Proven Methods for Turning Around Under Performing and Distressed Companies.
A five stage approach is a proven process for turning around problem companies
Situation Analysis
- Is the business viable?
- Is there a core business?
- Is there enough cash for a recovery?
- Are sufficient Managerial resources available?
- Determine plan for survival.
- What is the strategy for ensuring long-term profitability/health?
Management Change
- Ensure capable management is in place
- Replace management who will impede the turnaround progress.
Emergancy Action
- Ensure short-term survival.
- Provide oportunity for strategy to be implemented.
Business Restructure
- Restructure business to secure long-term survival.
- Provide foundations for long-term strategic leadership position.
Return to Normal
- Secure strategic leadership position and future profitability/health.
Situation Analysis
- Is the business viable?
- Is there a core business?
- Is there enough cash for a recovery?
- Are sufficient Managerial resources available?
- Determine plan for survival.
- What is the strategy for ensuring long-term profitability/health?
Management Change
- Ensure capable management is in place
- Replace management who will impede the turnaround progress.
Emergancy Action
- Ensure short-term survival.
- Provide oportunity for strategy to be implemented.
Business Restructure
- Restructure business to secure long-term survival.
- Provide foundations for long-term strategic leadership position.
Return to Normal
- Secure strategic leadership position and future profitability/health.
Each stage is important to the process.
Pathfinder can help by taking control of the whole turnaround process.
If our clients prefer we can be involved in individual stages such as Situation Analysis as
a precursor to further involvement of ourselves or others.