Saving a business in its current format is not always possible. In some cases, the only way to successfully rehabilitate a company is to embrace change and let go of outdated models. This episode explores exit strategies in turnaround management, using examples like Nokia, Berkshire Hathaway, and the enduring success of Kongo Gumi to illustrate the importance of knowing when to pivot or let go.
Sometimes the only way to rehabilitate a business is to let go of the old. In this episode, we explore the importance of exit strategies in turnaround management. Using examples like Nokia, Berkshire Hathaway, and the remarkable longevity of Kongo Gumi, we highlight how knowing when to pivot or let go can be the key to success in saving distressed businesses.
Understanding the legal landscape for fair treatment of all creditors. Aspiring Turnaround Managers need to be well-versed in the rights of creditors during a Business Rescue to ensure fair treatment and adherence to the rights of Creditors.
While ethics may be dependent on moral subjectivity, it is crucial for all Turnaround Managers to understand the intersection of ethics and business. In this episode, we delve into the complexities of ethical decision-making in turnaround practice, exploring the delicate balance between upholding ethical standards and navigating the often harsh realities of business rescue.
Turnaround management should never be a war between parties, but… While turnaround management should always be a collaborative process, the strategies found in “The Art of War” offer invaluable insights for aspiring practitioners. These strategies can help you navigate the complex battlefield where you often find yourself as a referee between business debtors, creditors, and even the directors themselves.
Join us as we explore the Japanese concept of "Ikigai," where passion meets profession, to help junior and aspiring practitioners determine if this challenging career aligns with your personal mission and values. Discover how understanding your "reason for being" can lead to a fulfilling journey in turnaround management, and if so, what your options are.
Opportunity for lenders and investors meet lifeline for distressed businesses.
Step into the high-pressure world business rescue with 'Cigar Butt Investments: Can 'Cigar Butt Investments Transform the Game of Post Commencement Finance?
Staff, business mascot or unwanted necessity, and the impact of business rescue.
Welcome to 'Business Rescue: Decoding Staff Engagement'! It's a game of corporate survival where deciphering who's on your team, their own agenda, or just red herrings is key. Join us for the suspenseful drama as trust becomes a luxury and every decision could spell triumph or defeat!
Why directors openly impede the attempts of the practitioner trying to help them.
In a world where the turnaround Practitioner is tasked with saving the day, imagine their greatest adversary being the very entity they seek to rescue. In this gripping tale of adversity and conflict, discover if the hero can overcome the ultimate challenge: saving the damsel in distress from themself.
I did not know is no longer an acceptable excuse for this contravention.
In a world where laws are clear and ethics are demanded, the actions and decisions of directors are often blurred by emotions, hubris, and even willful blindness. We explore some of the laws directors must know and the risks of ignoring them.
In terms of our Companies Act, most businesses are trading in financial distress, are you or your client?
Financial Distress: What - Why - How and What Now'. Unravel the enigmatic forces driving businesses to the brink of collapse as we uncover the duties and options available to Directors of these companies.
Do you really know what a Zombie Company is, and the dangers of supporting a Ghost Business Rescue.
Explore the haunting phenomenon of 'Zombie Companies and Ghost Rescues: where financially distressed companies teeter on the brink of insolvency, ensnared in an endless cycle of broken promises and creditor woes.