Distressed Business Recovery

Restructuring a company in crisis is a complex project. The business environment is harsh, various stakeholders are nervous and time is of the essence.

We identify the areas in need of change, analyze current processes, create a holistic improvement strategy, and support you in gaining consent from stakeholders.

Strategic business transformation involves a fundamental change to the company. Short-term goals may include reducing fixed costs, restoring liquidity, restoring creditworthiness, and increasing productivity/quality.

In the medium term, e.g. when changing products/services is required, internal and external conditions and the relationship of the entire organization to its markets and business environment can change.

As a result, implementing the proposed strategy is often very painful for management and staff. Typically, it requires a radical rethink and the abandonment of cherished and often identity-forming habits, routines, and behavior patterns.

The change process aimed at a turnaround often encounters internal resistance. Thus, it is correspondingly difficult to manage.

Clear and concise communication throughout the process is key to gaining stakeholder buy-in and calming the situation.