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Managing Corporate Turnarounds

  • EUR 4,400

  • classroom only
  • Netherlands (Amstelveen) |
  • Oct, 2022 - Oct, 2022
    • Certificate

    Companies end up in financial distress for a variety of reasons and in different degrees of severity, ranging from ‘plain loss’ of shareholder value to liquidity crisis and (eventually) bankruptcy. Management and/or turnaround professionals – at any point along the path of decline – try to avoid further deterioration of financial distress and subsequently regenerate value for old and new stakeholders by turning the business around and restoring its cash-generating capacity.

    The course uses a web-based simulation that will take you through the various stages of a turnaround process (of a car manufacturer). The simulation is designed to enhance your understanding of the connection between financial and operational processes, and the trade-offs between short-term survival and long-term recovery. Even if you will never end up in a turnaround situation, this course will substantially increase your understanding of how companies work and how to manage cash.

    Program Benefits

    • Diagnose causes of decline | Learn which actions and circumstances bring companies into decline; how they can be foreseen or prevented.
    • Assess turnaround situations | Evaluate how critical the situation is and estimate how much time is left to execute a turnaround.
    • Develop solutions | Define short-term actions for survival while working on a long-term recovery plan. Create a turnaround plan by relating financial restructuring to operational restructuring.

    Who Should Attend

    • General managers with P&L responsibility
    • Finance managers wanting to understand operational processes
    • Professional advisors, e.g. consultants or accountants
    • Entrepreneurs

    Faculty

    Joost de Haas
    Professor

    *Program faculty is subject to change

    Upcoming

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