MANAGING A RETURN TO FINANCIAL HEALTH
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