

Leading Corporate Turnaround

Author : Stuart Slatter
Publisher : Wiley + ORM
ISBN 13 : 1119995299
Total Pages : 278 pages
Book Rating : 4.1/5 (199 download)

DOWNLOAD NOW!

Book Synopsis Leading Corporate Turnaround by : Stuart Slatter

Download or read book Leading Corporate Turnaround written by Stuart Slatter and published by Wiley + ORM. This book was released on 2011-01-19 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 todays 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 top 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. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Societys Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM

Corporate Turnaround Artistry

Author : Jeff Sands
Publisher : John Wiley & Sons
ISBN 13 : 1119539994
Total Pages : 208 pages
Book Rating : 4.1/5 (195 download)

DOWNLOAD NOW!

Book Synopsis Corporate Turnaround Artistry by : Jeff Sands

Download or read book Corporate Turnaround Artistry written by Jeff Sands and published by John Wiley & Sons. This book was released on 2020-02-11 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to steer your business through times of financial distress and achieve sustained profitability Corporate Turnaround Artistry is a complete guide for entrepreneurial companies in times of financial distress—presenting effective strategies and proven methods to revive and rehabilitate your business. Uncertain economic times have significantly altered the financial resources available to struggling businesses. Narrowing margins and mounting internal and external pressure has taken their toll on many companies. Fortunately, most businesses can be repaired while maintaining their existing revenue structure. Offering practical steps that go beyond simple cost-cutting and sales-building advice, this invaluable guide teaches you how to control cash, secure financial relief, and develop a comprehensive turnaround plan that your employees, customers, and creditors will support. Business leaders and entrepreneurs often fall into the trap of assuming new debt when tough times strike. Author and Certified Turnaround Practitioner Jeff Sands shows that to many struggling businesses, more money is no longer the answer to the problem. Expert advice on topics including cashflow stabilization, short and long-term profit sustainability, lean management techniques, and more, provides the framework to timely and efficient corporate turnaround. From identifying the initial cash crisis to meeting with creditors and developing a plan, this essential resource will help you: Stabilize your financial liabilities and re-structure your debt Implement effective turnaround strategies without significant changes to your corporate structure Preserve the positions of your current employees and their community Give yourself a fresh start with a lean and agile business Thousands of businesses fall into financial stress every year—oftentimes in sudden and dramatic fashion—leaving CEOs and owners asking the question “How do I save my business”? Corporate Turnaround Artistry: Fix Any Business in 100 Days provides the answer.

The Crisis Turnaround

Author : Jeff Hilimire
Publisher :
ISBN 13 : 9781733868945
Total Pages : pages
Book Rating : 4.8/5 (689 download)

DOWNLOAD NOW!

Book Synopsis The Crisis Turnaround by : Jeff Hilimire

Download or read book The Crisis Turnaround written by Jeff Hilimire and published by . This book was released on 2020-07-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong leadership is built through practice and honed through challenge. "The Crisis Turnaround" shares lessons learned during an unexpected difficulty, offering practical, actionable ways you can become a better leader. By the time you finish reading this book, you'll be equipped with:? 43 KEY POINTS to follow to get your business through any challenge.? BUSINESS HACKS to ensure you're making the most of your time outside of the office.? EASY-TO-FOLLOW rules for remote work that will keep your team both on purpose and productive.In the book, Jeff Hilimire shares 20+ years of success launching and building fast-growing businesses to teach other leaders how to strategically embrace any challenge, so they can not only survive a crisis but thrive while doing it.Told through the eyes of Will, an accomplished entrepreneur who's running a fast-growing marketing agency, Hilimire's book takes readers on a journey that begins with an overwhelming global crisis and ends with a team positioned to capture business growth.Whether you're the CEO of a global enterprise, a team leader at a mid-sized company, or the Executive Director of a local non-profit, the impactful lessons in this book will help you thrive even during times of crisis and be stronger for it.

