Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal /by James B. Shein. The question is not if your business will encounter economic trouble, but when. An entrepreneur or corporate executive has only a limited amount of time to successfully redirect a business in the face of a fiscal downturn. In our turbulent economic climate, companies need to respond at the first sign of economic hardship. Reversing the Slide offers the tools to recognize the warning signs of business underperformance and the strategies to climb back to success. With real-life examples from well-known companies, Reversing the Slide is a must-have manual for business leaders who want to ensure sustainability and growth. This engaging book explains the main causes and warning signs of financial distress. Once these problems are identified, Reversing the Slide gives leaders the skills to seamlessly carry out three key changes known as the Turnaround Tripod: Strategic changes, Operational changes, and Financial changes. The author also illuminates the complex details of company downsizing and the pros and cons of bankruptcy. Reversing the Slide is designed to be flexible and can meet the needs of nonprofit organizations as well as business professionals. It includes international turnaround tactics and offers valuable advice on how to locate, purchase, and revive a failing business as an entrepreneurial investment. Fiscally strong companies will appreciate the book's guidelines to help them focus on and strengthen their core competencies as well as help spot a customer or supplier in trouble. Reversing the Slide is a hands-on resource for all entrepreneurs and managers. No business or nonprofit is exempt from fiscal challenges; Reversing the Slide offers the insight needed to overcome economic and performance setbacks.
