A company having borrowed funds and having hit a rough patch either due to some historical management decisions or a bad industrial scenario or any such reason, benefits from financial restructuring and strategic re-alignment for their turnaround.

A business turnaround strategy or corporate turnaround strategy is about changing things and attempting to change companies’ or a corporation’s revenue by fundamental adjustments in strategy, such as acquisition and divestment. Corporate turnaround strategy involves doing things differently in terms of processes such as manufacturing or the service process so that the firm’s efficiency can be improved.

It begins with identifying external and internal factors as causes of bad performance. If these factors are kept unchecked, they can have serious consequences on the financial health of a company. Unplanned expansion, high cost, new competition entering the market, unforeseen demand fall, poor management, loss of customers, inability to maintain quality of product or service, inability to pay loans can cause businesses to incur huge losses and lose market share.

The initial stage in a turnaround process is primarily focused on survival and realizing positive cash flow. The aim is to help a company stabilize and streamline to improve performance and operations. Once this is done and a stable base is established, the firm can focus on a recovery plan to reverse the financial or competitive decline. The second stage is mainly focused on recovery We move more towards growing the business and achieving a better market share in a fixed time horizon. The company and its management focus on new products, new markets, diversification, and market penetration to further their market share. A clear and proactive strategy supporting these stages is imperative.

How can we help?

1. We help develop rehabilitation strategy for sick units/business functions
2. We conduct viability studies and viability appraisals
3. We conduct financial restructuring
4. We develop strategies for operational improvements
5. We develop strategies for debt restructuring
6. We help with disinvestments and scenario analysis

Corporate turnaround strategies involve making changes in the management of the firm, hiring a new CEO, establishing stronger financial controls, launching a new product, diversifying your business, improving quality and customer service, implementing a new marketing strategy with proper segmentation, making intensive efforts to reduce production & procurement costs, acquiring a new business, reducing debt, etc. Our consultants have deep knowledge in helping companies through a crisis in making tough decisions during difficult times and implementing an effective Corporate Turnaround Strategy. On this page below, you will see some of the select credentials for Turnaround Strategy.