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Category: Turnaround Management

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To Save the Company… Change Leaders to get Results

Here’s the predicament: Who can handle the crisis management role? This is a predicament. Clear thinking must prevail and a special set of skills must be applied. If there is a qualified leader within the company, then delegate the job of turnaround to that person — and provide proper support. If there is not a qualified leader in the company — and there usually isn’t — go outside to locate this type of professional.

July 29, 2010 | Rita Garwood

Restructuring on the Horizon? You’d Better Start Talking

In the panic-ridden days following the 2008 financial meltdown, the threatened companies that fared the best were most often those that communicated whatever hard facts they had at hand … even if incomplete or unflattering. When a company’s survival is at stake, honest intentions and even a small amount of clarity can go a long way.

May 1, 2010 ABF Journal

Making the Liquidation Call

Recommending a liquidation can be among the most painful decisions a turnaround professional is forced to make, but it can also be among the most impactful in terms of preserving value. With preparation and a detailed plan, a liquidation can be carried out in an orderly manner that will maximize financial recovery and minimize disruptions to all parties involved.

April 1, 2010 ABF Journal

When the Floodgates Burst

Business Continuity planning is an integral and important part of running any type of company. The process is not complicated, however it is time consuming and requires proper project management. It is a good idea to get outside help with the project design and management, unless your company possesses both the expertise and time required to create a robust and effective BRP.

January 31, 2010 ABF Journal