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28 Nov 2010, 15:36
Kudos
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Hey all,
I have been researching as much as I can about leading turnaround management (i.e. distressed firms). I am assuming it involves leading an interim management team to save distressed companies, which exactly what I'd like. However, I just separated from the military and I simply dont have any base of knowledge about it, despite having googled in into exhaustion. Hopefully the broader perspective of the GC community can fill in the gaps I have......
Those gaps are...
1. Is turnaround management even a distinct field or is a part of another?
2. Is it possible to get recruited out of b-school this way?
3. What are the major firms that do this sort of thing?
4. Are the positions in corporations, or are they more employed by PE firms that are looking to improve and integrate a recent purchase?
Thanks so much
I have been researching as much as I can about leading turnaround management (i.e. distressed firms). I am assuming it involves leading an interim management team to save distressed companies, which exactly what I'd like. However, I just separated from the military and I simply dont have any base of knowledge about it, despite having googled in into exhaustion. Hopefully the broader perspective of the GC community can fill in the gaps I have......
Those gaps are...
1. Is turnaround management even a distinct field or is a part of another?
2. Is it possible to get recruited out of b-school this way?
3. What are the major firms that do this sort of thing?
4. Are the positions in corporations, or are they more employed by PE firms that are looking to improve and integrate a recent purchase?
Thanks so much
29 Nov 2010, 14:46
Kudos
Bookmarks
turnaround specialists are usually ppl who have either extensive experience in a similar company/function (i.e. ex-CEO of a competitor looking for work) or industry focused (i.e. partner at Mckinsey). they're folks with lots of experience to lead a distressed company out of the hole and into profitability.
if this field interests you, i'd say your best best is to make your way into consulting. companies don't hire consultants unless there's a problem of some kind.
if this field interests you, i'd say your best best is to make your way into consulting. companies don't hire consultants unless there's a problem of some kind.
02 Dec 2010, 13:06
Kudos
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Thanks kb, that was the kind of perspective I was looking for.
Much appreciated
Much appreciated
