MANAGING A RETURN TO FINANCIAL HEALTH
- 1 February 1981
- journal article
- Published by Emerald Publishing in Journal of Business Strategy
- Vol. 2 (1) , 31-38
- https://doi.org/10.1108/eb038922
Abstract
When Jim La Fleur took the helm at GTI, it was a company hovering on the edge of bankruptcy. By using the Altman Bankruptcy Predictor Model in an active way to set strategy, La Fleur was able to return the company to a sound balance sheet. This is a case report of a marriage of an academically developed model and a corporate strategy designed to manage a financial turnaround.Keywords
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