Turnaround Management services |

Turnaround Management offers transformation services tailored to each specific enterprise situation, be it a game-changer, such as exponential enterprise growth, dramatic financial underperformance, merger or executive leadership issue, or a more routine situation, such as a divestiture, product evolution challenge or ineffective team dynamics. TAM’s portfolio of integrated services helps put and keep companies on track, with results that speak for themselves.

Company assessments

TAM provides both a quick big-picture assessment of key company factors to help direct your attention, and an in-depth evaluation to drill down into more specifics of the business, assessing the following:

Strategy: Enterprise direction, company and product positioning, relationship to the market and competition, strategic partnerships, etc.
Leadership and culture: Management structure and effectiveness, team dynamics, organizational potential, corporate culture, etc.
Operations and execution: Ability to deliver on company goals and objectives and to achieve key performance indicators
Financial management and legal considerations: Financial structure, performance, funding, etc.

A gap analysis between the current state and future vision, risk assessment and feasibility study are performed, including a root cause report to pinpoint specific issues.

Strategic and tactical planning and execution

Taking a broad view and targeted view of the business, market, competition and organizational potential, TAM develops strategies that help companies fulfill their mission.

Following a strategic assessment of the business, TAM works jointly with company stakeholders to determine the high level business goals and recommend the direction to achieve them. The strategy brings together high level priorities, financial plans, organizational structure and resources needed to achieve the goals. Because corporate culture and leadership can make or break a strategy and successful implementation, TAM places these elements as the cornerstone of any plan.

TAM’s tactical plan directs and sets in motion the specific financial, product, business development, resource and other directional. From an implementation perspective, TAM provides as much or as little support as the rejuvenated company needs.

While large transitions are not always easy, TAM develops realistic executable plans, based on its expertise and methodology, taking into account all essential change elements.

Organizational restructuring and corporate renewal

TAM streamlines organizations to make the most effective use of an enterprise’s most important resource—its people. In addition to defining corporate governance, TAM develops talent by supporting leadership, building teams, coaching and developing talent. When necessary, TAM recruits, hires and trains team members and defines the skill building necessary for specific responsibilities. With a recharged organization in place, TAM improves processes for efficient and effective operations.

Interim management

During times of transition, having the right management can make the difference between success and failure. TAM supports the existing management team throughout the transition until full organizational recovery is achieved. If current management is not able to complete the turnaround, TAM can take the lead during the transition period to implement board strategies and decisions, ultimately handing over the improved company to the new leadership.

If stakeholders decide against a turnaround, TAM can develop and execute an exit strategy to help ensure a smooth financial, legal, management and operational transition.

For corporate realignments, TAM also provides fiduciary services, with roles that include: court-appointed trustees, examiners, plan administrators, litigation trustees, liquidating trustees, mediators and monitors.

Performance improvement

Financial advisory services

TAM offers a broad spectrum of essential financial consulting services to support your business, starting with assessing financial health, managing financial operations and recommending changes to maximize performance. Depending on the transition that your company is undergoing, TAM can conduct:

Financial reorganizations and restructuring
Mergers, acquisitions and divestitures
Fundraising, including identifying investors and working closely with banks and the private equity community
Exit strategy management, including preparing the company for sale and identifying interested parties to buy the business

Mergers and acquisitions

TAM is a trusted M&A advisor to business stakeholders, working to maximize the value of your enterprise. Integrating financial, organizational and legal considerations, TAM supports buying, divesting and combining companies, as well as financial restructuring. This end-to-end support includes a due diligence evaluation, financial analysis and strategic recommendations. TAM determines potential partners, addresses management, operational and organizational elements and negotiates agreements.

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