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Mad @ Mgmt

with Walter Simson

August 2010

Taking the Long View in a Short-Term Culture

08/17/10

Taking the Long View in a Short-Term Culture

My son has a great manufacturing internship. He really enjoys it. In many ways, he is living the life that his Wisconsin schooling prepared him for. He sent out four e-mails requesting a spot, and got an offer after a few weeks. The family-owned company that made the offer is doing well, so they agreed to take on a student.

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What it <em>Really</em> Takes to Turn a Business Around

08/03/10

What it Really Takes to Turn a Business Around

I have been doing turnarounds for over twenty five years, and along the way, I've accumulated certain prejudices about what types of businesses are easiest to fix. Wholesale distribution and retail/restaurant chains are among my favorites, because there are usually enough profitable parts of the business — a core product or very profitable locations — so that the survival of the business is assured. Construction firms are among the harder cases. Why? Well, usually there is an issue not only in the company, but in the market.

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