Turnaround Management
If you need to take a bold step forwards, we are here to help you
Turnaround
There are times when adjustments in your business processes do not bring enough results to help your company to move forward. That is the moment when a bold step must be taken, and a comprehensive Turnaround program is the best option.
A Turnaround project is a metamorphosis. It includes a deep transformation in which operational and financial performance are improved through fast-pace measures looking towards long-term sustainability.
Turnaround is a strategy to save and salvage a loss-making company and transform it into a profit-making one.
Turnarounds involve developing new business processes to support a renewed strategy through a holistic and intensive program to protect a company from collapse.
Turnaround projects
Our Approach
Evidently in a Turnaround process, the company is dealing with its survival, therefore there is no time to lose. We start by assessing your unique situation and develop a customized quick approach to making your company survive while we get it back on track.
Using the strengths that your company already has and merging your already existing tools and methods along with our own, we design the roadmap to follow through the Turnaround process. The plan is normally based on stopping short-term bleeding and promote generation of cashflow for long-term sustainability with the coordination of a 3-pronged revival: Strategic, Financial, and Operational resurrection.
Once we design a plan, we seek shareholder approval and then proceed with a swift implementation. We are hands-on. We roll up our sleeves and work hard side by side with your team.
Improving operational performance not only requires important changes in the company processes, but also in the mindset of the people that make the company work. We therefore lead a Change Management Plan as part of the Turnaround.
We drive change through the front lines, with robust leadership, innovative solutions, rapid scaling, and the skill-building required to assure that the Turnaround process spans your entire organization. We make sure the implementation is geared towards sustainable profitability.
Our Turnaround Management service framework broadly includes:
Pre-Turnaround and Diagnostic process. Prepare a recovery plan to get the company back on track.
Communication process. Serve as a liaison with concerned stakeholders both within your organization and out.
Emergency process. Maintain effective leadership and motivation throughout the difficult period.
Directing the Turnaround process – Strategic, Financial & Operational Restructuring. Alignment of People, Processes & Organizational Culture.
Bear in mind that even if a Turnaround process helps your organization to build a strong platform to go from “under-performing” to “performing”, you will hit a ceiling where legacy decisions constrain how much you can do with current models, systems, and structures. It is at this point that Transformation takes the organization into the next phase of evolution and there we can also help you.
