Answered By: Leslie Burmeister
Last Updated: Jan 20, 2023     Views: 32

Q.
Entrepreneurial Management in a Turnaround Environment

Resources for identifying companies in distress and analyzing their situations


A.
Identify companies which navigated a turnaround:

Turnaround Management Association (TMA): The Turnaround Management Association recognizes notable turnarounds by appointing awards annually in several categories.  You can review the awards archive to identify companies of interest. Categories include:

  • Small Company (company revenue at the time of turnaround was less than $50 million USD)
  • Mid-Size Company (company revenue at the time of turnaround was $50 million to $299 million USD)
  • Large Company (company revenue at the time of turnaround was $300 million to $1 billion USD)
  • Mega Company (company revenue at the time of turnaround was at least $1 billion USD)
  • International Company (a company with significant cross-border operations)
  • Pro Bono (no fees in exchange for services); entry must demonstrate financial stability
  • Non-Profit (a tax-exempt organization without shareholders that uses its surplus net assets to achieve its mission)

Locate contacts at known companies:

Capital IQ:

  • Go Screening tab at the top
  • Select “People” within the Screening section
  • In the second column of sections, at the bottom, find “List Management”
  • Under List Management, select “Add Companies”
  • Within “Add Companies,” type tickers or company names to identify companies
  • Once you have added companies/tickers, select, “Add Criteria”
  • Once you have added companies, go the third column, and find section, “Education”
  • In the “Education” section, select Colleges/Universities
  • Enter, Harvard Business School
  • Select “Add Criteria”

Analyze companies:

Capital IQ

  • Type company name or ticker into search bar
  • From the company profile page, use left-hand navigation to navigate to financials, ratios, filings, earnings call transcripts, key developments, deals, etc.

Refinitiv Workspace:

  • Type company name or ticker into search bar
  • From the company profile page, navigate to News & Research and select Company Research for equity research reports
  • Use the filters on the left to focus your results 

Tegus:

  • Type in name of company and any relevant keywords to locate expert call transcripts
  • Can filter by type of call (with executive, customer, competitor, etc.)
  • Transcripts available as full text or audio

Factiva:

  • For articles on the company, try copying and pasting the following into search: hlp=[company name] and atleast3 [company name] and wc>1000
  • Note: can click Examples next to the search for for definitions of search commands
  • Add additional keywords to focus your search if needed.  

Locate academic research on turnaround management:

ABI/Proquest:

  • For academic literature on turnaround management, copy/paste the following into search: MAINSUBJECT.EXACT("Turnaround management")
  • Limit results to Scholarly Journals