Operational Turnaround
Corporations are facing shifting supply chains and uncertain financial markets where capital flows are adjusting to the disruptive weakening of multilateral trade agreements and increasing life/safety concerns in the workplace. This uncertainty has created a climate where no business can take stability for granted.
Change for many firms is not always for the better. Once-stable and competitive companies find themselves struggling to improve their operational and financial performance in the face of crushing legacy liabilities.
No business can take stability for granted
The reasons for a company in need of an operational turnaround often include more than one of the following signs of trouble: ineffective management, hyper-diversification, weak financial structure, unsustainable pension liabilities, poor banking relationships, poor labour relations, declining market share, unmanageable growth, poor client diversification, nepotism and of course, not having or working a plan.
Signs of trouble can be multiple
Our turnaround specialists offer one of two options to the client. They may operate as an interim manager, or they may replace a CEO and temporarily take over the decision-making processes of a company to lead it toward stability. Alternatively, a turnaround professional may become an active advisor to a troubled company’s board of directors.
Firms that benefit from turnaround experts:
- Late start-up, knowledge-rich organizations often require a hybrid executive with COO/CFO capabilities to position the company administratively and financially,
- Mature companies with sound channels of distribution but facing an urgent need to adopt modern production methods and measurements;
- Companies facing short-term difficulties capable of returning to profitable operation with the assistance of an operational or financial turnaround expert capable of leading necessary internal change
- We have a particular interest in matching “turnaround experts” with hedge and private equity firms who require executive oversight of “follow-through” funding to one of their portfolio firms.
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