TITLE

FINANCIAL TURNAROUNDS: PRESERVING VALUE

AUTHOR(S)
Gray, Carol Lippert
PUB. DATE
January 2001
SOURCE
Financial Executive;Jan/Feb2001, Vol. 17 Issue 1, p55
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on corporate turnarounds: how they can be avoided, if one is required, how it can the process be made easier. The author contends all former policies must be reexamined and, if need be, jettisoned. One example is the Forzani Group Inc., which tried to upgrade its information systems while simaltaneously expanding into new markets. Chief executive officer Robert Sartor instituted a series of key performance indicators to more accurately measure what was going on in the company.
ACCESSION #
11927759

 

Related Articles

  • Technology Investor: Harry Newton's In Search of the Perfect Investment.  // In Search of the Perfect Investment;12/4/2008, p1 

    The December 4, 2008 issue of "Technology Investor : Harry Newton's In Search of the Perfect Investment" is presented. It offers suggestions on the aggressive actions that businessmen should perform to keep the business running. It likewise offers information on the lessons brought by the...

  • THOROUGH COUNSEL. Prickett, Ruth // Financial Management;Apr2008, p22 

    The article reports on the turnaround initiatives of financial director Nathan Elvery at the London Borough of Croydon in England in 2004. On his arrival, Elvery realized that the priority of the council is to build enough reserves for his team to produce realistic strategic plans. He observes...

  • How Dave 'Lazarus' Lewis is breathing new life into Tesco. Leyland, Adam // Grocer;3/28/2015, Vol. 238 Issue 8198, p12 

    The article looks at the turnaround strategy of Chief Executive Officer (CEO) Dave Lewis for the retail company Tesco. Topics discussed include his decision to invest in the customer shopping experience by recruiting shop floor staff, shifting of the initial focus from trading to the...

  • Seek opportunities in economic crisis. Randall, Richard // Central Penn Business Journal;12/5/2008, Vol. 24 Issue 50, p10 

    In this article the author discusses the possible business actions to be done during economic downturn. He believes that private companies should have contingency plans to sustain their business though tough times. He also says that businesses that make profits and built a strong balance sheet...

  • Despite shaky start, JC Penney stands firm on reinvention plan. ZMUDA, NATALIE // Advertising Age;5/21/2012, Vol. 83 Issue 21, p1 

    The article focuses on the retail industry firm J.C. Penney. The company's business loss of $163 million in the first quarter of 2012 due to a 20 percent decline in sales is examined in terms of the corporate turnaround plan instituted by Chief Executive Officer (CEO) Ron Johnson and President...

  • Contemporary Firms Buckle Up For A Rough Ride. Kaplan, Julee; Chinsee, George; Mitra, Robert; Aquino, John; Centeno, Talaya // WWD: Women's Wear Daily;10/16/2008, Vol. 196 Issue 81, p9 

    The article focuses on the preparation made by various contemporary designers and retail stores to fasten up the future crisis in retail industry in the U.S. The NPD Group reveals the declination in apparel spending in women between ages of 12-34 years old from $33.22 billion to $31.31 billion...

  • RETAIL THERAPY. GAVIN, RACHAEL // Australian Giftguide;Apr-Jun2013, p44 

    The article examines several ways for houseware retailers to survive after the Christmas shopping season. These ways include performing strategic, operational, and tactical planning three months before December, having enough product quantity to survive the season, and keeping finances in check...

  • Three Turnaround Travails. Brandt, John R. // Industry Week/IW;Jun2003, Vol. 252 Issue 6, p21 

    Presents an article on ways in which companies can revive and change their inactive and failed business models and achieve corporate turnarounds. Need for companies to realize practices that are inappropriate; Advice for executives on cost control; Factors that should be considered in...

  • Laura Desmond. Schmuckler, Eric // MediaWeek;12/6/2004, Vol. 14 Issue 44, Special Section p2 

    Highlights the success of Laura Desmond, chief executive of MediaVest and "Mediaweek's" Media Executive of the Year, in turning the company into a full-service media agency. History of MediaVest; AOR accounts won or defended by the company; Factors that are important in building partnership...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics