Information needs of firms in financial distress
During the 1980s, increased competition, limited resources, escalating costs, and turbulent markets caused financial crises in many firms. A new type of professional, the turnaround manager, emerged during these difficult times to guide many firms back to profitability and growth. This research iden...
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| Veröffentlicht in: | International journal of information management 1993-10, Vol.13 (5), p.326-340 |
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| container_end_page | 340 |
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| container_issue | 5 |
| container_start_page | 326 |
| container_title | International journal of information management |
| container_volume | 13 |
| creator | Fredenberger, W.B. Dethomas, A. Ray, H.N. |
| description | During the 1980s, increased competition, limited resources, escalating costs, and turbulent markets caused financial crises in many firms. A new type of professional, the turnaround manager, emerged during these difficult times to guide many firms back to profitability and growth. This research identifies the information needs of turnaround managers relative to what information is important, what information is available, the attributes of important information, and the uses of that information. The first major finding is that information important to turnaround managers is not available at the onset of their engagements; therefore firms experiencing financial crises also are experiencing information crises. The second major finding is that turnaround managers want current financial and working capital analyses broken out by cost/profit centres. They need these analyses reported monthly to improve cash flow and defer debt. These findings are useful for the chief executive officers and management information systems managers as they assess their firms' information requirements for the 1990s. |
| doi_str_mv | 10.1016/0268-4012(93)90003-M |
| format | Article |
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| identifier | ISSN: 0268-4012 |
| ispartof | International journal of information management, 1993-10, Vol.13 (5), p.326-340 |
| issn | 0268-4012 1873-4707 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_57293393 |
| source | Elsevier ScienceDirect Journals |
| subjects | Business information Corporate finance Exact sciences and technology Executives Information Information and communication sciences Information science. Documentation Information service management Information work Miscellaneous Needs analysis Sciences and techniques of general use Studies Turnaround management Turnaround managers User needs |
| title | Information needs of firms in financial distress |
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