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Turnaround Guidelines for Businesses in Decline or Distress by Hendrik S. Palm

In my review of

Turnaround Guidelines for Businesses in Decline or Distress by Hendrik S. Palm

on Amazon.co.uk, I rated the book at the Four Stars level. This means I consider it to be good.

Here is my book review.

This is a short guide on the turnaround process

This is a short guide on the turnaround process including:

  • how businesses get in trouble,
  • establishing whether the business can be turned around in the time available,
  • diagnosing potential interventions using the value chain, capacity constraints and the 7-S model implementing the necessary actions including strategic repositioning,
  • generating cash, selling assets, improving cash management and reducing costs.


It does have several mentions of Africa that confused me because the book doesn’t have an author’s biography. Mentioned within the book is that he has 20 years plus turnaround experience.

There are some nice diagrams in the book but as if often the case with Kindle, these don’t come out as well as you’d like. Even on my tablet, they were quite small and when I expanded them, they were a little blurred. Just about readable but this is an area for improvement.

Amazon say this is “a guide for managers, owners and investors” and this makes the book a little less focused than you’d hope. It wasn’t clear to me whether this was written for people responsible for the business being turned around and who therefore need to understand what will happen or whether it was for turnaround managers. It sits in the middle and whilst it has plenty of useful information, it’s not a do it yourself guide as it is very strong on replacing the weak management responsible for the decline.

I’d also encourage the author to make use of the table of contents and create hyperlinks to the different sections. Time matters and you don’t want to waste it, trying to to find what you’re looking for.

It is available to buy from Amazon.co.uk and Amazon.com.

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