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As part of a dissertation project, supported by IE business school, the following survey aims, to better understand the dynamics internal the management of a company in distress, bankruptcy or near bankruptcy situations.
All data are collected anonymously. If you are interested to receive the results of the study, you are welcome, to leave your email address at the end.
 
The survey concludes 12 questions and will take about 10 minutes.
Please save your results at the end-

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* 1. Have you been part of the executive or non-executive management of a company in financial distress?

(Financial distress is a situation, where a company has difficulties to meet its financial liabilities, e.g. pay accounts payables in due time.
Such situations can be temporary e.g. in moments of change and growth. But also, this includes the risk of bankruptcy, the firm may be under special protection of Chapter 11 (US) or similar conditions in other jurisdictions.  Often, such a process is referred to as turnaround process.)

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* 2. Can you remember (approx.) how many months the distress situation took, until it was resolved?

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* 3. In which country was the company located?

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* 4. Was the company

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* 5. How many persons were employed by the firm?

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* 6. Did  the company

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* 7. Our main focus during the distress process was dealing with problems that were best described as:

(pick one / the most important only)

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* 8. For your personal work experience, was the distress period stressful or rather energising?

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* 9. Can you agree to the following statements?

  Strongly disagree Disagree Neither agree nor disagree Agree Strongly agree
I was not afraid of legal or financial consequences
Relevant facts were ignored and not confronted (elephant in the room).
Executives were supporting each other, seeking for close alignment and consulting each other how to solve the situation
The management style inside the firm was warm and professional
The workload of the employees increased during the distress process significantly
The relationship to my spouse /  partner suffered during the distress process
I had worries for my own future during the distress process
All relevant facts of the distress situation were shared among the leadership team.
My spouse / partner was fully understanding and supported me during the distress process
I did not take issues from work home
I felt my job was secure in the organization
Legal and financial consequences in the future were worrying me
The management team was fully aware of the urgency and severity of the situation.
Maneuvering through the distress period was energizing and inspiring for me
Urgency and severity were downplayed by decision makers.
My workload increased during the distress process significantly
I could retain my vision of the company and the spirit among my co-workers
The leadership team felt helpless, we did not know how to change the situation
Responsibilities were denied or placed with external persons.
I did not feel respected and appreciated during the distress process
I felt, I can handle all assignments always in due time
Executives were taking full responsibility of the situation.
My private financial status remained unchanged
Communication was incomplete.
Stakeholders were isolated, the team was confronted with secrecy
I felt sometimes tiered and exhausted during the distress process
The team was treated with respect and appreciation

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* 10. Please mark the number that best corresponds to how much you agree with each item.

  Strongly disagree Disagree Neither agree nor disagree Agree Strongly agree
The smallest doubt can stop me from acting.
Uncertainty keeps me from living a full life.
When I am uncertain I can’t function very well.
It frustrates me not having all the information I need.
I should be able to organize everything in advance.
One should always look ahead so as to avoid surprises.
When it’s time to act, uncertainty paralyses me.
Unforeseen events upset me greatly.
I always want to know what the future has in store for me.
I can’t stand being taken by surprise.
A small unforeseen event can spoil everything, even with the best of planning.
I must get away from all uncertain situations.

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* 11. Can you describe the management challenges with regard to the decision building processes during the distress situation? Which of the following phenomena did you observe  within the management team? (multiple options)

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* 12. When you think of the distress period, please sort the following items according to, how much they were influencing your well-being and ability to perform in your executive role during the period of the immediate distress? (Drag&Drop)

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* 13. If you are interested, to receive the final research results, please provide your Email address.

(The email address will be kept separate from the survey. It is only required, if you want to receive the final results of the survey, after completion.)

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