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.
Total shareholder return lens
We focus turnaround projects on TSR--not just operational fixes.
Topline growth and strategy are part of every program
We emphasize our clients’ top-line growth and strategy execution over tactical cost-reduction.
Rigorous methodology for rapid, sustainable impact
We capture value faster, typically in 12-18 months, and provide dedicated senior leadership for the duration of the transformation.
Highly experienced transformation and turnaround professionals
Our team includes former CEOs, industry practitioners, and advisors with a strong track record of turnaround journeys delivered.
Working shoulder-to-shoulder
We have a full-time, on-site presence within your organization, work closely with company leaders, and build skills within the management team.
Commitment to clients
We measure our success by progress made and outcomes achieved, and by our clients’ satisfaction.
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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Our turnaround consultants have vast experience leading clients through successful business turnarounds. Meet some of our experts on the topic.
Managing Director & Partner
Boston
CEO Scott Salmirs explains why the company needed a partner with expertise in strategy, process, and execution. As a result of this collaboration, ABM’s stock value jumped 38%, putting it among the top performers on the New York Stock Exchange.
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.
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.
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.
HSH Nordbank´s CEO, Stefan Ermisch, discusses one of the greatest turnarounds in the history of German banking.