Corporate Turnaround

Author : Donald B. Bibeault
Publisher : Beard Books
ISBN 13 : 9781893122024
Total Pages : 432 pages
Book Rating : 4.1/5 (22 download)

DOWNLOAD NOW!

Book Synopsis Corporate Turnaround by : Donald B. Bibeault

Download or read book Corporate Turnaround written by Donald B. Bibeault and published by Beard Books. This book was released on 1998 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Leading Corporate Turnaround

Author : Stuart Slatter
Publisher : John Wiley & Sons
ISBN 13 : 047002559X
Total Pages : 261 pages
Book Rating : 4.4/5 (7 download)

DOWNLOAD NOW!

Book Synopsis Leading Corporate Turnaround by : Stuart Slatter

Download or read book Leading Corporate Turnaround written by Stuart Slatter and published by John Wiley & Sons. This book was released on 2006-02-03 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 company’s problems lie almost always within the firm itself – usually at middle manager level and below. The secret is cooperation. Drawing on interviews with top 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. Written by the founding directors of the Society of Turnaround Professionals (STP), with a proposed Foreword by the Society’s Patron Sir John Harvey-Jones Considers the different drivers of turnaround, the alternatives to it, and the restructuring processes required to move beyond crisis stabilization to sustainable change Features international case studies from leading companies including BT, Virgin Express, Arthur Andersen, Parmalat, GE, Lee Cooper, New Look and IBM

Turnaround and Crisis Management

Author : Eugene Rembor
Publisher :
ISBN 13 : 9783941579996
Total Pages : 214 pages
Book Rating : 4.5/5 (799 download)

DOWNLOAD NOW!

Book Synopsis Turnaround and Crisis Management by : Eugene Rembor

Download or read book Turnaround and Crisis Management written by Eugene Rembor and published by . This book was released on 2011-09 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many books on business but very few on turnaround management. Yet, to turn around a distressed business is one of the most crucial challenges of a manager: You have to get it right first time, there is no room for failure and a lot of people's jobs and livelihoods depend on the turnaround manager doing a good job. This book is written by a practitioner, for practitioners and tells about practitioners. About the successful and the not so successful, offering valuable lessons from both. This book has also been written with the student or novice in mind, because all to often studying is based on theory rather than on real life and its antics. Therefore this book contains exercises and questions designed to stimulate strategic thinking and to challenge conventional wisdom. Only if we constantly review our deeds and relentlessly seek new best practices, we will succeed. When writing this book, it was of particular importance to me to not just write about the "what to do." Too many books and too many consultants just tell you what to do, yet neglect to tell you the secrets of actually "how" to do it. It is easy to say "you have got to reduce your costs but without compromising quality." The real trick is how you actually do it. This book is full of "how's" and therefore a practical everyday guide, manual, some even may say "bible" for the turnaround practitioner. Real life examples, experienced by the author himself, not fiction or theoretical models make this book an exciting reading, taking you on a tour through the changes of management over time and juxtapositioning successful and failing strategies and decisions. A lifetime of over 30 years experience and learning condensed and distilled, makes Turnaround and Crisis Management unique, current, highly topical and valuable to practitioners, clients and company directors alike.

Developing a Turnaround Business Plan

Author : Norton Paley
Publisher : CRC Press
ISBN 13 : 149870591X
Total Pages : 262 pages
Book Rating : 4.4/5 (987 download)

DOWNLOAD NOW!

