PT - JOURNAL ARTICLE AU - Harry Gray AU - Chad Greenway AU - Christian Metzger TI - Common Blunders in Corporate Crises: <em>How to Weather</em> <br/> <em>the Perfect Storm Practically</em> AID - 10.3905/jpe.2013.16.3.019 DP - 2013 May 31 TA - The Journal of Private Equity PG - 19--22 VI - 16 IP - 3 4099 - https://pm-research.com/content/16/3/19.short 4100 - https://pm-research.com/content/16/3/19.full AB - Crises come on strong, and history tells us that few middle market companies are prepared for stormy seas. So, before the onslaught of a crisis, how can investors and advisors help management with battle planning and advance staging for either a turnaround or restructuring? Successful hands-on execution, especially in a crisis, is both an art and a science. Establishing command and control in a crisis requires much more than unlocking and preserving cash; it requires a unique battle-hardened skill set not typically developed during the course of a regular management career. Most general managers do not operate in venues depleted of capital, talent, reputation, and morale and are incongruous with the grit and grind of running a distressed company. The authors review common blunders in corporate crises and present indispensable lessons gleaned from corporate trench combat.TOPICS: Private equity, manager selection, financial crises and financial market history, performance measurement