CHANGE MANAGEMENT

Turnaround management

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Company rescue

Whilst change management usually concerns addressing the need for change before a situation becomes critical, an organisation finding itself on the brink of failure may have a more immediate need for change.

Turnaround management can help where a company is:

• making losses
• encountering a serious cash-flow crisis or has exhausted its bank facility
• carrying excessive overheads
• in need of radical action for survival
• in risk of insolvency
• in risk of breaking banking covenants
• on the brink of receivership

Turnaround leadership

Bringing an organisation back from the brink of failure takes a unique combination of leadership skills. A senior level interim manager from BIE will act as a company doctor offering:

• A proven track record of managing businesses out of trouble
• The ability to rapidly assess the situation and prepare a rescue plan
• Management skills to implement the plan and see it through to recovery
• Availability at short notice — BIE can place a candidate within days

To find our more or to discuss your requirements, call 020 7222 1010.