Book Synopsis Developing a Turnaround Business Plan by : Norton Paley

Download or read book Developing a Turnaround Business Plan written by Norton Paley and published by CRC Press. This book was released on 2015-06-22 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing a Turnaround Business Plan is an ideal resource for managers currently facing a competitive crisis as well as those who wish to avert one and must set a turnaround plan in motion before the situation results in irreversible losses. Whereas the book helps readers develop a sound turnaround plan, the focus of the book is on the actual process that contributes to the development and implementation of that plan. The book details how to identify the root causes that triggered the competitive crisis and how to initiate remedial actions before the turnaround plan begins. After reading this book, you will be able to: Develop a flexible and rapid response to competitive counter-moves Identify offensive and defensive strategies Use competitive intelligence to identify decisive points to concentrate resources Pinpoint the types of competitive campaigns that assure a successful turnaround Assess the required leadership traits for implementing competitive strategies Covering 13 different types of competitive campaigns, the book describes how to initiate effective offensive and defensive plans to neutralize your competitors’ advantages. It also details how to develop counter-measures for the numerous factors that can bring a turnaround campaign to a standstill. The book helps executives of small and mid-sized organizations, as well as managers of business units and product lines in larger firms, to activate change strategies and secure sustainable competitive advantages. Examples are provided about real company turnarounds, including Intel, Levi Strauss, Yahoo, J.C. Penney, Hewlett-Packard, Panasonic, Staples, Samsung, and Abercrombie & Fitch.

Why Some Companies Emerge Stronger and Better from a Crisis

Author : Ian I. Mitroff
Publisher : AMACOM
ISBN 13 : 0814416306
Total Pages : 260 pages
Book Rating : 4.8/5 (144 download)

DOWNLOAD NOW!

Book Synopsis Why Some Companies Emerge Stronger and Better from a Crisis by : Ian I. Mitroff

Download or read book Why Some Companies Emerge Stronger and Better from a Crisis written by Ian I. Mitroff and published by AMACOM. This book was released on 2008-01-21 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do your company and employees have the necessary "IQ" not only to withstand a crisis but also come through it with strength and confidence? Like many companies over the last few years, yours has probably done a great deal to reassess its physical, strategic, and financial vulnerabilities. However, there is a huge difference between business continuity planning and true crisis management. Ian Mitroff outlines seven distinct competencies your organization needs to handle crises effectively: Right Heart (emotional IQ): By accepting crisis as an inevitability, you can process much of the shock and grief beforehand, and avoid making the effects of the crisis even worse through an unconstructive response. Right Thinking (creative IQ): "Crises don’t care about the ways in which we have organized the world," so out-of-the-box thinking is essential. Right Social and Political IQ: Understand that your business is subject not only to the pitfalls of its industry, but to the universal and complex challenges that threaten all companies. Right Integration (integrative IQ): Realize that crises are perceived differently by different stakeholders, and are never simple "exercises" that can be "solved." Identify and reconcile these perceptions now so that the path is clear when the crisis strikes. Right Technical IQ: "Think like a controlled paranoid" to uncover ways in which malicious forces could cause a crisis in your company. Question every assumption about what is "normal," "impossible," or "absurd." Right Aesthetic IQ: Reconsider the classic design of the corporation, which is meant to address problems as they arise, and move toward one in which crisis management is an overarching discipline on a par with, for example, finance. Spiritual IQ: Reject the notion that people’s physical, mental, and spiritual beings are completely separate; and establish ahead of time why our work is, and must remain, important to us on many different levels. Although crisis management has taken on new urgency in recent turbulent times, the need for careful planning did not originate on September 11, 2001. Mitroff’s examples, drawn from interviews conducted both before and after the 2001 attacks during his 25 years of experience, demonstrate the need for action -- and offer a blueprint for taking it.

Crisis, Turnaround and Corporate Reorganization

Author : Olga Cucaro
Publisher : Olga Maria stefania Cucaro
ISBN 13 : 8829591971
Total Pages : 53 pages
Book Rating : 4.8/5 (295 download)

DOWNLOAD NOW!

Book Synopsis Crisis, Turnaround and Corporate Reorganization by : Olga Cucaro

Download or read book Crisis, Turnaround and Corporate Reorganization written by Olga Cucaro and published by Olga Maria stefania Cucaro. This book was released on 2019-01-08 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crisis, Turnaround and Corporate Reorganization. It is a work born from the study of corporate crisis, the Default and the cleansing of the companies. Even before starting the PhD, the author has analyzed the risk of default of agri-business and the rating as a system for identifying the probability of default in a research consortium under a second level Master. After returning in 2010 for a research group on governance strategies Turnaround and decided to study the one hand and on the other the default remediation to understand when and how to effectively make a turnaround. Companies in crisis at some point in their life cycle are at a crossroads; on the one hand and on the other the default salvation and this is the time to enable an effective turnaround strategy that can bring the company back on track. The identification of these strategies is of paramount importance not only for scholars, but primarily for managers. First, an intervention is carried out and the results will be better.

