Turnaround Management Archive

How to make the brand turnaround on the first biggest Global Market after US? A story by Nathalie Schneider

Before we go into the details of the brand turnaround project, I would like to give a short statement about being a women leader: YES, I AM A WOMEN BUT I have always behaved without thinking I am a women. Work place is competitive for all (men and women) and what will make difference is results, how to get them and how you develop your team& work with others. I have always tried to lead by example. When I took this turnaround challenge, I was the first women to do so and my sales force and customers were mostly men. I gained respect step by step from all. Then I tried to balance the team with more women as I believe the balance creates a good mix and is part of diversity. Continue reading

Tagged with: , , , , ,

How to prepare for crisis

There is no company that did not face or survived a time of crisis. Of course, there are many specialists to turn around a crisis, but wouldn’t you rather want to prevent the situation from turning into a crisis in the first place? You want to know how? https://www.female-executive-search.com/meet-our-women-leaders/short-bio/?cntc_id=58934#video

Tagged with: , , , , , ,

39 confessions of a French turnaround executive

This e-book, written by Erik Van Rompay, tells you about the life of a turnaround guru and about hidden behaviours of executives when they are called in to rescue a company. Our turnaround executive presents 120 real-life situations he has experienced during 4 of his most recent rescue assignments as interim executive, with many examples of good and bad practice and some unusual strategies applied.

Introduction

More and more groups struggle to maintain profitability, to maintain their market presence or expand by integrating new activities. These strategic expansion plans or recent acquisitions did not deliver the expected results and increased the fragility of the company. Continue reading

Tagged with: , , , ,

How to let an Interim Manager do “the job” or “a great job”?

The background of this article are two French firms in trouble, with around one hundred employees and twenty million in revenue each. These two manufacturers of industrial equipment are subsidiaries of two international Groups of about 1,000 employees and € 200 million in revenue. Each local company suddenly loses his top manager, for different reasons, but that lead the Groups in both cases to assign an Executive Interim Manager. This aims to take control of the French subsidiary to drive organizational change and allow time to set up a sustainable solution for the management of the company. This is not a fiction, both cases were experienced by the same Interim Manager 1 year apart. Continue reading

Tagged with: , ,

10 Tips for a Successful Turnaround

A turnaround success history written by Mike Mastroyiannis

Revitalised the company , successful Due Diligence, acquired a start-up and established a Joint Venture with a fortune 500 all within 12 months followed from fast growth , global expansion and acquired within 3 years.
Company: Medium Size , 5 years in B to B business , offices in 7 countries (Hong Kong ( Headquarters) , USA , 4 EU countries , Japan ) , selling in approx. 15 countries through partners and company present across the whole value chain from Product/systems planning, design, manufacturing (outsourced) to marketing and sales with partners.
Industry: Renewables – Lighting Solutions
Job: Hired as Global Managing Director to Turnaround the company with 2 years contract and the founder kept the CEO title with focus on Business Development.
How Hired: I had met the founder and CEO in a conference 3 years ago and after 2 failed turnaround attempts he approached me and asked me if I could help. Continue reading

Tagged with: , , ,

Interim Management: Turnaround

Interim Management – Life at the Sharp End (Part 3)

Turnaround Management, is there a Recipe?
Ideally, what you would like to have is sort of a recipe, telling you what your ingredients are, how to stir them and finally at what temperature the oven should be set. Well, I cannot offer you quite that much and some readers might argue that we are not discussing a Jamie Oliver show but rather a more serious subject. But on the other hand, who dares to pretend cooking shows are not serious cooking? As a practitioner of interim management in financially distressed companies you do not want to spend a lot of time reading the learned opinions of academic experts on the subject. Besides, there is a plethora of books. Nevertheless, we need to spend a moment on the question “is there a generally applicable way to approach things?” Let me add a word of caution: There cannot be a universally applicable manual because legal systems are different from country to country. Hence, you will have to find the right manual for your coun-try and in your language. Helpful is a manual with lots of check-lists and practical advice, meaning feasible and doable. The good news is that there are such manuals but you will have to unearth them. For a short English introduction into the subject and a compilation of case studies see the books by Stuart Slatter. Continue reading

Tagged with: , , , ,
Top