Turnaround model
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Transcript of Turnaround model
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Turnaround Model
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Turnaround & RecoveryThe common perception
Performance
Time
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Performance
Time
Turnaround & RecoveryCommon perception and potential consequences
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Consolidated recoveryPerformance
Time
Bottoming out
Sustainable growth
Decline can either beTraumatic or slow
Turnaround & RecoveryOur approach
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Point 1DiagnosticPoint 2
Create a window of time•Debtors/Creditors•Crown Moratorium•Sell stock•Re-negotiate bank debt•etc
Point 3Develop Recovery Plan
•Marketing & Sales•Aggressive cost reduction•Re-finance•Diversify•Management•etc
Point 4Implement Recovery Plan
•Management structure•Financial package•Change•Innovation•etc
Point 5After care
•Monitoring•N.E.D.•Mentoring
The Five-Point Plan
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The life cycle of a business - Different Management styles
Growth Consolidation Crisis
Management Style
Entrepreneurial Structured Turnaround
Life cycle stage
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The emotional state of the owner
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Continuous Improvement
The competition or ‘b
est practice’
STEP CHANGE
Introduction of effective change
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