STRATEGY 898 - Managing the Challenged Bus
This is an advanced strategy/management course that focuses on the role of managers in responding to challenges, both internal and external, both expected and unexpected, that have the potential to prevent, or seriously disrupt, the implementation of the firm's strategy. The course explores the array of challenges of this nature that businesses may face in the current global business environment and the options managers have in addressing them. Also discussed will be the roles that advisors, within the firm and external, play in these circumstances. In addition, the class will examine the circumstances in which the use of formal bankruptcy reorganizations tools may be necessary.
Future managers should be prepared to recognize and deal with challenges to businesses in a number of different roles—as direct managers of a challenged business, as managers of firms impacted by distress to their suppliers, partners, or customers and as future owners and directors of, or advisors to, such businesses.
Professor Englar will be joined in some classes by Rick Wagoner, former Chairman and CEO of General Motors. Both bring unique experiences, as both managers and directors, in the restructuring of two vital U.S. industries—automotive and textiles—historically the largest providers of jobs domestically. As appropriate, other outside experts in business turnarounds and other aspects of the restructuring process will present to the class. The course goal is to interweave the experience of participants in these processes with substantive knowledge and tools to which managers will need to be exposed.