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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.
In the list of taglines above, some of the keywords are “big, hairy projects;” “shared services;” “burnout prevention;” and “turnaround leader.” What is necessary is to keep the tagline short, without overly long words or business jargon. These words should cause that expert to be top-of-mind. You get the idea. Last, add the result.
In my time at McKinsey, easily half the people who left the firm went into the financial world (from hedge funds to PE), and salary was undoubtedly a major factor in the decision. Note -firmsodeling” done in case work may not be directly comparable to the financial modeling more common at investment banks. CONSULTING.
He applied for a financial manager job at Disney and was one of 1400 candidates. About the guest: About the guest: Brad Rex is an accomplished senior executive and corporate officer with proven experience growing businesses and driving results in start-up, turnaround, expansion and multi-site situations.
She’d gone to Arkansas to review operational plans and financial projections for the rest of the year with the team on the ground. FB Holdings had made it through the financial crisis of 2008 without losing money—but the climate control systems divisions, a Tier 1 automotive supplier, had not fared as well.
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.
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. Financial Services. 2013) Outstanding Turnaround Firm – Turnarounds & Workouts.
Established in 1989, Accenture operates in more than 120 countries worldwide. Founded in 1983, A&M operates in 38 cities worldwide. Applied Value offers strategy, finance, and operations management services. Kearney operates across 55 locations world wide. Bain operates in 47 offices across 30 countries.
Alpha Financial Markets Consulting. Alpha Financial Markets Consulting. Founded in 2003, Alpha Financial Markets Consulting is based in the UK and also has offices in Luxembourg, Paris and NY. Founded in 2003, Alpha Financial Markets Consulting is based in the UK and also has offices in Luxembourg, Paris and NY.
In a recent survey , 70% of respondents said that CEOs focus too much on short-term financial results, and nearly 60% said that they don’t focus enough on positive long-term impact. Bertolini observed that many of his peers had been promising 15% earnings per share (EPS), even during the financial crisis of 2009.
They entered the financial disputes business with the acquisition of Klick, Kent and Allen, Inc. FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. Valuation & Financial Advisory Services.
These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. The primary focus was on fixing the acquired firm through financial restructuring, dramatic cost cutting, and strategic slashing.
Service areas – or functional areas – can include strategy, operations, technology, human resources, mergers and acquisitions, among others. Industry verticals are centered around specific industries, for example telecom and media, healthcare, industrial and consumer goods, or financial services. Specialised Consulting.
This may include discrete projects completed at arms length, such as due diligence on a transaction, or turnaround projects where consultants are embedded within an organisation. Perhaps a legal or financial qualification, or accreditation in an industry standard.). Or, on which of your client’s issues can you speak with legitimacy?
He describes his “shock and awe” approach (my terminology) in his excellent book The Lean Turnaround , where he takes the company through several week-long kaizen events. Operational and financial improvements are rapid, dramatic, and lasting.
The company missed the trend towards touchscreen smart phones and has fallen into serious financial difficulty. Operations. A leading financial services company is trying to reduce operating expenditures. Turnarounds. How can we regain market share, and return Blackberry to its former glory? Competitive Response.
Operated in regions with different levels of competition and access to resources. We could analyze the effects of 58 types of investment, on 18 performance measures over time, in 160 academies operating in 18 different regions. Like any turnaround, there is no magic bullet — a series of remedial steps need to be taken.
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.).
Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Similar inefficiencies affect other industries as well, and they are likely to multiply as manufacturers seek to expand product portfolios and reduce turnaround times.
In phase 3, successful portfolio transformations require financial discipline that is not an event, but a pattern; strategic clarity that is not a direction, but a commitment; operational excellence that is not a tool, but a mindset. This third phase has led to large private equity organizations governing their assets in a unique way.
Here are some examples of different approaches across industries; Management Consulting : tend to use “operational” type case studies (more details below). They usually need you to understand the rationale behind financial modelling e.g. DCF, LBO etc.
Founded in 1995 by former Bain consultants and headquartered in New York City, they focus on developing airline strategy and implementing major operationalturnaround. Financial Services. In fact, in terms of firms we profile, they are truly one of the new kids on the block. Cargo & Logistics. Human Capital. Cost Reduction.
Shaving one minute off the time each aircraft is on the ground between flights can save $5 million to $10 million a year in freed aircraft time and hidden costs across the operation. No other aspect of an airline’s operations has as broad or as deep an impact on the entire organization.
When a private equity firm adds a new company to its portfolio, analysts rigorously size up its financial, operational, and competitive condition. PE firms need CEOs who know how to use empathy to generate a highly positive sense of urgency, thereby generating greater momentum toward strategic and financial goals.
Senior executives tend to be shielded from organizational problems and data; they are given limited and filtered information about their operations, employees, and customers. Are you getting firsthand exposure to situations and seeing raw data, or is everything being filtered and prioritized to make it easier for you to get the big picture?
At first, the causes of free fall appear to be external: a global financial crisis, a banking system collapse, government deregulation, or, more common, a new business model or technology harnessed by a nimble insurgent competitor. Kaufmann proceeded to engineer a turnaround of the company by focusing on the top end of the market.
In fact, ‘supertemps’ – highly qualified freelance individuals who work on short-term contracts for companies have been growing not just in the C-suite, but in many various business departments – some carry out niche, specific jobs, like managing large turnarounds or sales while some just fill a much needed managerial space.
CSFs can literally be anything — whether it’s improving customer satisfaction, increasing revenue, reducing operating costs, or something specific to a particular project or deliverable – making them somewhat difficult to identify – let alone define in concrete terms. Are project operations, sales, customer service, etc.
developing the business plan and go-to-market strategy that has enabled us to maintain 100% ownership, operate part-time, grow it slowly over 20 years, and win Sam Adams’s 2016 “Brewing and Business Experienceship” year-long mentorship prize. BREWERY START-UP. With two partners, I launched Flounder Brewing Co.,
It streamlines operations and frees customer-facing employees up to focus on more meaningful interactions with customers. Industries that can particularly benefit from automation run the gamut: retail, healthcare, automotive, government, communications, travel and hospitality, financial services, and insurance.
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