Turnaround Management

As management faces turnaround situations there are many complex challenges that need consideration in order to map a satisfactory outcome. Sometimes organizations are simply maintaining their position while others may be fighting for their survival so an experienced outside executive that can quickly analyze the situation and provide alternative or right measures to be undertaken are critical. We can support your organization with senior level turnaround management whether in the planning or execution phase or serving in an interim executive capacity. We will work to provide clear strategic direction options as well as support the organization with execution and process during the restructuring phase to rebuild a profitable corporate entity.

By reviewing the company’s operations, processes and financial condition we leverage our experience to develop a Recovery & Revitalization Plan.

Evaluate

In every corporate renewal we have solved problems with creative yet practical solutions. By taking a disciplined approach to identify root cause analysis of internal and external factors facing the company a right sized plan can be reviewed. We address the difficult issues facing underperforming companies to achieve maximum value.

Restructure

This plan evaluates and creates plans to improve cash flow and if necessary cost reduction measures. During this time it is critical to stabilize relations with creditors and vendors. Retention of key personnel aligned with the company’s strategic plan will help insure success.

Revitalize

Beyond the risks, we need to establish a plan that identifies opportunities for growth, what the sweet spot of customers are, what are the product strategies and what the sales mix and pricing policies that provides differentiation with margin and revenue growth. Consensus on this plan is communicated and vetted thoroughly in order to gain support for the successful execution.