Conference: Managing a turnaround

A 5-day conference on turnaround management will be held 15 - 19 May at Wits Business School.

Follow this link to download the Turnaround management course brochure and application form.

Turnaround strategies and techniques are essential for any organisation in distress or any business.  A solid business plan can assist an entrepreneur in making a success of a company even after several failures or an organisation that is struggling.

“Businesses and entrepreneurs should not see bankruptcy or liquidation as the end of the road; rather they should be motivated to persevere by implementing an effective turnaround strategy in order for the business to survive,” says one of the programme leaders, Frans van Heerden: Wits Business School.

The “Managing a Turnaround” programme is designed to provide participants with an analytical framework, help develop a mindset to appreciate and tackle turnarounds and share experiences with turnaround leaders such as the CEO of Barloworld, Tony Phillips, who will be presenting his case study at the course.

The programme provides insight into the various stages and processes of turnaround management such as the definition, stages of a turnaround, rapid appraisal and detailed analysis, recovery plan development and implementations.  The financial, legal, operations, marketing, politics and human considerations are evaluated in depth.

CEO’s and managers who are likely to be confronted with turnaround situations or are involved in mentoring individuals on turnaround techniques are encouraged to participate in this programme.

The key learning outcomes of the programme include:

• Differentiating how turnaround differs from “normal agreement”.
• Provide students with a detailed analysis and recovery development plan.
• Present case studies from the private sector, parastatals and government providing participants with a broader understanding of how turnaround strategies could be implemented in various sectors.

For more information on the course please contact programme manager: Debbie Sachs on tel: (011) 717-3637, e-mail: sachs.d@wbs.ac.za.  Alternatively contact Frans van den Heeden on cell: 082-557-5130 or e-mail: fmvh@mweb.co.za.

This news flash was brought to by Turnaround Management Association - Southern Africa - the forum for turnaround and corporate renewal professionals in Southern Africa, established for purposes of information exchange, knowledge capturing, networking, education and raising the standards of turnaround.