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When firms are doing so badly that failure seems imminent, only turnaround management can restore performance and profitability. Chief executives, directors, 'company doctors', consultants and merchant bankers (as well as investors tracking the progress of ailing businesses) can all transform their effectiveness by understanding the basic principles.

The key to recovery lies in a rigorous diagnostic review followed by a stabilization programme designed to take control, overcome the immediate crisis and create cash (and a breathing-space) for building long-term success.

'This is an ambitious book which covers the full range of turnarounds/performance-improvement issues. It provides the reader with clear insights into creating and implementing an effective turnaround' Peter Smitham, Managing Partner, Schroder Ventures

A well-researchecLand practical guide to the processes involved in rescuing companies which might otherwise perish - should be a "must read" for all those professionals and executives involved in managing and advising companies' Louis Franks, Investment Banker, HSBC Investment Bank

'A comprehensive and logical analysis of the problems associated with turnaround companies ...Turnarounds require management writ large;

this is essentially a book on management under stress' lan Hay Davison, Chairman, M.D.I.S. pic

'I believe this book by Stuart Slatter and David Lovett will become acknowledged as the definitive manual on Corporate Turnaround Management... found in every businessman's top right-hand drawer' Bill McGrath, Chief Executive, British Gas Energy Centres