Open AccessInformation Priorities In Turnaround Situations
Author(s) -
Joseph Bonnici,
William B. Fredenberger
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v11i3.5864
Subject(s) - turnaround time , business , revenue , information needs , management information systems , information system , operations management , finance , marketing , economics , computer science , engineering , world wide web , electrical engineering
This study, carried out among members of the Turnaround Management Association, describes the information needs of turnaround managers as they go about rescuing firms from financial crises. Working with limited resources, within a very short timeframe, the managers prioritize their information needs. In so doing, they confirm three hypotheses. First, turnaround managers are more likely to source information from the companys management information system than from the companys customers. Second, they tend to opt for cost cutting rather than increasing revenues. Finally, they are more likely to adopt a current (instead of a future) time horizon in analyzing the information.