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Preventing Corporate Turnarounds through an Early Warning System

Author

Listed:
  • Ramon Oehninger

    (ZHAW School of Management and Law, Switzerland)

  • Michael J. Kendzia

    (ZHAW School of Management and Law, Switzerland)

  • Felix Scherrer

    (ZHAW School of Management and Law, Switzerland)

Abstract

Bankruptcy proceedings of companies have been all but new phenomena in the business world. Latest cases, encompassing Toys R Us, Fred’s, and Sears in the US as well as Thomas Cook and Air Italy in Europe, demonstrate that managers often fail to run their businesses properly. As an alternative in such a case, managers could prevent potential downfalls through knowledge of a successful turnaround management. Learning about the implementation of an early warning system (EWS) might help avoid corporate turnarounds in the first place. Hence, it is crucial to offer managers a pragmatic and solutionoriented approach. That being said, the authors design a specific EWS that might contribute to bypassing corporate turnarounds at an early stage. By doing so, the article aims at disseminating information on better EWS for public corporations.

Suggested Citation

  • Ramon Oehninger & Michael J. Kendzia & Felix Scherrer, 2020. "Preventing Corporate Turnarounds through an Early Warning System," International Journal of Management, Knowledge and Learning, International School for Social and Business Studies, Celje, Slovenia, vol. 9(2), pages 185-205.
    • Handle: RePEc:isv:jouijm:v:9:y:2020:i:2:p:185-205
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    References listed on IDEAS

    as
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