Business Turnaround

• Business Turnaround

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IBM - Further reading

1 Doug Garr (1999). IBM Redux: Lou Gerstner & The Business Turnaround of the Decade.

Harper Business.


Sohaib Abbasi - Further reading

1 * Sohaib Abbasi (Oct. 23, 2006). [

http://www.sandhill.com/opinion/editorial_print.php?id=105 5 Steps to a Business Turnaround]. Sandhill.com.


Insolvency - Consequences

1 This is known as 'business turnaround' or

'business recovery'


Malaysia Airlines - Second period of unprofitability

1 Under the leadership of Idris Jala, Malaysia Airlines launched its

Business Turnaround Plan in 2006, developed using the Government-

linked company (GLC) Transformation Manual as a guide.


Malaysia Airlines - Second period of unprofitability

1 There are other factors listed in the Business Turnaround Plan of Malaysia Airlines, all leading to the net loss of

RM1.3 billion in the year 2005.


Malaysia Airlines - Recovery from unprofitability

1 Under the various initiatives, launched together with the Business Turnaround Plan, Malaysia Airlines switched from

losses to profitability between FY2006 and FY2007. When the Business Turnaround

Plan came to an end, the airline posted a record profit of 851 million Ringgit (265

million dollars) in 2007, ending a series of losses since 2005. The result exceeded the target of RM300 Million by 184%.


Malaysia Airlines - Corporate information

1 Under his leadership, Malaysia Airlines unveiled its Business

Turnaround Plan (BTP) in February, 2006, which identified low yield, an

inefficient network and low productivity (overstaffing)


Malaysia Airlines - Head office

1 In 2006, the airline moved its head office from the Kuala Lumpur building

to the former headquarters in Subang, in order to reduce

inefficiencies and generate cash.[http://www.malaysiaairlines.com/con

tent/dam/mas/master/en/pdf/corporate-info/Business

%20Turnaround%20Plan%20%28BTP%201%29.pdf The MAS Way: Business Turnaround Plan]


Uri Dadush

1 Before working at Carnegie, Dadush’s experience was split evenly

between the public and private sector, where he led a number of business turnaround situations


Idris Jala

1 Before that, Idris used to work for Royal Dutch Shell|Shell. In 2005, the Malaysian

government elected him as CEO of Malaysia Airlines due to massive losses of the company. In February 2006, he

announced the airline's business turnaround plan from a 9-month loss of USD400 million in 2005 to achieving a record profit of USD260 million in 2007

until September 2009.


Little Chef

1 Little Chef has been owned by six different companies since its mid-1980s heyday. It was owned by Trusthouse Forte from the

1970s, who were taken over by Granada plc|Granada, who were then taken over by Compass Group|Compass, who sold the

chain to the private equity firm Permira, who divested the chain to The People's

Restaurant Group, who in turn sold the chain to the business turnaround specialists

RCapital.


Blue Air - History

1 After a very short business turnaround following the takeover from the past year the company now owns part of the 737

fleet that is operating, it added new routes, has charter contracts for several

Romanian tour operators, is wet leasing 2 aircraft to Meridiana and it is been leaked

that it is interested in taking over yet another company under its wing, this time Cyprus Airways, the flag carrier of Cyprus


Haim Saban - ProSiebenSat.1

1 Saban oversaw a successful business turnaround of ProSiebenSat.1,

recruiting former business rivals, ex-BSkyB chief executive Tony Ball and former BBC Director General Greg

Dyke to the board of the company.


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Business Turnaround