News Room

Turnaround management now at UTS Emergency "turnaround anagement" is being recognised at the University of Technology Sydney (UTS) with the launch of three executive certificate courses this week.

The courses were developed in partnership with the non-profit Turnaround Management Association of Australia (TMAA) and are among the first in Australia to focus on developing the skills necessary for restoring value to struggling enterprises and avoiding terminal insolvency.

With increasing demand for expertise in this field - saving critically injured companies - the courses target key interventions in management,
accounting and law that give a company the best chance for recovery.

"Like an emergency room doctor, the talent lies in making critical decisions quickly," said TMAA president, Adrian Loader.

"Until recently turnaround specialists were a relatively unknown breed in the business world. However, as once-stable companies struggle to maintain profitability, the expertise of corporate renewal professionals is more in demand than ever," he said.
"The turnaround specialist must enter a company with a fresh approach and complete objectivity. Operating in the eye of the storm, they have to deal equitably with angry creditors, frightened employees, wary customers and a nervous board of directors."

The three courses - Accountancy for Turnaround, Management for Turnaround and Law for Turnaround - will be taught by academics from the UTS faculties of business and law.