Management Links
MANAGEMENT: Turnarounds

"Profitability is the Key to Value. If You've Got it, Flaunt It. If You Don't Have It, Get It (business strategy). If You Can't Get It, Get Out (capital strategy)."

--- Bill Fruhan, Professor of Finance, Harvard Business School, author of: Financial Strategy: Studies in the Creation, Transfer, and Destruction of Shareholder Value.

(British Aerospace), Sir Richard Evans and Colin Price (1999). Vertical Take-Off: The Inside Story of British Aerospace's Comeback from Crisis to World Class. (London, UK: Nicholas Brealey, 214 p.). British Aerospace (Firm)--Management; Aerospace industries--Great Britain--Case studies; Corporate turnarounds--Great Britain--Case studies.

(Canon), NIKKEI; translated by Mark Schreiber and Aaron Martin Cohen (2004). How Canon Got Its Flash Back: The Innovative Turnaround Tactics of Fujio Mitarai. (Hoboken, NJ: Wiley, 221 p.). Mitarai, Fujio, 1935- ; Kyanon Kabushiki Kaisha--Management; Camera industry--Japan--Management. 

(Cisco Systems), Robert Slater (2003). The Eye of the Storm: How John Chambers Steered Cisco Through the Internet Collapse. (New York, NY: HarperBusiness, 288 p.). Chambers, John, 1949- ; Cisco Systems, Inc.--Management; Corporate turnarounds--United States--Case studies; Computer industry--United States--Management--Case studies; Data transmission equipment industry--United States--Management--Case studies; Computer industry--United States--History; Data transmission equipment industry--United States--History; Internet industry--United States--History.

(Continental Airlines), Gordon Bethune with Scott Huler (1998). From Worst to First: Behind the Scenes of Continental's Remarkable Comeback. (New York, NY: Wiley, 294 p.). Continental Airlines--History; Airlines--United States--Management--Case studies; Corporate turnarounds--United States--Case studies.

(Delphi), Steve Miller (2008). The Turnaround Kid: What I Learned Rescuing America’s Most Troubled Companies. (New York, NY: Collins, 272 p.). Chairman, Delphi Corporation. Miller, Robert S. (Robert Stevens); Automobile industry and trade--United States--Biography; Executives--Biography; Organizational effectiveness. Point man for Lee Iaccoca's rescue team at Chrysler, fixed major problems in varied industries (steel, construction, health care, auto parts); inside story of many turnaround jobs that have led to renown as Mr. Fix It; intimate picture of his relationship with Maggie Miller, his wife of forty years, trusted adviser until her death from brain cancer in 2006.

(Ford), Alton F. Doody and Ron Bingaman (1988). Reinventing the Wheels: Ford's Spectacular Comeback. (Cambridge, MA: Ballinger Publishing Co., 135 p.). Ford Motor Company, Automobile Industry, Corporate Turnaround

(Ford), Robert L. Shook (1990). Turnaround: The New Ford Motor Company. (New York, NY: Prentice Hall Press, 260 p.). Ford Motor Company; Automobile industry and trade--United States; Corporate turnarounds--United States.

(Ford), Gerhard Geyer (2011). Ford Motor Company: The Greatest Corporate Turnaround In U.S. History. (Seattle, WA: CreateSpace, 518 p.). Former Executive at Ford Motor Company (in business planning, corporate strategy, business development, product planning, divestitures, and he negotiated joint ventures and licensing deals). Ford Motor Company; corporate turnarounds. Mid-2006 - William Clay Ford Jr., Chairman and CEO of Ford, recognized that current business model di not work, appointed Alan Mulally as company's new CEO - completely changed existing business model (declining profits, uncompetitive cost structure, rapidly decreasing sales, unattractive cars, unhappy dealers, low employee morale); systematically transformed Ford's culture, products, technology, manufacturing facilities, union relations; led Ford from weakest of automotive industry's "Big Three" to top of its class.

(GE), Robert Slater (1993). The New GE: How Jack Welch Revived and American Institution. (Homewood, IL: Business One Irwin, 295 p.). Jack Welch, General Electric Company.

(GE), Stuart Crainer (1999). Business the Jack Welch Way: Ten Secrets of the World's Greatest Turnaround King. (New York, NY: Amacom New Media, 162 p.). Welch, Jack (John Francis), 1935- ; General Electric Company--Management; Chief executive officers--United States--Biography; Industrial management--United States; Leadership--United States.

(GM), Vincent P. Barabba (2004). Surviving Transformation: Lessons from GM's Surprising Turnaround. (New York, NY: Oxford University Press, 256 p.). Former General Manager of GM Corporate Strategy and Knowledge Development. General Motors Corporation Management Case studies; Automobile industry and trade United States Management Case studies; Organizational change United States Case studies. 

