When things go south and your back is against the wall, you need actionable guidance to save your business.
Assignments can take anywhere from 3 to 24 months depending on the size of the organization and the complexity of the job. Turnaround management does not only apply to distressed companies. It can help in any situation where direction, strategy, or a general change of the ways of working need to be implemented. Therefore, turnaround management is closely related to change management, transformation management, and post-merger-integration management. High growth situations, for example, are one typical scenario where our turnaround experts also help.
The turnaround consulting and crisis management professionals of GBDS have seen almost everything. Clients who have lost their lines of credit, could not afford payroll, were behind on paying bills and vendors, some on the verge of closing their doors permanently. Others didn’t know they were weeks away that month from shutting down.