Contemporary Leadership in Sport Organizations

Author : David Scott
Publisher : Human Kinetics
ISBN 13 : 1718200315
Total Pages : 250 pages
Book Rating : 4.7/5 (182 download)

DOWNLOAD NOW!

Book Synopsis Contemporary Leadership in Sport Organizations by : David Scott

Download or read book Contemporary Leadership in Sport Organizations written by David Scott and published by Human Kinetics. This book was released on 2021-11-03 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a quickly growing and evolving society, organizations at all levels face ongoing challenges and complexities that require specific leadership skills. Contemporary Leadership in Sport Organizations, Second Edition With HKPropel Access, brings together research on leadership—both within and outside of sport settings—to provide comprehensive knowledge of skills and practices relevant to the sport industry. With sport-specific examples, students will learn an effective approach to leadership thought, strategy, and action to apply in recreational, interscholastic, intercollegiate, and professional sport organizations as well as the rapidly growing esports industry. Students will first learn the historical and foundational concepts of leadership, defining what effective leadership is and the primary outcomes of good leadership. Contemporary thought and leadership approaches for present-day challenges are then presented, bringing concepts to life within the unique contexts of sport organizations of all levels and types. Modern leadership concepts that are explored include emotional intelligence and its role in developing authentic leadership, data-informed decision making and problem solving, behaviors and actions that are most effective in crisis situations, and the leadership-as-practice movement. Updates in this edition include the following: Expanded content on leadership for achieving diversity, equity, and inclusion in sport organizations, including new content on LGBTQ+ research in sport Content on global leadership in sport, including the emergence of esports and sport as a tool for social change Discussion of ethical decision making and the challenges and responsibilities for leaders in the development of the values and culture of an organization New student learning activities, delivered through HKPropel, are designed to engage students in a learning experience that turns the principles learned into practical leadership skills. Case studies (some of which include video examples) expand on chapter content and present real-world examples of sport leadership across a broad range of roles. These contain open-ended discussion questions that encourage students to think critically about the cases and about their own future careers. Activities encourage students to put research into practice, while interactive branching scenarios immerse students in the decision-making process, applying strategies presented in the book to navigate through each simulation to discover the most optimal outcome. Modern sport organizations at all levels are evolving into increasingly complex and diverse entities that require adaptable and effective leaders. Contemporary Leadership in Sport Organizations provides the theoretical knowledge and practical skills to inspire students to become successful leaders in the sport industry. Note: A code for accessing HKPropel is not included with this ebook but may be purchased separately.

Reversing the Slide

Author : James B. Shein
Publisher : John Wiley & Sons
ISBN 13 : 0470933240
Total Pages : 384 pages
Book Rating : 4.4/5 (79 download)

DOWNLOAD NOW!

Book Synopsis Reversing the Slide by : James B. Shein

Download or read book Reversing the Slide written by James B. Shein and published by John Wiley & Sons. This book was released on 2011-03-29 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A just-in-time guide for revamping distressed companies Drawn from the author's decades of experience advising, purchasing, and reviving distressed companies across industries, geographies, and sizes, Reversing the Slide is designed to help executives, managers, and employees revitalize downtrodden companies. It shows how to: select the tactics appropriate for each stage of distress; understand the use of entrepreneurial concepts; avoid pitfalls common to turnarounds; determine the legal, financial, strategic, and operational steps in the process; discover why the principal of "ready, fire, aim" should guide the decision-making process in situations with time pressure and significant uncertainty; and uncover the secrets of effective leadership and governance. Contains step-by-step instructions for helping troubled organizations bounce back with vigor Often quoted in the Wall Street Journal, the author is an authority on restructuring and downsizing Offers a handbook for implementing a successful corporate turnaround James Shein's Reversing the Slide is full of insightful advice on what works, what does not, and why it will prove invaluable to executives, managers, and employees in helping troubled companies before it's too late.

