Business Turnaround

Public-company lifespans are shrinking. Today, the chances of any given company ceasing to exist in its current form over the next five years are one in three. Fifty years ago, they were one in twenty. Our turnaround management consulting services help companies avoid an early exit by leading them through a business turnaround.

Companies grappling with a strategic crisis operate under immense pressure and face enormous disruption. If they ignore the warning signs, such as declining profitability or market share, the strategic crisis can morph into a profit crisis—with plummeting profits and stagnating or falling sales—that can force them to burn through cash reserves.

Only a business turnaround can help such a company stave off the next phase of decline: a liquidity crisis.

How BCG Helps Clients with Turnaround Management

BCG, through its Special Situations unit, helps companies orchestrate an effective business turnaround when all signs point to the need for fast, focused action and when companies are grappling with an urgent need to change amid great disruption. We deliver immediate impact to each client’s bottom line, cash flow, and top-line growth—all while concentrating on what the client must do to sustain successful change far into the future.

Key elements of our business turnaround approach

What Makes BCG’s Turnaround Management Approach Unique

BCG’s singular approach to turnaround management pays big dividends for our clients seeking to implement a business turnaround program and has been an important factor in us being named a market leader in the industry by independent research firm ALM Intelligence. We help our clients shape and accelerate their transformation program holistically. We start by initiating a response to performance issues, then swiftly define a transformation plan and mobilize the organization behind it. Finally, we execute improvement initiatives to deliver on the company’s strategic agenda.

To ensure rigor and discipline throughout the transformation process, we set up and run an activist transformation management office that plays three critical roles: driving implementation of the improvement initiatives, enabling the change, and ensuring that the program delivers the intended impact.

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BCG on Transformation LinkedIn Showcase

Follow the BCG on Transformation LinkedIn for a collection of timely insights on enhancing performance trajectory and accelerating growth.

Meet Our Turnaround Consulting Team

Our turnaround consultants have vast experience leading clients through successful business turnarounds. Meet some of our experts on the topic.

Our Business Turnaround Work with Clients

Lessons on Transformation from Element Fleet Management

A world-leading fleet-management company partnered with BCG to generate unprecedented new value for employees, clients, and shareholders. Discover the four practices the partners applied to achieve successful transformation.

Turning Around a Global Jewelry Giant

BCG worked shoulder-to-shoulder with leading jewelry company Pandora to launch a transformation program that reignited passion for the brand and helped Pandora get closer than ever to its customers.

Learn More About Business Turnarounds

Execution Excellence in Large-Scale Change

Three-quarters of all large-scale transformations fail to deliver the planned results. BCG’s Christian Gruß explains how transformation programs can both deliver rapid impact and enable the organization to sustain the impact.

Stefan Ermisch on the Outstanding Turnaround of a Public Bank

HSH Nordbank´s CEO, Stefan Ermisch, discusses one of the greatest turnarounds in the history of German banking.

Change Your Trajectory: Monthly insights on business transformation.