By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
We are in our last installment of “Company Restoration in the New Normal.” I hope you are finding it informative and it is prompting some of your own thoughts about what to expect as we conduct business in this new world, we have found ourselves.
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
In Part 2, we discussed the underlying factors of the New Normal that will force a more intense way of looking at fixing companies that have been broken by this global calamity. Building off of Restructuring and Turnaround approaches, we identified the increased difficulty and complexity associated under the New Normal and introduced the concept of “Restoration.” Restoration efforts will require fixing distressed businesses in an environment where not only they themselves, but their entire marketplace – customers, suppliers, lenders, etc – are distressed also.