Turnaround management consulting services
To enable us to best communicate with you about your needs, preposition us about your company issues by completing a secure client profile submission form.
Our turnaround management consulting services are designed to fit clients needs
Not all turnaround situations and client needs are the same.
Our turnaround consulting services vary from turnaround situation assessment only, to also including emergency management, and to additional deliverables associated with restructuring the company and delivering a comprehensive turnaround programme.
View how our turnaround consulting services are synchronised with the stages of a turnaround.
We supplement these with:
- Turnaround workshops.
- Turnaround coaching services for those troubled companies who wish to go it alone but needing a helping hand.
- Turnaround mentoring services for corporate executives leading a turnaround.
Turnaround management consulting services overview
2. Turnaround situation assessment services
Turnaround implementation services
3. Emergency management service
4. Quick fix and disposal service
5. Turnaround kick-start service
6. Comprehensive turnaround programme
Other turnaround services
7. Small business turnaround service
8. Interim turnaround management
Turnaround workshops
Stage: Turnaround situation assessment.Our specialised turnaround workshops provide focus on and insight into clients' turnaround situations, and alignment around turnaround options and turnaround plans.
Presented by experienced turnaround practitioners, playing challenging and directive roles, these workshops employ turnaround tools and methodologies aimed at kick-starting turnaround action.
For more information, see Turnaround workshops.
Turnaround situation assessment services
Stage: Turnaround situation assessment.
For more information on our turnaround assessment service, click on the links below.
Turnaround situation assessment services
- Financial Health Diagnosis - is the business healthy, in danger or failing?
- Diagnostic Probe - pre-assessment of client issues and design of Diagnostic Review.
- Diagnostic Review - Determining short-term survivability and turnaround viability, and high-level turnaround strategy and turnaround implementation plan.
- Directional Diagnostic Review - Diagnostic Review without detailed financial modeling.
Emergency management service
Stages: Emergency management.
Diagnostic Review plus crisis stabilisation and formulation of a detailed turnaround strategy and turnaround implementation plan.
For more information, see Emergency management service.
Quick fix and disposal service
Stages: Turnaround situation assessment, emergency management and turnaround restructuring.
Diagnostic Review plus crisis stabilisation, then basic financial, strategic, organisational and operational restructuring to increase disposal value, followed by disposal.
For more information, see Quick fix and disposal service.
Turnaround kick-start service
Stages: Turnaround situation assessment, emergency management and turnaround restructuring.
Diagnostic Review plus crisis stabilisation, and restructuring but leaving recoveryr, embedding and monitoring to management to complete.
For more information, see Turnaround kick-start service.
Comprehensive turnaround programme
Stages: Turnaround situation assessment, emergency management, turnaround restructuring and turnaround recovery.
Diagnostic Review plus full turnaround management service, restoring troubled but viable companies to an improved and stable financial and operational position.
For more information, see Comprehensive turnaround programme.
Small business turnaround services
Stages: Emergency management, turnaround restructuring and turnaround recovery.
Interim turnaround management
Stages: Emergency management, turnaround restructuring and turnaround recovery.
Providing interim turnaround managers to manage the company as CEO or MD, or as functional managers e.g. Marketing Manager, Manufacturing Manager, etc.
Turnaround coaching
Stages: Turnaround situation assessment, emergency management, turnaround restructuring and turnaround recovery.
Our turnaround coaching through turnaround tools and methodologies, and regular reviews helps smaller businesses that cannot afford a more comprehensive involvement.
Secondly, it helps companies that already know what they want to do to proceed on their own under the watchful eye of CRS Turnaround.
In both cases, the bulk of the turnaround work is conducted by the client itself.
For more information, see the turnaround plans implemented during the turnaround restructuring stage.">turnaround recovery.For more information, see Turnaround coaching.
Turnaround mentoring
Stages: Turnaround situation assessment, emergency management, turnaround restructuring and turnaround recovery.
Our turnaround mentoring services to corporate turnaround managers in the hot seat are offered by experienced turnaround managers who have been through the grindstone before.
Turnaround mentoring helps turnaround managers with their personal challenges including stress, time management, executive burnout, company politics and lack of support.
For more information, see Turnaround mentoring services
Turnaround duration and turnaround resources required
It is commonly understood in the turnaround management industry that a turnaround takes 2 years to complete inclusive of embedding and ensuring sustainability through monitoring, coaching and mentoring.
The Pareto principle, however applies - external turnaround consulting input can be drastically reduced after the initial effort as illustrated in the diagram on the right.
View the Pareto diagram of turnaround value added over time relative to the corresponding decreased need for turnaround consulting services.
How to engage our turnaround management consulting services
In need of turnaround, reorganisation, business rescue or corporate recovery services?
If your company is underperforming or in financial distress, please contact Corporate Renewal Solutions to explain your situation.
To enable us to best communicate with you about your needs, preposition us about your company issues by completing a secure online client profile submission form.
Download, complete and email your CRS Turnaround Management Z-Score Excel spreadsheet 
back to us to enable us to rapidly determine your state of health.
We will make an appointment to come see you, at your convenience, to clarify your needs and help you determine an appropriate way forward.
Turnaround management consulting approach
Our turnaround philosophy is described in turnaround management.
Turnaround situations describe the different kinds of troubled companies we help, and it includes information on recognising the need for a turnaround and symptoms of failure.
Turnaround strategy describes our turnaround strategy model, stages of a turnaround, the various components of our turnaround strategy model, and how we draw up a turnaround plan.
Turnaround support
"Supporting management with their turnaround efforts."
When providing turnaround support, we act as turnaround management consultants to either new or incumbent management in a partnering arrangement.
In such cases alignment with the turnaround plan is to be contractually agreed upon.
While we prefer to work on a risk basis, when acting as turnaround consultants we can only do so if:
- We have sufficient influence on the outcome of the turnaround; and/or
- Management's remuneration is tied to the same risk that we face in working for a success outcome.
Turnaround management
"Managing a turnaround on behalf of the Board of Directors."
We take over management of a distressed company if requested to do so, and can do so at very short notice.
The typical situation giving rise to us becoming involved in turnaround management is when a board of directors decides that the present company leadership is not able to take the company forward, or if a CEO/MD resigns.
We conduct turnaround management as interim turnaround managers. A deliverable is normally the recruitment and or grooming of successors.
We prefer to provide turnaround management on a risk basis.
Our turnaround management consulting services
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Our turnaround consulting services are designed to be synchronised with the natural stages of a turnaround.