(Harley-Davidson), Peter C. Reid (1990). Well Made in America: Lessons from Harley-Davidson on Being the Best. (New York, NY: McGraw-Hill, 226 p.). Harley-Davidson Motor Company--Management; Motorcycle industry--United States--Management; Corporate turnarounds--United States--Management--Case studies.

(Hertz Equipment Rental Corporation), Daniel I. Kaplan with Carl Rieser (1994). Service Success!: Lessons from a Leader on How To Turn Around a Service Business. (NewYork, NY: Wiley, 262 p.). President, Hertz Equipment Rental Corporation. Service industries--Management; Service industries--Quality control.

(IBM), Doug Garr (1999). IBM Redux: Lou Gerstner and the Business Turnaround of the Decade. (New York, NY: HarperBusiness, 375 p.). Louis V. Gerstner, IBM, Computer Industry. Title says it all.

(IBM), Robert Slater (1999). Saving Big Blue: Leadership Lessons and Turnaround Tactics of IBM's Lou Gerstner. (New York, NY: McGraw-Hill, 309 p.). Gerstner, Louis V.; International Business Machines Corporation; Computer industry--United States.

(IBM), Louis V. Gerstner, Jr. (2002). Who Says Elephants Can't Dance?: Inside IBM's Historic Turnaround. (New York, NY: HarperCollins, 372 p. p). Chairman, CEO of IBM (April 1993 - March 2002). International Business Machines Corporation--Management; International Business Machines Corporation--History; Computer industry--United States--History; Electronic office machines industry--United States--History; Corporate turnarounds--United States--Case studies. IBM's competitive, cultural transformation; only company to been at pinnacle of an industry, near collapse, returned to set agenda.

(Immsi S.p.A.), Roberto Colaninno; con Rinaldo Gianola (2006). Primo Tempo: Olivetti, Telecom, Piaggio, Una Storia Privata di 10 Anni di Capitalismo Italiano. (Milano, IT: Rizzoli, 224 p.). Chairman of the Board. Colaninno, Roberto, 1943- --Interviews; Businessmen--Italy--Interviews; Italy--Economic conditions--20th century; Italy--Economic conditions--21st century.

(Kodak), Stephen J. Frangos with Steven J. Bennett. (1993). Team Zebra: How 1500 Partners Revitalized Eastman Kodak's Black & White Film-Making Flow. (Essex Junction, VT: O. Wright, 216 p.). Manager, Kodak's Black and White Film Division. Eastman Kodak Company. Black and White Film Division; Organizational change -- New York (State) -- Rochester -- Case studies. 

(Korea First Bank), Robert A. Cohen (2010). Turning Around a Bank in Korea, a Business and Cultural Challenge. ( 232 p.). Former President and Chief Executive Officer of First Bank Korea Ltd. Only non Korean CEO of large Korean Bank; directed turnaround effort of 400-branch corporate, retail lender; reduced non-performing loan ratio to lowest among Korean banks, tripled number of loans in portfolio; 2005 - acquired by Standard Chartered.

(Microchip Technology), Steve Sanghi, Michael J. Jones (2006). Driving Excellence: How the Aggregate System Turned Microchip Technology, from a Failing Company to a Market Leader. (Hoboken, NJ: Wiley, 253 p.). President, CEO and Chairman of the Board of Microchip Technology Inc.; Former VP of Human Resources, Microchip Technology Inc. Microchip Technology--Management; Semiconductor industry--United States--Management; Organizational effectiveness; Corporate culture; Industrial management. From dire straits to leader in semiconductor industry. 

(National Semiconductor), Robert H. Miles; foreword by Gil Amelio (1997). Corporate Comeback: The Story of Renewal and Transformation at National Semiconductor. (San Francisco, CA: Jossey-Bass, 388 p.). National Semiconductor Corporation--Management; Semiconductor industry--United States--Management; Corporate turnarounds--United States--Case studies.

(NEXT plc), David Jones; Foreword by Philip Green (2006). NEXT TO ME: Luck, Leadership and Living with Parkinson's. (London, UK: Nicholas Brealey Publishing, 256 p.). Chairman of NEXT plc, Deputy Chairman of Wm. Morrison. Jones, David; NEXT plc; Parkinson's Disease. Turnaround of NEXT Plc while battling with Parkinson’s Disease.

(Nissan), David Magee (2003). Turnaround: How Carlos Ghosn Rescued Nissan. (New York, NY: HarperBusiness, 238 p.). Ghosn, Carlos, 1954- ; Nissan Motor Corporation in U.S.A.--Management; Automobile industry and trade--United States--Management; Automobile industry and trade--Japan--Management; Corporate turnarounds--United States.

