Company Restoration in the New Normal – 5 C’s Restoration Strategy
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
Company Restoration in the New Normal – 5 C’s Restoration Strategy
Company Restoration in the New Normal – 5 C’s Restoration Strategy
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.
Company Restoration in the New Normal – Not Restructuring, but Restoration
Company Restoration in the “New Normal” – Not Restructuring, but Restoration
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
In Part 1, we identified some of the more important characteristics that will be driving the New Normal. In this discussion we will focus on how business professionals should be looking to respond to the New Normal.
First and foremost, it is clear that many companies are and will be faced with survival, pure and simple, doing whatever they can do today to ensure they are in business tomorrow. This is a reality that must be dealt with. Some will make it, many won’t.
That aside, if the company has enough ‘liquidity runway’ to reenter the marketplace than the question is how? As we return to the world of commerce, it will be clear to all involved that is not going to be business as usual.
Company Restoration in the “New Normal” – No Going Back to Normal
Company Restoration in the “New Normal” – No Going Back to Normal
By: Guest Writer Donald H Turner, Serial Turnaround and Growth Executive
“I’m not Chinese. I thrive in interesting times.”
~ Charles de Lint ~
In both culture and commerce, we live in what many would consider “interesting times” – as stated in the old Chinese proverb. A proverb, by the way, that is intended as a curse, not a blessing.
Our “interesting times” have officially decimated the worldwide economy, ravaged social norms, and rattled the psyche of many. As we come out of this pandemic-driven calamity we face a truly “new world.” Whether it will be a “brave new world” is yet to be seen; however, a “new world” it will most certainly be.