PT  - JOURNAL ARTICLE
AU  - Russell K. Burbank
TI  - The Classic Five-Step Turnaround Process
AID  - 10.3905/jpe.2005.490419
DP  - 2005 Feb 28
TA  - The Journal of Private Equity
PG  - 53--58
VI  - 8
IP  - 2
4099  - https://pm-research.com/content/8/2/53.short
4100  - https://pm-research.com/content/8/2/53.full
AB  - No company is immune from experiencing the highs and lows of the business lifecycle throughout the course of its existence. Regardless of their ultimate level of success and distress, or failure, most firms will experience early days of achievement and later challenges that threaten this success. How can business leaders lessen the impact of a downturn? What can owners and investors do when the first signs of distress become evident? This case study will highlight a proven five-step turnaround process that can help companies restore value.