Expert guidance on corporate turnaround management, restructuring, interim leadership, and how boards can intervene before situations become critical.
In the life of every company, there comes a moment when business as usual is no longer sustainable. Revenue stalls. Margins shrink. Talent exits. Customer satisfaction dips. Leadership teams are forced to ask: Do we need a turnaround or a transformation? While these two terms are often used interchangeably, they represent very different strategic approaches, objectives, […]
December 23, 2024 Today, Interim Manager Cyril Moreau, our Certified Interim CEO, shares his experiences as Interim Manager. This insightful view gives you interesting and useful tips on how to prepare for the client company’s expectations and interim assignments. Not for the faint hearted: For the past 25+ years I have been working as a […]
Many firms have a notoriously poor track record of success. Statistics reveal that only one out of every ten businesses break-even-growth of a company. Why is there such a high failure rate? Some businesses fail simply because they do not provide a product or service that consumers desire. However, a bigger percentage of organizations fail […]
Retrenchment: The retrenchment approach of turnaround management refers to a wide range of short-term actions to stabilize the organization, reduce financial losses, and address the causes of poor performance. Essentially, it is a strategy for reducing the scope of a company’s operations through downsizing, outsourcing, asset sales, the elimination of unproductive lines, and the abandonment […]
Security and affiliation: An interim manager is a temporary manager, as the name implies. In a perfect world, this would be a matter of mutual understanding. As a result, it is evident to both parties that they are on the same page, working toward the same goal for a limited time. The benefits of interim […]