There are many books on business but very few on turnaround management. Yet, to turn around a distressed business is one of the most crucial challenges of a manager: You have to get it right first time, there is no room for failure and a lot of people's jobs and livelihoods depend on the turnaround manager doing a good job. This book is written by a practitioner, for practitioners and tells about practitioners. About the successful and the not so successful, offering valuable lessons from both. This book has also been written with the student or novice in mind, because all to often studying is based on theory rather than on real life and its antics. Therefore this book contains exercises and questions designed to stimulate strategic thinking and to challenge conventional wisdom. Only if we constantly review our deeds and relentlessly seek new best practices, we will succeed. When writing this book, it was of particular importance to me to not just write about the "what to do." Too many books and too many consultants just tell you what to do, yet neglect to tell you the secrets of actually "how" to do it. It is easy to say "you have got to reduce your costs but without compromising quality." The real trick is how you actually do it. This book is full of "how's" and therefore a practical everyday guide, manual, some even may say "bible" for the turnaround practitioner. Real life examples, experienced by the author himself, not fiction or theoretical models make this book an exciting reading, taking you on a tour through the changes of management over time and juxtapositioning successful and failing strategies and decisions. A lifetime of over 30 years experience and learning condensed and distilled, makes Turnaround and Crisis Management unique, current, highly topical and valuable to practitioners, clients and company directors alike.