(Nissan), Carlos Ghosn and Philippe Riès; translated from the French by John Cullen (2005). Shift: Inside Nissan's Historic Revival. (New York, NY: Currency/Doubleday, 232 p. [orig. pub. 2003 in France]). CEO (Nissan). Ghosn, Carlos, 1954- ; Nissan Jid¯osha Kabushiki Kaisha--History; Chief executive officers--Japan--Biography; Automobile industry and trade--Japan--Biography. 

(Sears), Arthur C. Martinez with Charles Madigan (1998). The Hard Road to the Softer Side: Lessons from the Transformation of Sears. (New York, NY: Times Business, 247 p.). Former CEO, Sears. Sears, Roebuck and Company--Management; Corporate turnarounds--United States--Case studies.

(Springfield Remanufacturing Corp.), Jack Stack; edited by Bo Burlingham (1992). The Great Game of Business: The Only Sensible Way To Run a Company. (New York, NY: Doubleday, 252 p.). CEO of the Springfield Remanufacturing Corporation (Springfield, Missouri); Recipient of the 1993 Business Enterprise Trust Award. Success in business; "open-book" management.

(Tampa Bay Rays), Jonah Keri (2011). The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First. (New York, NY: ESPN, 272 p.). Columnist for Investor’s Business Daily. Tampa Bay Rays (Baseball team); Baseball --Economic aspects; Sports franchises --Economic aspects --Florida --Tampa bay. 2005 - Stuart Sternberg and Matthew Silverman, former Goldman Sachs partners, assumed control of Tampa Bay Devil Rays; innovative ideas about employee development, marketing, public relations, personnel management; developed metrics to take advantage of undervalued aspects of game (defense), hired forward-thinking field manager dedicated to unconventional strategy; quantified game’s intangibles (extra 2% that separates winning organizations from losing ones); 2008 - won American League pennant; one of greatest turnarounds in baseball history from divisional doormat to World Series contender.

(Unilever), Philip Mirvis, Karen Ayas, George Roth (2003). To the Desert and Back: The Story of One of the Most Dramatic Business Transformations on Record. (San Francisco, CA: Jossey-Bass, 257 p.). Organizational Psychologist, Research Fellow (Erasmus University, Rotterdam), Research Associate (MIT). Unilever N.V.; Food industry and trade--Netherlands; Consolidation and merger of corporations--Netherlands--Case studies; Corporate reorganizations--Netherlands--Case studies; International business enterprises--Case studies. 

(Union Pacific), George Kennan (1922). E. H. Harriman: A Biography. (Boston, MA: Houghton Mifflin, 2 vols.). Harriman, Edward Henry, 1848-1909; Boys--Societies and clubs; Businessmen--Biography; Railroads--United States.

(Union Pacific), Lloyd J. Mercer (1985). E. H. Harriman, Master Railroader. (Boston, MA: Twayne Publishers, 188 p.). Harriman, Edward Henry, 1848-1909; Businessmen--United States--Biography; Capitalists and financiers--United States--Biography.

(Union Pacific), Maury Klein (2000). The Life & Legend of E. H. Harriman. (Chapel Hill, NC: University of North Carolina Press, 521 p.). Harriman, Edward Henry, 1848-1909; Capitalists and financiers--United States--Biography; Railroads--United States--History. 

(Volkswagen of America), David Kiley (2002). Getting the Bugs Out: The Rise, Fall, and Comeback of Volkswagen in America. (New York, NY: Wiley, 302 p.). Volkswagen of America, inc.; Automobile industry and trade--United States; Corporations, German--United States; Corporate turnarounds--United States.

(Xerox), David T. Kearns, David A. Nadler (1992). Prophets in the Dark: How Xerox Reinvented Itself and Beat Back the Japanese. (New York, NY: HarperBusiness, 334 p.). Xerox Corporation--Management; Corporate turnarounds--United States--Case studies; Copying machine industry--United States--Management; Copying machine industry--Japan--Management.

Roger S. Ahlbrandt, Richard J. Fruehan and Frank Giarratani. (1996). The Renaissance of American Steel: Lessons for Managers in Competitive Industries. (New York, NY: Oxford University Press, 178 p.). Steel.

James A. Belasco & Jerre Stead (2000). Seize Tomorrow, Start Today: Renew Your Vision, Revitalize Your Organization, and Stay Ahead of the Future. (New York, NY: Warner Books, 448 p.). Corporate turnarounds. Priortize resources, share ownership, promote learning, engage employees.

Donald B. Bibeault (1982). Corporate Turnaround: How Managers Turn Losers into Winners. (New York, NY: McGraw-Hill, 406 p.). Organizational change; Business failures; Business planning; Industries--Planning.

