Labovitch: Strategic Change Consultants Ever Changing Business Landscapes

Benefits

  1. Combination of business and organisation change consolidates the turnaround, ensuring long term success and realisation of synergies
  2. Change interventions are clearly phased. Client is able to see discrete deliverables, progress and value
  3. Change process and good communications ensures clarity, staff engagement and motivation
  4. Opportunity to rebrand reaffirms core values, establishing clear identity for the future

Corporate Turnaround

Opportunity

Companies suffering a spiral decline in business need financial and turnaround assistance to put their business on a sound footing.

An integral part of the turnaround is independent organisation change advice.

Labovitch Approach

We work with Turnaround companies to jointly address the organisation and business change issues - clarify the way forward, reduce stress, overcome resistance and deliver balanced change. The approach is based on that for Mergers and Acquisitions using High Impact Change methodology and associated toolkit.

The output is a strengthened and stabilised new organisation and a successful turnaround.

When to conduct a Turnaround change programme

1. Business Stabilisation

Although managers run day to day operations, they are not generally skilled in managing change, particularly when operational management is very stressful.

Labovitch change managers advise on a fresh and focussed course of action, hence reducing stress on the management team and stabilising the business.

2. Turnaround Advice

We assist management to develop a new vision for the business and a Blueprint for Success. This includes:

  • Change programme design and management
  • A new business model incorporating learning from the crisis
  • Plan and timeline for success
  • Organisation design and operations
  • Communications programme
  • Risk management
  • Performance management
  • Advice on re-establishing business systems and processes
  • Rebranding and reaffirming core values and behaviours
  • Benefits realisation

We work in tandem with Turnaround companies who would also look at:

  • Managing cash in order to generate liquidity
  • Strategic acquisitions to strengthen core activities
  • Reviewing financing and working capital arrangements to improve terms

3. Turnaround Management

We advise on leadership development and business culture and provide coaching to help managers rise to the challenges ahead.