Information Priorities In Turnaround Situations

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Joseph L. Bonnici
William B. Fredenberger

Keywords

turnaround management, Turnaround Management Assocation, financial crises

Abstract

This study, carried out among members of the Turnaround Management Association, describes the information needs of turnaround managers as they go about rescuing firms from financial crises. Working with limited resources, within a very short timeframe, the managers prioritize their information needs. In so doing, they confirm three hypotheses. First, turnaround managers are more likely to source information from the companys management information system than from the companys customers. Second, they tend to opt for cost cutting rather than increasing revenues. Finally, they are more likely to adopt a current (instead of a future) time horizon in analyzing the information.

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