turnaround model
DESCRIPTION
Turnaround model for MFTRANSCRIPT
Turnaround Model
Turnaround & RecoveryThe common perception
Performance
Time
Performance
Time
Turnaround & RecoveryCommon perception and potential consequences
Consolidated recoveryPerformance
Time
Bottoming out
Sustainable growth
Decline can either beTraumatic or slow
Turnaround & RecoveryOur approach
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
The life cycle of a business - Different Management styles
Growth Consolidation Crisis
Management Style
Entrepreneurial Structured Turnaround
Life cycle stage
The emotional state of the owner
Continuous Improvement
The competition or ‘b
est practice’
STEP CHANGE
Introduction of effective change
