Turnaround Management

Based on our Adaptive Process, Moregate has developed a principle based method applicable in turnaround situations.

It focuses around the existing management team and key internal and external stakeholders.

Our turnaround process addresses immediate issues:

  • Fast start Vision and Strategy to re-energise demoralised management, employees and other stakeholders
  • Manage cash, creditors and debtors
  • Establish strategic objectives and define or re-define mission critical building blocks
  • Define and agree key value drivers
  • Establish A-item priorities and create attack plans addressing the key value drivers, e.g. cash attack plan, sales attack plan, operations attack plan
  • Assess the management team
  • Help senior management make effective decisions under time pressure
  • Make organisational changes
  • Define and agree short and medium term corporate actions such alliances, acquisitions, disposals
  • Setup and manage an 18 months implementation plan

 

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