Abstract
The prolonged downturn in the U.S. economy has produced new challenges for turnaround firms. No longer has it been possible to “wait out the cycle” while speeding up cash flows to make it through to better times. We remain at the bottom of a cycle that may last several more years. This panel discussion covers the implications for turnaround firms of this long-lasting portion of the business cycle. Emphasis is placed on operational issues, the effects of deregulation, and, especially, the cash cycle.
- © 2003 Pageant Media Ltd
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