CORPORATE TURNAROUND – BIPRORAF CASE STUDY

Piotr Bieniasz-Krzywiec
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Piotr Bieniasz-Krzywiec: Automatic Systems Engineering Sp. Z o.o., Poland

Chapter 16 in ENTERPRISES IN UNSTABLE ECONOMY, 2015, pp 211-222 from Faculty of Management and Economics, Gdansk University of Technology

Abstract: Corporate turnaround situation refers to the point where financial and non financial performance of a company indicates that it will fail in a foreseeable future unless corrective action is taken. The available academic literature provides number of methods of spotting symptoms and causes of corporate decline which is overviewed here and confronted with a real life example of the specific turnaround situation. The conducted research indicates that theoretical approach to turnaround can be applied in practice however despite apparent symptoms of corporate decline business leaders very often do not take required corrective action on time. The majority of turnarounds are triggered by new management teams and new owners.

Keywords: corporate turnaround; strategic change; corporate decline; restructuring (search for similar items in EconPapers)
JEL-codes: D23 G30 G31 G32 G33 G34 (search for similar items in EconPapers)
Date: 2015
ISBN: 978-83-62197-53-8
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