Spring 2009 MBA Course

B8711-002: Turnaround Management

M - Full Term, 02:15PM to 05:30PM

Location: URI 330

Instructor: Kathryn Harrigan

Prerequisite(s): B6013 B6301

Corequisite(s): B6302

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This course provides students with a perspective on identifying and remedying turnaround business situations, that is, established businesses experiencing operational, financial and managerial difficulties. Students learn from the standpoint of a general manager how to distinguish between “troubled” and “crisis” companies and how to use qualitative and quantitative tools to effect solutions. The course integrates the functional disciplines of the core curriculum.   Building upon a basic understanding of accounting and corporate finance, the course engages with these core restructuring concepts:  cash flow and going concern projections; debt restructuring and liquidation analysis; creditor relationships, managerial and governance perspectives.   Assignments are team-oriented projects culminating in a final team analysis of a turnaround situation.

Kathryn Harrigan

Henry R. Kravis Professor of Business LeadershipProfessor Harrigan, who teaches courses in strategic management and international business strategy, is a specialist in corporate strategy, industry and competitor analysis, diversification strategy, joint ventures, mergers and acquisitions, turnarounds, industry restructurings and competitive problems of mature- and declining-demand businesses. She serves on the boards of three publicly traded firms and is the author of several prize-winning books on strategy.

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