Greatest turnaround GURU
Who is the greatest turnaround expert to learn from? In terms of being able to turn distressed companies around.
Who is the greatest turnaround expert to learn from? In terms of being able to turn distressed companies around.
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I guess it all depends on who's publishing and what access you have to their teachings. There are brilliant geniuses in the space who never publish a word. For the lower middle market Arnold Goldstein was excellent, a prolific writer and brilliant teacher. David Silver was also a prolific writer. There are plenty of books, articles and case studies on larger company turnarounds but I can't think of any prolific writers in that category. Plenty of promotional business consultants and speakers will claim turnaround experience but it's just a claim, not a craft.
Also, check out James B. Shein and his book Reversing the Slide. He has a great background from being at attorney, turnaround CEO, turnaround investor now professor at Kellogg. He's still active in the industry and probably the leading turnaround academic.
Thanks but I can kid of split reasons for distress under three main categories:
Any takers?
Y'know, to this day the first person who springs to mind when I think "turnaround" is Carlos Ghosn. For obvious reasons he's probably not the best role model right now...
Donald B. Bibeault and his book "Corporate Turnaround: How Managers Turn Losers Into Winners!" was probably the reason I took an interest in turnarounds in the first place. I thought it was a really interesting read, even for someone, who at the time, had zero experience with turnarounds.
I want something really heavy with a narration of the experience, something like "BARBARIANS at the gate" in terms of depth and content!
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Try Gary Sutton's The Six Month Fix. There were a couple narrative sections that really caught me. Not many others come to mind. Read the descriptions of TMA turnaround of the year awards, annually these are some of the best turnaround writings out there.
Vulture Capitalists book was written like a series of 1980's magazine articles on the Barbarian crowd. There are blowhards like Harvey Makay who narrate all sorts of crap but is not a legit turnaround guy. I never read Al Dunlap's book, I'm sure plenty of chest thumping there.
Just tried the 6 month fix!
+SB, purchased based on the table of contents.
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