The Turnaround Management Society creates a link between turnaround professionals and academics

Top Quote The Turnaround Management Society is an industry specific organization for Turnaround Management. Its members are turnaround professionals, distressed dept investors and academics. End Quote
  • (1888PressRelease) April 02, 2011 - It is the objective of the Turnaround Management Society to bring together the knowledge of Turnaround Management academics and the experience of Turnaround Management professionals. The TMS provides a link between academics who are engaged in research and the professional community that seeks research outcomes and provides academics with professional insight, guidance and feedback.

    Besides supporting academics around the world and providing them with a forum for exchange of information with other academics and practitioners, we are also engaged in research ourselves. Our two ongoing projects are the ITMS and the database of successful turnaround management strategies and cases:

    The International Turnaround Management Standard™ (ITMS)
    The ITMS provides CEOs and turnaround professionals with industry standards for how to achieve more sustainable turnarounds out of crises by providing a controlled framework of proven strategies and techniques that include project management techniques, financial engineering, strategic and operational concepts, as well as change management, risk management and quality management techniques.

    The Successful Turnaround Management Strategies Database
    The database can be used to scan for successful strategies that apply to a specific crisis situation based on specific causes of decline and symptoms. Members can also find unique and creative approaches to any given crisis situation that have been applied successfully in individual cases around the world.

    The Turnaround Management Journal
    In order to keep its members up to date on industry developments, recent turnaround cases, different perspectives and discussions and to provide a forum for research outcomes, the TMS publishes the Turnaround Management Journal semiannually. The Turnaround Management Journal is available to all members and is distributed to financial institutions, private equity firms, and universities.

    TMS Certifications
    The TMS is dedicated to providing its members and other interested parties with a high standard of expertise. In order to provide non-members with an independent quality assessment of the knowledge and skills of Turnaround Professionals, we have established a certification process for members that enables them to distinguish themselves from other, less qualified professionals and assures non-members of the highest standards in the industry.

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