"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." - Martin Luther King Jr.
All organizations experience challenges that require a re-evaluation of its leadership, culture, strategy and, in some cases, financial viability. Such periods of re-examination are often characterized by financial distress giving rise to the immediate need to address the following key planning questions:
- Does your organization have the internal capability to prepare a detailed financial plan to restore the company to profitability?
- Are you able to generate a cash flow management plan to provide sufficient cash needs to satisfy your stakeholders?
- Have you considered all alternatives in terms of cost reduction and revenue enhancements in finalizing your plan?
- Have you effectively communicated to your stakeholders your needs and plans. Have you been responsive to their feedback?
- Is there a mechanism in place to report actual vs. plan results and to take immediate action for variances?
See Change Management has extensive experience in successfully formulating and managing profit improvement and cash generation plans. When critical, we are able to offer alternatives to quickly generate cash to satisfy external stakeholders. We will work closely with all key parties in ensuring needs and potential solutions are identified and effectively communicated.
When an organization finds itself facing this difficult challenge, our experience can make the difference in providing timely solutions for transformative business restructuring.
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