man frustrated around books - are all the books about turnaround the same

We have all read the same books?! – Yet, performance in turnaround management varies widely

Posted 3 CommentsPosted in Situations of Rapid Change
If the executive team gets stuck in any of the five stages of the “process of depression” during the turnaround management, it is likely to lead to the bankruptcy of the firm. Severe troubles of a firm are often paralleled by a situation of rapid change, where the dynamics of (involuntary) transformation keep accelerating and exceed the […]

Why turnaround specialists are always called in too late to distress firms

Posted 3 CommentsPosted in Situations of Rapid Change
It is fair to say, turnaround specialists, are often onboarded in the very last moment of distress situations. For firms, this can be dramatic, as the onboarding of a turnaround professional increases chances for going concern from (only) 12.5% to more than 90%. Reasons are linked to the degree of the ability of an organization […]
man playing poker - going concern

Turnaround a company for going concern? Rather go to Las Vegas!

Posted 2 CommentsPosted in Situations of Rapid Change
To secure going concern for a firm, a turnaround professional should on-board before the final struggle for economic survival has begun. If waiting too long, going concern is at stake and it is more promising to go to Las Vegas, to preserve investments. The suck of the downward spiral Root causes for distress situations putting going concern at stake […]

How long should it take, to turnaround a company?!

Posted 2 CommentsPosted in Situations of Rapid Change
Steve Tobak from CBS MoneyWatch identifies three phases for a turnaround, in a situation of rapid change. The most important initial starting point of claiming control over the turnaround process is forgotten. When on-boarded, stopping the firm’s downward trend is critical and the core objective of the turnaround CEO. This aims for multiple stakeholders, including investors, […]