This broad definition can apply to turnarounds in almost anything - a life, an endeavour, a company, a municipality, a non-profit organisation, a sporting team, a school, a university or technicon, a government, a country or even a continent. Turnaround Management and Corporate Renewal deals mainly with the turnaround of business organisations. The strategic, financial, legal, human resources, marketing and operations, stakeholder management, political, andinternal and external aspects of turnarounds are evaluated in depth by leaders in their fields. Definitions, stages of a turnaround, rapid appraisal and detailed analysis, recovery plan development and implementation as well as the new Business Rescue legislation are covered. Change management, small business turnarounds, recruiting for a turnaround, value management and value engineering, early warning signals and managing stress are all included in the chapters. Tools and techniques that can be used to deal with many different turnaround challenges are explained in considerable detail, while the case studies are written by people who have led successful South African turnarounds.Written by thirty-five noted management and turnaround practitioners, consultants and academics in South Africa, the title is partially based on the highly successful Wits Business School (WBS) programme How to Manage a Turnaround and Corporate Renewal (MATCR).