Preventing Corporate Turnarounds through an Early Warning System
Bankruptcy proceedings of companies have been all but new phenomena in the business world. Latest cases, encompassing Toys R Us, Fred's, and Sears in the US as well as Thomas Cook and Air Italy in Europe, demonstrate that managers often fail to run their businesses properly. As an alternative i...
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| Main Authors: | , , |
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| Format: | Book |
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International School for Social and Business Studies,
2020-12-01T00:00:00Z.
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| Online Access: | Connect to this object online. |
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| Summary: | Bankruptcy proceedings of companies have been all but new phenomena in the business world. Latest cases, encompassing Toys R Us, Fred's, and Sears in the US as well as Thomas Cook and Air Italy in Europe, demonstrate that managers often fail to run their businesses properly. As an alternative in such a case, managers could prevent potential downfalls through knowledge of a successful turnaround management. Learning about the implementation of an early warning system (EWS) might help avoid corporate turnarounds in the first place. Hence, it is crucial to offer managers a pragmatic and solutionoriented approach. That being said, the authors design a specific EWS that might contribute to bypassing corporate turnarounds at an early stage. By doing so, the article aims at disseminating information on better EWS for public corporations. |
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| Item Description: | 2232-5107 2232-5697 |