Navigating Turnaround and Restructuring: Achieving Sustainable Change
We work closely with CEOs, COOs, and CFOs to alter the trajectory of organisations, creating sustainable change by eliminating value erosion and negative cash flow generation. Our aim is to devise and execute a value maximization strategy to preserve and maximize value creation.
Turnaround and Restructuring Consulting Team: Our team comprises specialists with deep restructuring and turnaround experience and diverse backgrounds. This includes former senior executives with a track record in leading major restructuring programs, business improvement specialists with operational and financial expertise, and industry experts who have successfully transformed profitability across various businesses.
Framework & Approach at a Glance: We follow a proven framework and approach that combines an interdisciplinary and holistic process. This ensures that operational, financial, and strategic improvements are identified, quantified, prioritized, and swiftly executed with a sense of urgency.
The approach consists of three critical steps:
1. Stop the Bleeding and Restore Cash Generation:
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- Conduct a thorough analysis of the organization to identify root causes of cash burn and value erosion.
- Execute an aggressive cash recovery plan, including working capital management, asset sales, operational cost reductions, and revenue enhancement.
- Right-size operations and the organizational structure align with a revised, realistic revenue plan, signalling the necessity and commitment to change.
2. Restore Value Creation:
- Develop a new value-creation strategy by addressing critical root causes of underperformance.
- Partner with you and your team to define a new business and operational model.
- Improve key operational processes and conduct a high-quality financial evaluation of the new strategy to secure support and endorsement.
3. Maximize Value Creation:
- Define well-designed implementation plans in critical areas.
- Optimize resource allocation and establish a robust performance management capability.
- Monitor and track performance through key metrics, targets, accountability, and incentives.
Key Enabling Processes Critical to Success:
Certain management processes are crucial for successful restructuring and turnaround. We prioritize the following processes:
Urgency, Change Management & Communication:
- Drive organizational change and overcome resistance through a deliberate, systematic, and superior effort.
- Define and communicate a compelling case for change across the organization.
- Identify and address factors generating suboptimal behaviours.
- Appoint effective leaders and talents in key roles.
- Establish a restructuring and turnaround office to drive actions and communicate progress.
Performance & Financial Management:
- Implement processes to track the right metrics, set ambitious targets, and ensure accountability.
- Align business and individual objectives through the optimal definition of financial and non-financial incentives.
- Employ solid financial management throughout the process, including cash management, economic evaluation, and measurement of value creation.
Portfolio of Restructuring and Turnaround Services: Our comprehensive range of services includes:
- Development and delivery of Restructuring/Turnaround Concept & Plan
- Complete analysis of the existing business situation
- Execution of rapid cash management and operational liquidity improvements
- Cash management and forecasting program
- Restructuring/Turnaround/Transformation Office
- Interim Management & Chief Restructuring Officer
- Operational restructuring implementation
- Change management strategy design and implementation
- New performance management strategy design and implementation
Well-designed and executed restructuring and turnaround programs can make the difference between survival and liquidation. Our experienced team is ready to partner with you and your organization, providing guidance throughout the process to help navigate the challenges and position your business for future success.
Why Choose Our Change Management Consulting Services?
At SynergoMax, we specialise in assisting organizations through periods of significant change, turnaround, and restructuring. Our change management consulting services provide the expertise and support needed to achieve sustainable change, optimise performance, and ensure a successful transformation journey. We understand that driving lasting change involves managing the change that comes with it. We adopt a catalyst mindset to inspire action, lower barriers, and foster engagement at every level of your organization. From middle management to the frontlines, we create a culture focused on operational excellence.
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Expertise in Turnaround and Restructuring: Our consultants have extensive experience in leading organizations through turnaround and restructuring initiatives. We understand the unique challenges and complexities associated with such transformations and provide tailored strategies to achieve positive outcomes.
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Comprehensive Change Management Framework: We employ a comprehensive change management framework designed to guide you through each stage of the change process. From initial assessment to planning, execution, and evaluation, our consultants provide a structured approach that ensures smooth transitions and effective change implementation.
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Stakeholder Engagement and Communication: Successful change requires the support and engagement of stakeholders at all levels. Our consultants help you develop robust communication plans, engage key stakeholders, and address concerns and resistance effectively. By fostering a sense of ownership and participation, we create a conducive environment for sustainable change.
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Leadership Development and Alignment: Change begins at the top. We work closely with your leadership team, providing coaching and support to develop change leadership capabilities. By aligning leaders around a shared vision and equipping them with the necessary skills, we empower them to drive change and inspire their teams.
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Culture Transformation: Change initiatives often require a shift in organizational culture. Our consultants assist in diagnosing cultural dynamics, identifying values and behaviours that support the desired change, and designing interventions to promote cultural transformation. By aligning the culture with the new direction, we create a solid foundation for lasting change.
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Change Implementation and Execution: We provide hands-on support throughout the change implementation phase. Our consultants collaborate with your teams to develop implementation plans, monitor progress, and address any emerging challenges. We ensure that the change initiatives are executed effectively and deliver the desired outcomes.
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Sustainability and Continuous Improvement: Our focus extends beyond immediate change objectives. We emphasize the importance of sustainability and continuous improvement to embed change in the fabric of your organization. Our consultants help you establish feedback mechanisms, monitor results, and drive ongoing improvements for long-term success.
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Navigate turnaround and restructuring with confidence and achieve sustainable change for your organization. Contact us today to schedule a consultation with our change management experts. Together, we'll chart a course for lasting transformation, improved performance, and a brighter future.
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At SynergoMax, we are committed to guiding you through successful change! CLICK HERE to book a FREE 30-minute session and discover how we can assist your business.