Revival Strategies for Sick Units: A Manager’s Handbook

Revival Strategies for Sick Units: A Manager's Handbook authored by Dr.V.Pattammal is a practical guide for managers, corporate leaders, consultants, and professionals involved in diagnosing and reviving financially or operationally distressed organizations. The handbook presents a comprehensive framework for understanding corporate sickness, identifying early-warning signals, assessing financial and operational problems, and selecting appropriate strategies for sustainable recovery. The book begins by distinguishing business sickness from insolvency and examines the causes, symptoms, and financial indicators of corporate distress. It then explores financial restructuring, including debt restructuring, equity restructuring, working-capital management, valuation, and alternative financing approaches. Operational improvements address cost reduction, process redesign, efficiency enhancement, and performance improvement, while market repositioning focuses on changing customer perceptions, strengthening value propositions, developing new markets, and improving competitive positioning. Recognizing that successful revival requires more than financial intervention, the handbook examines leadership and management changes, governance reforms, strategic partnerships, and alliances. It also highlights the importance of legal and regulatory considerations, including insolvency frameworks, corporate governance, contracts, labor matters, taxation, and stakeholder protection. The later chapters provide a structured implementation approach covering assessment and diagnosis, strategic planning, stakeholder communication, monitoring, evaluation, performance metrics, and corrective action. The book incorporates global and Indian perspectives, including India's IBC, CIRP, NCLT, IBBI, and MSME pre-pack mechanisms. Designed as a hands-on managerial resource, the handbook integrates case studies, activities, assignments, simulations, management games, group tasks, and role plays, making it useful for both individual learning and corporate training.