Corporate Restructuring Finance in Times of Crisis
Technological progress and globalization have completely changed the overall conditions and rules of entrepreneurial engagement. The speed of this modern high performance economy has accelerated, competition is fiercer than ever, and the battles are no lo
- PDF / 1,326,055 Bytes
- 182 Pages / 439.376 x 666.15 pts Page_size
- 73 Downloads / 203 Views
ed in English by the Academic Network
G. Corbae · J. B. Jensen · D. Schneider Marketing 2.0 VI, 151 pages. 2003. ISBN 3-540-00285-5 S. Dutta · A. De Meyer · A. Jain G. Richter (Eds.) The Information Society in an Enlarged Europe X, 290 pages. 2006. ISBN 3-540-26221-0
Michael Blatz Karl-J. Kraus Sascha Haghani Editors
Corporate Restructuring Finance in Times of Crisis
With 64 Figures and 2 Tables
123
Michael Blatz Karl-J. Kraus Roland Berger Strategy Consultants GmbH Alt Moabit 101b 10559 Berlin, Germany E-mail: [email protected] E-mail: [email protected] Dr. Sascha Haghani Roland Berger Strategy Consultants GmbH Karl-Arnold-Platz 1 40474 Düsseldorf, Germany E-mail: [email protected]
Cataloging-in-Publication Data Library of Congress Control Number: 2006922371
ISBN-10 3-540-33074-7 Springer Berlin Heidelberg New York ISBN-13 978-3-540-33074-5 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springeronline.com © Springer-Verlag Berlin Heidelberg 2006 Printed in Germany The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: Erich Kirchner Production: Helmut Petri Printing: Strauss Offsetdruck SPIN 11692232
Printed on acid-free paper – 42/3153 – 5 4 3 2 1 0
Foreword Technological progress and globalization have completely changed the overall conditions and rules of entrepreneurial engagement. The speed of this modern high performance economy has accelerated, competition is fiercer than ever, and the battles are no longer fought in the domestic or intra-European arena, but on a global level. To keep up with their rivals and increase their productivity, businesses must be able to efficiently manage their processes and structures. However, strategies and business models must be developed simultaneously to set the stage for a successful and sustainable course of expansion. Driven by these forces, the management and focus of restructuring measures has also changed in recent years: in the past, the primary objective was to implement solutions to improve the operational end of the business – and, ultimately, to cut costs. The strategic revamping of the company is closely linked to this type of operational restructuring. Since t
Data Loading...
