TURNAROUND STRATEGY AND FINANCING

Single discipline educational activity

Course Sheet

Course code:

TUSFI17

Academic Year of enrolment:

2019

Year of supply:

2019/2020

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Business Administration

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

MIGLIORI STEFANIA

Cycle:

Third four months

Hours of classroom activity:

Individual study hours:

114

Prerequisites:

Although no preliminary exams are required, the basic knowledge of the corporate strategy and the financial statements is recommended.

Objectives

The course aims to develop the knowledge necessary for the understanding and interpretation of the business crisis phenomenon and specifically for:
- Diagnose the state of corporate crisis
- Plan the recovery strategy.

EXPECTED LEARNING
At the end of the course the student will have to possess knowledge and skills related to business crisis phenomena and the formulation and planning of recovery strategies.
Compared to the professional profile that the course of study aims to train, the teaching is aimed at transmitting the following skills and knowledge:

KNOWLEDGE AND UNDERSTANDING ABILITY
- distinguishes the crisis from the dysfunctional phenomena of the firm
- recognize the causes of the crisis
- distinguishes the forecasting and diagnosis tools of the firm’s crisis
- identifies the components of the recovery strategy
- distinguishes the phases of the turanaround process
- identifies the intervention actions that characterize the different phases of the turnaround process.

KNOWLEDGE AND UNDERSTANDING (applied)
- applies the tools for forecasting and diagnosing firm’s crises
- plans the recovery strategy
AUTONOMY OF JUDGMENT
- expresses critical considerations on the crisis stage of the firm
- evaluates the recovery and turnaround strategy.

COMMUNICATION SKILLS
- uses managerial terminology related to the management of corporate crisis processes.

ABILITY TO LEARN
- conducts individual research on specific aspects of the discipline in order to deepen their knowledge in terms of the evolution of the legislation and guidelines drawn up by accounting practice.

Contents

The course of teaching contributes to the pursuit of the general objective of the course of study to provide students with advanced knowledge and skills both with respect to the operating conditions of the companies and with respect to the main dimensions of the context in which the companies operate.
Contents of the course program:

1. Crisis and disfunction of the firm
2. Business crisis : concept, types, risk factors
3. Causes of business crisis
4. Instruments for diagnosis of the crisis
5. Recovery strategies
6. Financial strategies
7. Turnaround process

Extended Syllabus

COURSE SYLLABUS

1. Crisis and dysfunction of the business system
- The concepts of crisis and business dysfunction
- The types of business crises
- The stages of the business crisis
2. The causes of the corporate crisis
- External causes
- Internal causes
3. The tools (quantitative and qualitative) for diagnosis of the crisis
- The analysis of the company's liquidity and capital solidity
- Analysis of the marginality of product / market combinations
- The analysis of the company's financial needs: the management balance sheet
- Forecast models
- Qualitative tools (outline)
4. The recovery strategy
- The formulation of the recovery strategy
- The selection of the strategic recovery areas
- Evaluation of the recovery strategy
- Relationship with corporate stakeholders
5. Financial restructuring
6. The turnaround process
- The concept of turnaround
- The phases of the turnaround process
- The objectives and actions in the turnaround process.

Recommended Bibliography

Danovi A., Quagli A., (a cura di), Gestire la crisi d'impresa. Processi e strumenti di risanamento, IPSOA, Collana Gestione Aziendale & Management, 2015.
Teacher additional materials will be published online at www.elearning.unich.it

Methods of Provision

Conventional

Teaching Methods

The course is structured in 36 hours of classroom lessons divided into theoretical lessons, seminars, exercises and analysis of case studies aimed at pursuing the objectives of the course.

Evaluation methods

Verification of learning:

The assessment of the level of learning will be carried out with the use of a written test and a subsequent colloquium.
The written test is divided into multiple-choice questions on the program topics and exercises related to the application of business crisis diagnosis tools. This test lasts 1 hour and is aimed at probing "knowledge" and "know-how" (Dublin Descriptors 1 and 2). It represents 80% of the overall assessment (expressed in thirtieths) articulated in relation to the educational objectives to be evaluated.
The colloquium (20% of the overall assessment) is aimed at probing the interdisciplinary communication skills and critical analysis of the business crisis.
The examination procedures are the same for attending and non-attending students.

Contacts/More Information

All information regarding the course, the lecture notes, the support materials and all communications will take place through the e-learning page.
Erasmus students are invited to contact the teacher for their program.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree