Students learn, by taking the standpoint of a general manager, how to distinguish between ‘troubled’ and ‘crisis’ companies. The use of both, qualitative and quantitative tools to effect solutions is practiced. As every restructuring requires the satisfaction of many stakeholders and interest groups in order to be successful and enhance corporate value a sample of restructurings is evaluated. Conventional management wisdoms and a route for a ‘new management’ model is discussed. Furthermore, as the content of required restructuring measures is unique to each, the course is designed to foster a better understanding of what corporations do and why they do it. The course thereby examines challenges and opportunities that organizations face within different restructuring phases.