Challenges
Companies in financial distress face a unique set of challenges. They must ensure short-term survival while preparing for long-term success. If bankruptcy is unavoidable, a robust reorganization plan that addresses the needs of all stakeholders is imperative. To thrive again in these difficult times, companies must answer critical questions such as these:
How can we quickly stop the bleeding?
How can we release and generate cash to fund our operations?
How can we focus on the most viable parts of the business moving forward?
BCG Competencies
Our turnaround approach focuses on the most important operational, strategic, organizational, and financial levers in order to ensure a comprehensive recovery. We can validate an existing turnaround plan or develop a new one tailored to a client’s specific circumstances. By combining our deep industry experience with the proven tools of crisis management, we create lasting impact—fast!
These are some of our key client service areas:
Stress Diagnosis. BCG’s proprietary diagnostic tool identifies the sources of financial stress, pinpoints areas for improvement, and estimates the magnitude of the necessary changes.
Turnaround Planning. We provide the strategic inputs necessary for the turnaround plan, including a comprehensive industry analysis and portfolio implications.
Operational Cost-Out Programs. BCG will design and execute a plan for rapidly reducing costs throughout operations.
Turnaround Management. BCG coordinates the various parties involved in a restructuring to meet key deliverables and milestones. We track progress and ensure rapid execution.
Using battle-tested operations experts, proprietary tools and techniques, and partnerships with leading crisis managers, BCG’s teams are committed to stabilizing clients’ businesses and building their future success.