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Desperate Times Call for Effective Turnarounds

BCG

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.

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All Hail Medium-Term Planning

Harvard Business

There is, of course, nothing wrong with the openness and transparency that lies behind quarterly reporting. Now a global giant in the drinks business, just 25 years ago, its precursor, Brahma, was a second-tier Brazilian brewer undergoing a painful turnaround in the hands of acquirer 3G, a São Paulo–based private equity house.

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Is It Too Late for Sears to Save Itself?

Harvard Business

Sears Holdings has indicated that “substantial doubt” exists about its ability to continue operations. Analysts say that Sears may still have time to stage a turnaround. Alan Mulally led the turnaround at Ford by restoring a “One Ford” mentality throughout his company and championing pride in the Ford name.

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FTI Consulting Interviews and Culture

Management Consulted

FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. Key Learning Courses are: New Employee Orientation. An inconsistent culture could also mean a lack of transparency in operations or management.

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The Consulting Value Proposition

Tom Spencer

Turnarounds. In an apparent attempt to stop McKinsey poaching key talent, AlixPartners sued its former employees (Eric Thompson, managing director of AlixPartners’ Hong Kong office, and Ivo Naumann, head of its Shanghai branch) on claims that they misappropriated trade secrets before they left the firm’s Asian operations.

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Private Equity’s New Phase

Harvard Business

These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. a condo development, apartment building, or golf course). Though autonomous, they can improve their operating capabilities and speed up their time to reinvention by learning from each other.

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Business Buy-Sell and the Business’s Status – #3

Martinka Consulting

I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” Systems in place that increase productivity and can be implemented by numerous people (no dependency on one tech person, one machine operator, etc.).