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MANAGING A RETURN TO FINANCIAL HEALTH

Edward I. Altman, James K. La Fleur

Journal of Business Strategy

ISSN: 0275-6668

Article publication date: 1 February 1981

418

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.

Citation

Altman, E.I. and La Fleur, J.K. (1981), "MANAGING A RETURN TO FINANCIAL HEALTH", Journal of Business Strategy, Vol. 2 No. 1, pp. 31-38. https://doi.org/10.1108/eb038922

Publisher

:

MCB UP Ltd

Copyright © 1981, MCB UP Limited

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