John A. Byrne (1999). Chainsaw: The Notorious Career of Al Dunlap in the Era of Profit-at-Any-Price. (New York, NY: HarperBusiness. Journalist (Business Week). Al Dunlap, Sunbeam Corporation. 

Jim Collins (2001). Good to Great: Why Some Companies Make the Leap, and others Don't. (New York, NY: HarperBusiness, 300 p.). Leadership; Strategic planning; Organizational change; Technological innovations--Management. 

Albert J. Dunlap with Bob Andelman (1996). Mean Business: How I Save Bad Companies and Make Good Companies Great. (New York, NY: Times Books, 289 p.). Self-proclaimed turnaround artist, applies his craft at Sunbeam Corporation. Corporate turnarounds; Corporate turnarounds--United States--Case studies.

Eugene F. Finkin (1987). Successful Corporate Turnarounds: A Guide for Board Members, Financial Managers, Financial Institutions, and Other Creditors. (New York, NY: Quorum Books, 211 p.). Organizational change--Management; Corporate turnarounds--Management.

Mark B. Fuller, John C. Beck (2006). Japan's Business Renaissance: How the World's Greatest Economy Revived, Renewed, and Reinvented Itself. (New York, NY: McGraw-Hill, 226 p.). Chairman, and CEO of the Monitor Group; Former Director of International Research for Accenture. Management--Japan; Corporations, Foreign--Japan; Leadership; Success in business; Industrial management. Japan's powerhouse methods - harness change, develop renewal strategies, cultivate an entrepreneurial mind.

Mark R. Goldston (1992). The Turnaround Prescription: Repositioning Troubled Companies. (New York, NY: Maxwell Macmillan International, 198 p.). President and Chief Operating Officer of L.A Gear, Inc. Corporate turnarounds.

Paul Ingrassia and Joseph B. White (1994). Comeback: The Fall and Rise of the American Automobile Industry. (New York, NY: Simon & Schuster, 496 p.). Automobile industry and trade--United States; Corporate turnarounds--United States.

Don Klein and Jim Zawacki (1999). It's Not Magic : The Rebirth of a Small Manufacturing Company. (East Lansing, MI: Michigan State University Press, 150 p.). Corporate Turnarounds, Organizational Behavior

Robert H. Miles (1997). Leading Corporate Transformation: A Blueprint for Business Renewal. (San Francisco, CA: Jossey-Bass, 260 p.). National Semiconductor Corporation--Management; Southern Company--Management; Corporate turnarounds--United States--Case studies.

Gerald C. Meyers & Susan Meyers (2000). Dealers, Healers, Brutes & Saviors: Eight Winning Styles for Solving Giant Business Crises. (New York, NY: Wiley, 266 p.). Former Chairman, CEO (American Motors Corporation). Corporate turnarounds; Crisis management. 

Harlan D. Platt (1998). Principles of Corporate Renewal. (Ann Arbor, MI: University of Michigan Press, 418 p.). Corporate turnarounds.

Mark Potts and Peter Behr (1987). The Leading Edge: CEOs Who Turned Their Companies Around: What They Did and How They Did It. (New York, NY: McGraw-Hill, 200 p.). Organizational change--Case studies; Success in business--Case studies.

Martin Puris (1999). Comeback: How Seven Straight-Shooting Ceos Turned around Troubled Companies. (New York, NY: Times Business, 248 p.). Corporate turnarounds--Case studies; Chief executive officers--Case studies; Communication in management--Case studies; Business ethics--Case studies.

Friedrich Reutner; translated by Stephen E. Corsi (1993). Turn Around: A Strategy for Successful Restructuring. (Cambridge, MA: Blackwell Business, 269 p.). Corporate turnarounds--Management; Corporate reorganizations.

Stuart Slatter and David Lovett (1999). Corporate Turnaround: Managing Companies in Distress. (London, UK: Penguin, 338 p. [2nd ed.]). Founding partner of Slatter Temperley, Senior Partner specializing in financial restructuring, Arthur Andersen Global Corporate Finance practice. Corporate strategy; Problem solving. 

Stuart Slatter, David Lovett, and Laura Barlow (2006). Leading Corporate Turnaround: How Practitioners Provide Leadership. (West Sussex, England: Wiley, 246 p.). Founding Directors of the Society of Turnaround Professionals. Corporate turnarounds--Management; Leadership. Seven key leadership, management skills required for successful turnaround.

Gary Sutton (2002). The Six-Month Fix: Adventures in Rescuing Failing Companies. (New York, NY: Wiley, 294 p.). Corporate turnarounds; Corporate reorganizations; Business failures.

John O. Whitney (1987). Taking Charge: Management Guide to Troubled Companies and Turnarounds. (Homewood, IL: Dow Jones-Irwin, 283 p.). Corporate turnarounds--Management.


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