BCG

NOVEMBER 11, 2016

Many transformation initiatives focus on improving a company’s financial and operational performance from “good” (or moderate) to “great”—that is, the company is already doing well in some or most areas, yet management still sees a need to make improvements. We refer to these as turnaround and restructuring efforts.

Turnaround 105

Turnaround Operations Financial Sales 105

Tom Spencer

APRIL 25, 2025

Execution requires alignment with operational realities, not just a vision of where the organization wants to go. The firm had no clear path to profitability, its Messianic ambitions eventually outpacing its financial resources and operational capabilities, and it filed for bankruptcy in 2023.

Resources 88

Resources Strategy Strategy& Strategy 88

Management Consulted

JANUARY 25, 2016

AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.

Interviews 100

Interviews Culture Turnaround Case Interview 100

Management Consulted

FEBRUARY 15, 2015

FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. An inconsistent culture could also mean a lack of transparency in operations or management. Honored with Seven M&A Advisor Turnaround Awards.

Interviews 100

Interviews Culture Consulting Case Interview 100

Tom Spencer

DECEMBER 2, 2017

Turnarounds. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. A firm may find this appealing because implementation may be a dedicated project unrelated to the firm’s ongoing operations. Independent Advice.

Consulting 68

Consulting McKinsey Turnaround Information Technology 68

Management Consulted

JUNE 14, 2015

Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operational turnaround. As far as the firm’s history, that’s about as in depth as it gets.

Groups 100

Groups Interviews Culture Case Interview 100

Management Consulted

DECEMBER 6, 2015

This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. 2014) Due Diligence Provider of the Year – Unquote British Private Equity Awards.

Interviews 100

Interviews Culture Turnaround Case Interview 100