In challenging situations, such as underperformance or loss of control, we step in as trusted advisors to restore value.
In challenging situations, such as underperformance or loss of control, we step in as trusted advisors to restore value.
We assess the operational performance of distressed and underperforming companies, to identify the extent to which their value has deteriorated.
We help them rapidly implement a strategic and operational turnaround, from design to on-the-ground execution, throughout the value chain.
Turnaround Strategy – Beyond cost reduction levers, we consider top line growth and business model shifts that can energize the business, through market entry, product launches, repositioning, the disposal of non-strategic assets, and time and cash savings, which are among the key drivers of our approach.
A turnaround plan is a value-preserving process that needs to be pragmatic, participatory and holistic. Based on our experience, we have identified best practices and grouped our commitments around 6 pillars to enable rapid, profound and sustainable results.
Creating a sense of urgency is essential for removing decision bottlenecks, cutting time-to-action, and enabling quick implementations, to prevent a lengthy restructuring from draining energy from the turnaround.
We guarantee success by helping you apply the 80/20 rule, analyse key indicators, develop strategy, and act accordingly, empowering leaders, and clearly defining roles, such as the CRO, programme manager, and so on.
We help you create an action-driven environment, put experienced and determined implementers in charge, and define and assume accountability for outcomes.
Adopting a 360° holistic approach that includes finance, operations, strategy, workforce restructuring, legal, change management, and communications will give your company the keys to success in its turnaround.
As part of your turnaround plan, it is often best not to focus on a single solution.
We help you foster a dynamic management attitude, develop multiple scenarios and contingency plans, and define triggers to accommodate unexpected business events.
Conveying clear goals and mission statements to every level, listening and watching rather than talking and telling, and opening up to build trust with customers and suppliers are crucial to your turnaround plan.
The success of a turnaround plan depends on a rigorous operational diagnosis, to identify and objectify the causes of underperformance, and the levers of value creation, in order to effectively engage and align stakeholders.
After the operational diagnosis, the turnaround plan is built in 3 phases: target definition; identification and design of operational levers; and consolidation of plan and roadmap design.
The first few months are critical for the execution of your plan. To capture value and drive momentum, we help you structure your governance and mobilise dedicated resources to quickly achieve first wins and concrete results.
A dedicated and specialized turnaround unit at C-level is necessary to execute a turnaround plan, manage the crisis, and accelerate recovery, by leveraging a holistic view, a tightened, action-oriented governance, and a short decision loop.
When a turnaround involves human aspects, we anticipate potential issues, bringing HR into the loop, and considering constraints, such as legal documentation and the target organization, in order to guarantee successful implementation.
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