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Restructuring in a Crisis and in a Position of Strength: Practical Illustrations from the Tourism Industry

In: More than Bricks in the Wall: Organizational Perspectives for Sustainable Success

Author

Listed:
  • Peter Fankhauser

    (University of Geneva)

  • Thomas Cook

    (University of Geneva)

  • Lea Stadtler

    (University of Geneva)

Abstract

In this interview, Dr. Peter Fankhauser reflects on the challenges and lessons learned of restructuring in a crisis as well as in a position of strength that he experienced in the tourism industry. He explains that restructuring involves the financial, operational, and strategic dimension. In a crisis, however, the main focus is first on the financial restructuring given the alarming time constraints and risk to go bankrupt. Restructuring a company in a position of strength may be easier with regard to transparency in figures. Nevertheless, it proves to be challenging to get everyone on board and also here, communication is key. Dr. Fankhauser illustrates these and more insights with practical examples.

Suggested Citation

  • Peter Fankhauser & Thomas Cook & Lea Stadtler, 2010. "Restructuring in a Crisis and in a Position of Strength: Practical Illustrations from the Tourism Industry," Springer Books, in: More than Bricks in the Wall: Organizational Perspectives for Sustainable Success, pages 97-103, Springer.
    • Handle: RePEc:spr:sprchp:978-3-8349-8945-1_10
    DOI: 10.1007/978-3-8349-8945-1_10
    as

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