Teaching Turnaround Management and Bankruptcy

Abstract

Students both need and want to learn how to restore distressed and dying companies. Business schools have a responsibility to both their students and to society to teach these skills. One factor holding back faculty who might have considered teaching a course on this topic is the lack of a textbook and any ancillary support material. This article discusses how several faculty members have successfully overcome this limitation. A short review of the techniques of turnaround management is also provided based on discussions with several practicing turnaround managers.

JEL Classification: A20