The Turnaround Management Society (TMS) has finished it’s most ambitious project to develop a standard for turnaround management practitioners. The project was set for three years and lead by Christoph Lymbersky director and lead project manager of the Turnaround Management Society.
Turnarounds are a very common situation that statically 30% of the listed companies on the NYSE run into within ten years. The research led by Christoph Lymbersky of turnaround cases suggests that a lot turnarounds are done in house by the companies themselves, few have professional turnaround help.

A strong business turnaround requires creating a plan your creditors will use; then, you must prioritize whose debts you will pay.  It is your responsibility to apprise your creditors of your business turnaround plan and company forecasts so they can extend loans, grant more, or even forfeit some of the debts. Be Forthcoming with Creditors The goal [...]

An injection of turnaround finance involves saving a potentially insolvent company from irreversible insolvency and returning the company to a stable financial and operational position. The objective is to achieve this whilst maximising creditors’ interests and the interests of employees, managers and shareholders. Popularised by such media productions as Dragon’s Den (starting in Japan, now [...]

Financial institutions are a pillar of civilized society, supporting people in their productive ventures and managing the economic risks they take on. The workings of these institutions are important to comprehend if we are to predict their actions today and their evolution in the coming information age. The course strives to offer understanding of the theory of finance and its relation to the history, strengths and imperfections of such institutions as banking, insurance, securities, futures, and other derivatives markets, and the future of these institutions over the next century.

like any competitive pastime, we measure how well we are doing, by looking at others. This is a good way to improve yourself and your business If you are a sprinter and run alone, how will you know how you compare to others who also run? The principle also applies to business and business owners. [...]

Outsourcing has been delegated as a unique position in the business world due to the ever increasing amount of work pressure and competition in the marketplace. At present time, many businesses are availing the help of outsourcing to split the workload and responsibilities. Handling finance related task is a crucial aspect of any business and [...]