Thesis work paper Introduction

1.Introduction

This thesis investigates the turnaround management process from it’s origins in the United States and refinement in academic literature through to an assessment of the turnaround management process methodology as constructed by the Association of Certified Turnaround Professionals (ACTP).

The evaluation will compare and contrasting it with two other methodologies. In this case Joseph Scanlon’s “The Scanlon Plan” and Dr Michael Tang’s “Patient Methodology”. Once an overall picture of the turnaround methodologies has been done, the paper will investigate the relatively new area of turning around software companies. So as to add further depth to the turnaround management methodology.