Follow on Google News News By Tag * Turnaround Management * Corporate Restructuring * Corporate Transformation * Business Turnaround * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Turnaround Management Society publishes the International Turnaround Management StandardThe International Turnaround Management Standard is a guided system companies can follow through corporate restructuring and transformation in critical situations.
Led by Dr. Christoph Lymbersky, the project developed the International Turnaround Management Standard (ITMS) to be used in virtually any corporate crisis. Before the ITMS every turnaround consultant or manager followed his or her own rules sometimes they were successful sometimes most turnaround however failed. The ITMS is a dramatic change to the turnaround management industry because for the first time a universal framework can be applied that is builds on the best practice of over 30 years. Dr. Lymbersky and a team of leading academics and practitioners in the fields of Crisis Management, Turnaround Management and Project Management analyzed more than 150 successful turnaround cases to develop the system. A turnaround manager who follows the steps of the ITMS begins with the Analysis Stage to assess the company’s situation and identify turnaround or restructuring strategies specific to the company’s situation. Then, applying turnaround best practices learned from the 150 case studies, the Turnaround Stage identifies issues specific to the company and triggers actions like communication strategies with stakeholders to ensure stakeholder support. Having in mind that most turnarounds failed because turnaround processes were not holistic the ITMS offers a structure in which no aspect in turning a company around can be forgotten. The Turnaround Management Society, a not-for-profit organization, publishes and oversees the further development of the International Turnaround Management Standard IT also offers Certified International Turnaround Manager (CITM) certification classes. For more Information please contact the Turnaround Management Society www.Turnaround- or visit the ITMS website www.Turnaround- Dr. Christoph Lymbersky is director of the Turnaround Management Society and a top management consultant at Detecon International leading transformation projects for international corporations. End
Account Email Address Account Phone Number Disclaimer Report Abuse Page Updated Last on: Aug 13, 2013
|
|