PT - JOURNAL ARTICLE AU - Deborah Hicks Midanek TI - How to Do a Turnaround DP - 2002 Mar 20 TA - Turnaround Management PG - 14--22 VI - 2002 IP - 1 4099 - http://guides.pm-research.com/content/2002/1/14.short 4100 - http://guides.pm-research.com/content/2002/1/14.full AB - Paralyzed management and poor financial systems are central to a sinking company. The first step to recovery for the professional turnaround manager is to quickly select a turnaround team. Good team members have a sense of urgency and haven't isolated themselves at corporate headquarters. They know what needs to be done and who can help. Midanek providers pointers for cash management and determining whether the enterprise can be saved. If it seems it can, she shows us the steps in developing a plan and, most importantly, implementing it.