Leveraging People for a Corporate Turnaround: Leadership and Management Guidance for Organizational Change

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Leveraging People for a Corporate Turnaround recounts the thought processes and actions necessary to turn an ailing company or business unit around. The book emphasizes that to be effective, such efforts must be led by managers with business expertise, good judgment, and outstanding people skills. Much of the existing literature on corporate turnarounds focuses on business operations: legal, bankruptcy, and management accounting issues. Too often, such books view staff as merely an expense to be cut, a commodity to 'downsize' or 'rightsize.' In contrast, this book emphasizes that people's skills, concerns, motives, aspirations, and deficiencies are central factors in determining the success of any enterprise, and in particular one that is ailing. Leveraging People for a Corporate Turnaround provides its readers, be they seasoned managers, newly-promoted managers, or students of management, with the insight needed to succeed. Management and operations best practices are combined with practical, easily grasped principles and processes for leveraging people's diverse talents and skills, in order to stanch the red ink, heal the wounds in the corporate body, and put the company back on its feet.