Change Management isn’t just for distressed companies, as successful companies are also changing to remain competitive in today’s dynamic business environment. Change has become a daily reality and organizations that embrace change continuously will come out stronger.
Turnarounds are a more intense version of change management, with a focus on salvaging or repairing a company to transform it into a growing and profitable organization. Turnaround initiatives require dynamic and experienced leadership to develop and implement strategic roadmaps for a successful transition.
More than 83% of companies that manage to turn themselves around are in a similar situation within 5 years. Timing, accountability, and execution are all critical to a successful change management or turnaround initiative.
Areas of Focus
Quickly identifying the problems within the organization to develop and implement an effective remedial strategy.
A fast implementation of remedial plans to stop short-term bleeding and generate revenue for long-term sustainability.
Managing the change, accountability and turnaround process to strategically, financially, and operationally revive the organization, so it’s built to thrive over the longer-term
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