Making Turnarounds Work !
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The document discusses six critical elements for making turnarounds work: 1) Having a champion to execute the turnaround, 2) Defining the right and ambitious scope that impacts the entire business, 3) Understanding the company's value from the customer's perspective, 4) Addressing cross-influences between different parts of the company, 5) Monitoring the turnaround progress and results, and 6) Thinking outside the box with new scenarios and approaches. It also lists some common pitfalls to avoid, such as having the wrong team or overlooking communication.
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Shutdown Turnaround and Outage Competency Improvement Program
This three-week best-practices program, developed by Joel Levitt and the Life Cycle Institute, will help you improve your Shutdown, Turnaround and Outage (STO) performance by building competency in STO best practices.
Plant shutdown
Discussion of Regulatory issues in closing a chemical manufacturing facility. Presented the Alliance for Chemical Safety July 9, 2014 by Willard Vaughan, PE CIH
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Turnaround Management
The document discusses turnaround management as a service provided by Advanced Development's Restructuring and Recovery department. It defines turnaround management as evaluating and addressing the problems of an underperforming business. It outlines the stages and measures of turnaround management, including restructuring strategy and debts, improving liquidity, and communicating with stakeholders. The document concludes that turnaround management can help businesses recognize the need for change and avoid insolvency.
9 business-turn around-strategies
9 Business turnaround strategies designed particularly for small businesses that do not have access to some of the clout and resources larger companies can call on.
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TURNAROUND MANAGEMENT AND BUSINESS RENEWAL
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Catherine Cates presented on how growing companies get stuck in "No Man's Land" between being a small startup and large established business. In this stage, companies often see stalled growth and profits. She outlined four key areas ("M's") to focus on: 1) refining the marketing strategy and value proposition; 2) creating an economic model that can scale profitably; 3) raising capital to finance growth; and 4) professionalizing management while maintaining culture. Tools like the Inc. Navigator can help assess alignment and priorities across the leadership team. Breaking through No Man's Land requires balancing entrepreneurial vision with business maturity.
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The document discusses how revenue growth is the largest driver of shareholder return but many CEOs focus on cost cutting instead of growth initiatives. It outlines a 4-step process companies can follow to systematically accelerate revenue growth: 1) Define and focus resources on the core business, 2) Establish a common set of market facts and insights, 3) Select the most powerful growth initiatives to implement well, 4) Master the process of change management. The first step is using a "spider chart" to identify the core customers, products, channels and geographies that make up 80% of profits in order to focus on high-potential opportunities within the existing business.
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Over the years we’ve noticed that even amazingly creative and unique companies can struggle with getting ideas off the ground.
Whether it’s a simple fix to an organisational chart, or a bit of nudging in the right direction to help a company to launch a product idea with an impactful return on investment (ROI). Making improvements can turn a new product dream into a reality, and we know the value in having an extra set of eyes (and hands) to help with a company’s innovation efforts.
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> Focus on your company strengths in order to get the most out of innovation;
> Identify and remove common obstacles to innovation;
> Build levels of innovation that come naturally and are sustained - through the innovation value pyramid; and,
> Use practical exercises to future-proof your innovation efforts.
Who this book is for
Every business needs innovation. It’s commonly associated with it’s long-term success.1 It helps a business to solve problems, save precious time and money, and set it apart from the competition so it can grow faster.
Every employee within a company can contribute to innovation, too. Whether you’re the boss of an energetic startup company, an aspiring leader or an employee at an organisation, you’ll be able to use this guide to help build innovation in your professional scenario.
We’ll use examples of all sorts of different types of businesses: from software companies, construction firms, tech businesses to self-employed consultants. Even if your unique business model is not specifically discussed, you’ll be able to apply the methods without issue.
Innovolo is an active supporter of the idea that innovation is important (dare we say - essential) for any business to thrive.
If you’re interested in knowing why (and how to do it yourself), then read on!
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Effective Planning Models
The document provides an overview of several strategic planning models and frameworks that can be used in strategic planning, including:
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- Balanced scorecard - A framework that translates an organization's strategy into objectives and measures across financial, customer, internal process, and learning/growth perspectives.
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This document discusses services for structuring family offices and family businesses. It provides an overview of the fields and frameworks they cover, including family office and family business professionalization. It also discusses how they can help with conflict solving and optimizing assets. The key services outlined are family office professionalization, family business professionalization, business family professionalization, conflict solving, and maximizing the value of assets. Contact information is provided at the end.
REBEL practices to implement innovation initiatives #RebelJam15 #vanrompay...
As Turnaround executives, we are constantly challenging the status quo, we break the rules and are relentlessly spreading the innovation virus.
Our sole objective : DO GOOD and make a BETTER WORLD.
Leading by example is not easy but it can be done if you have to implement radical solutions, you have to execute in a chirurgical way taking care of everyone to do GOOD.
This presentation was given on June 26, 2015 through webex in a 24 hour Rebeljam.
Please free to contact me...
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Histoire De La Perle Rare
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Making Turnarounds Work !
- 1. Making Turnarounds WORK by Erik Van Rompay FIRST DRAFT – © 2008
- 10. Or do you think you can fight better than Cesar ?
- 11. Critical element 1: you need a champion Who do you pick as a champion to execute ? The intellectuel The communicator The force of nature The beauty
- 13. Critical element 2: The right and ambitious scope
- 15. Critical element 3: Know your value ? What do they want you to do ? Why are you important for your clients ? What do you do for them ?
- 17. Critical element 4: Succeed cross-influences ?
- 21. Critical element 6: Thinking out of the box You could be the same Obelix doing different things ! - Doing the same thing… but serving 3 different markets
- 25. Don’t hesitate to contact me… Erik Van Rompay [email_address] Tel. 33+(0)6.79.91.06.87
- 26. Turnarounds need to combine the 4E+4C+4P Product Price Place Promotion Consumer Cost Convenience Communication Experience Exchange Everyplace Evangilism 4P 4C 4E + +