RT Journal Article
SR Electronic
T1 Common Blunders in Corporate Crises: <em>How to Weather</em>
	       <br/>
	       <em>the Perfect Storm Practically</em>
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 19
OP 22
DO 10.3905/jpe.2013.16.3.019
VO 16
IS 3
A1 Harry Gray
A1 Chad Greenway
A1 Christian Metzger
YR 2013
UL https://pm-research.com/content/16/3/19.abstract
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