A Practical Guide in Five Steps Most executives will lead or be a part of a reorganization effort (a reorg) at some point in their careers. And with good reason—reorgs are one of the best ways for companies to unlock latent value, especially in a changing business environment. But everyone hates them. No other management practice creates more anxiety and fear among employees or does more to distract them from their day-to-day jobs. As a result, reorgs can be incredibly expensive in terms of senior-management time and attention, and most of them fail on multiple dimensions. It’s no wonder companies treat a reorg as a mysterious process and outsource it to people who don’t understand the business. It doesn’t have to be this way. Stephen Heidari-Robinson and Suzanne Heywood, former leaders in McKinsey’s Organization Practice, present a practical guide for successfully planning and implementing a reorg in five steps—demystifying and accelerating the process at the same time. Based on their twenty-five years of combined experience managing reorgs and on McKinsey research with over 2,500 executives involved in them, the authors distill what they and their McKinsey colleagues have been practicing as an “art” into a “science” that executives can replicate—in companies or business units large or small. It isn’t rocket science and it isn’t bogged down by a lot of organizational theory: the five steps give people a simple, logical process to follow, making it easier for everyone—both the leaders and the employees who ultimately determine a reorg’s success or failure—to commit themselves to and succeed in the new organization.

Includes bibliographical references and index.

Reveals the unwritten and hitherto inaccessible principles that govern the restructuring of large corporations in Chapter 11.

A Great Reference Source For Business Leaders and Their Professionals Each year billions of dollars of business credit and contracts are restructured under Chapter 11 of the United States Bankruptcy Code. In the process, substantial fortunes are reallocated. Debtors in Chapter 11 reorganizations range from some of the largest business entities in the world to small local businesses. When these companies file for protection from creditors under Chapter 11, new problems and opportunities are created. Mr. Alderman draws upon over twenty years of experience counseling clients to explain the key legal theories and offer practical and tactical advice to business leaders, stakeholders and their advisors. "This book should be a part of the libraries of management, practitioners and accountants. It is comprehensive." The Halyard Restructuring Group, LLC. "This well organized and comprehensive book will be a great asset for anyone on either side of a Business Bankruptcy." William Wright, President & Publisher, Park Ave Publishers Inc. "This book is a great reference source with a wealth of insightful information - No accounting firm's library will be complete without a copy." James E. Schultz, CPA, Sheptoff, Reuber & Co.

Completely reworked and updated, the third edition of Business Reorganizations is uniquely designed to make learning the Chapter 11 process an engaging, challenging and fun experience. The book is organized into ten chapters, each concentrating on a different phase of the attempt to rescue the fictional, financially beleaguered Amphydynamics Corporation and its related companies. This storyline runs the length of the book, and gradually unfolds in many problems and notes within each chapter. The problems direct reading of the opinions and other materials by placing issues in context. They help students to understand the commercial transactions and business environment that form the backdrop against which the Chapter 11 drama is played out. They introduce an ensemble of characters possessing conflicting and shifting loyalties, interests, and attitudes, and who reveal the human dimension of the Chapter 11 process. The problems also focus attention, heighten interest, and bare some ethical dilemmas by inviting students to role-play -- to think like clients as well as lawyers -- and to negotiate, advise, and strategize. Business Reorganizations provides professors with the flexibility to pick and choose materials they feel deserve emphasis in their individual courses. Purposely comprehensive and encyclopedic, this book is designed both as a tool for law school and as a resource for practice. Extensive textual notes following the cases provide the reader additional explanation and expansion of the themes expressed in the cases, are comprehensive enough to serve as mini-treatise; so giving the book an extended shelf life. A sample disclosure statement, plan of reorganization, and ballot, may be downloaded for class use. The eBook version of this title features links to Lexis Advance for further legal research options.