Turnaround Management and Advisory Services
December 6, 2009
During a corporate crisis, specialized management skills are required to contain, and reverse, a spiraling downward trend. Companies in crisis need leadership that can quickly identify core capabilities, take advantage of available opportunities, and effectively size operations to the appropriate level. Additionally, the failure to meet financial goals, coupled with cash flow and operating disappointments has often created uncertainty with customers, investors, lenders, vendors and employees. Revitalization Partners has extensive experience in addressing the salient issues, managing expectations, and bringing rapid credibility to the restructuring process.
There are three essential elements to the successful execution of a corporate turnaround:
- A competent management team capable of dealing with the crisis and rebuilding the business
- Access to cash, internally or externally, sufficient to fund the turnaround
- A competitive advantage, be it a product or process, distribution channel or intellectual property, that will allow the company to be viable in its marketplace
Data shows that the lack of any two of these elements may be fatal to the turnaround; however, it is the ability of management to come to grips with the relevant issues facing the business, in a timely manner, which is critical. The key element for a successful turnaround is management capability.
Revitalization Partners brings the experience to both assess and augment a company’s management capabilities, and provide the guidance for the successful development and execution of a turnaround plan. Our focus is on building rapport among all parties involved in the restructuring process, helping to generate one of the most important byproducts of a successful turnaround; a strong management team with a clear sense of direction, purpose and achievement.