and Crisis Management Assignments
day in the life of a company in crisis is like a month in a healthy company.”
Harvey Kibel, Kibel Green, Inc.
been the CEO of both healthy companies and turnaround situations, it is clear
to us that the above quotation fairly represents the difference in the speed at
which one has to deal with events in a turnaround. Troubled companies are
generally created over many years through bad decisions, poor management and the
inability to react to changing business conditions. Once the company’s
owners or creditors finally take action, the company is in crisis and immediate
action is required on all fronts simultaneously. Such was the case with
almost all of the following assignments. T&Co’s multi-discipline
skills all are put to use in these situations.
addition to multi-year turnaround of the Bridgewater Resources Corporation and
its subsidiaries (see Domestic
Case Study), Thornburg's domestic client engagements
foods manufacturer and distributor
and truck lift manufacturer
injection molding company
manufacturer and retailer
companies range from startups facing cash flow problems, to mature businesses
requiring extensive re-engineering and new strategies to cope with rapidly changing
markets. Two companies with large real estate obligations were taken through Chapter
11. Several of the companies were offered for sale after the operations and financial
condition were improved.
clients include a steel foundry in Mexico
and the restructuring of a consumer and industrial products marketing company
. Developing countries provide a special strategic planning
challenge. Their business cycles are more extreme and exchange rate fluctuations
can have major impacts on both imports and exports. The Thai company involved
both retail and wholesale sales (see International
Case Study). To cope with rapid changes in the Thai
market, a new MIS and distribution procedures were implemented.