Shrinking sales, declining profits, negative cash flow, and lender fatigue all result from fundamental problems. Left unaddressed, they jeopardize a company's life.
Turnarounds are the ultimate test of crisis management; the stakes are very high. In times of financial and operational crisis, a company's very existence can be threatened unless management can act quickly. Executives must be able to resolve complex challenges and navigate in a rapidly changing and often adverse environment.
The truth is - turnarounds involve issues that most management teams have never tackled. Most successful turnarounds come when there is an insertion of leadership that has experience in managing the challenges of a financially stressed organization. This is leadership that has navigated through turbulent times before.
Blackstone Management & Consulting executives provide proven turnaround leadership and follow a defined approach when leading a client business through the process.