ACCA Approved - P3 Business Analysis (September 2017 to June 2018 exams)

Author : Becker Professional Education
Publisher : Becker Professional Education Ltd
ISBN 13 : 1785664557
Total Pages : 596 pages
Book Rating : 4.7/5 (856 download)

DOWNLOAD NOW!

Book Synopsis ACCA Approved - P3 Business Analysis (September 2017 to June 2018 exams) by : Becker Professional Education

Download or read book ACCA Approved - P3 Business Analysis (September 2017 to June 2018 exams) written by Becker Professional Education and published by Becker Professional Education Ltd. This book was released on 2017-04-15 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: ACCA Approved and valid for exams from 01 Sept 2017 up to 30 June 2018 - Becker's P3 Business Analysis Study Text has been approved and quality assured by the ACCA's examining team.

Academic Turnarounds

Author : Terrence MacTaggart
Publisher : Rowman & Littlefield Publishers
ISBN 13 : 1607096617
Total Pages : 145 pages
Book Rating : 4.6/5 (7 download)

DOWNLOAD NOW!

Book Synopsis Academic Turnarounds by : Terrence MacTaggart

Download or read book Academic Turnarounds written by Terrence MacTaggart and published by Rowman & Littlefield Publishers. This book was released on 2010-02-16 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the hallmarks of a lasting institutional turnaround? It is too easy to mistake a single initiative_mounting a new marketing program, for example, or bringing in a million dollar donation_for a true turnaround. Successful turnarounds involve profound, often difficult, actions that affect the finances, academic offerings, and reputations of colleges and universities. They take institutions to new levels of performance and then present new challenges. MacTaggart examines the several stages that comprise institutional turnarounds and offers practical advice on setting and reaching higher levels of performance. MacTaggart also discusses the early indicators of a college or universityOs need for a turnaround. He and his colleagues outline financial trends and other indicators of distress, as well as benchmarks for the various stages in an effective turnaround strategy. Academic Turnarounds will help trustees, presidents, and faculty members diagnose whether or not they are in denial over the true condition of the institution they are charged with preserving. Donors, state officials, accreditors, and others interested in the quality and vitality of American higher education will find direction in this book.

More than Bricks in the Wall: Organizational Perspectives for Sustainable Success

Author : Lea Stadtler
Publisher : Springer Science & Business Media
ISBN 13 : 3834989452
Total Pages : 200 pages
Book Rating : 4.8/5 (349 download)

DOWNLOAD NOW!

Book Synopsis More than Bricks in the Wall: Organizational Perspectives for Sustainable Success by : Lea Stadtler

Download or read book More than Bricks in the Wall: Organizational Perspectives for Sustainable Success written by Lea Stadtler and published by Springer Science & Business Media. This book was released on 2010-08-17 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book illustrates different organizational perspectives for achieving sustainable corporate success. Its contributions cover a range of research areas that have been developed at Prof. Gilbert Probst's Chair of Organization and Management at the University of Geneva over the past twenty years. By analyzing current research questions and highlighting corresponding managerial challenges, this book provides a comprehensive view on corporate growth, change management, crisis management, knowledge management, and managing corporate boundaries.

Crisis and Turnaround in German Medium-Sized Enterprises

Author : Thomas Wittig
Publisher : Springer
ISBN 13 : 3658163860
Total Pages : 403 pages
Book Rating : 4.6/5 (581 download)

DOWNLOAD NOW!

Book Synopsis Crisis and Turnaround in German Medium-Sized Enterprises by : Thomas Wittig

Download or read book Crisis and Turnaround in German Medium-Sized Enterprises written by Thomas Wittig and published by Springer. This book was released on 2016-11-08 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the study’s insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation.