Turnaround Management is the implementation of a set of actions required to save an organization from business failure and return it to operational normality and financial solvency.

Turnaround management usually requires strong leadership and can include corporate restructuring and redundancies, an investigation of the root causes of failure, and long-term programs to revitalize the organization.

SOURCENOTE: Business Definition for: Turnaround Management; dictionary.bnet.com

Whilst every business presents different challenges, the turnaround process will typically involve:

• Crisis containment
• Restoration of stability and control
• Rebuilding of performance and enhanced competitiveness
• Margin and profitability improvement
• Re-positioning for growth
• Critical mass development
• Succession planning
• Disengagement and exit

Assignment duration will usually range between 6 - 12 months, depending on circumstance.

IIB Services

The IIB has experts from any type of business imaginable, many of whom are experienced in leading turnaround assignments designed to restore growth, profitability and maximise shareholder value.

Contact Geordie van der Nest & Associates to discuss how we can implement an effective turnaround programme and restore value to your business.