Preface
Acknowledgements
Chapter 1 The Challenge of Business Renewal
Global Hardships
Macroeconomic Pressures
Industry Decline
Company Losses
Foundations of Business Renewal
Roadmap for Business Renewal
Further Evidence
Leadership
Building Stakeholder Relationships
The Challenge
Chapter 2 Recognizing Organizational Decline
Warning Signals
Severity of Decline
Sources of Decline
Triggers for Business Renewal
Should Management Be Replaced?
Chapter 3 Resolving Financial Distress
Managing Net Working Capital
Asset Restructuring
Debt Restructuring
Mechanisms for Restructuring
Sale of Equity
Leveraging Public Relations
Outcomes
Small Business Restructuring
Chapter 4 Changing Strategy and Structure
Choosing Turnaround Strategy
Balanced Scorecard
Implementing Turnaround Strategy
Organizational Structure
Small Business Strategies
Chapter 5 Increasing Operations Efficiency
Desnoes and Geddes
Systems Analysis
Supply Chain Management
Assessing Supply Chains
Strengthening Supply Chains
Small Business Efficiency
Chapter 6 Sustaining Profit Recovery
Strategic Forecasting
Strategic Foresighting
Improving Employee Morale
Managing Enterprise Risks
Workers Bank
Corporate Governance
Developing Small Business
Conclusion
References
Index