Turnaround Management Consulting
000
k+
Total Clients
About company
Experienced Sales Director with a demonstrated history of working in the B2B and B2C industries.
Versatile senior technology executive with proven track record building business, satisfying customers, and delivering flawless execution. Deep experience with Programmatic Marketing, Conversational AI, Cloud, Data Science and other new technologies. Talented at building high-performance teams working in a high-dynamic, multi-cultural and geographically dispersed environment. Strong business development professional with a Master of Business Administration (M.B.A.) focused on Marketing. A blockchain enthusiast!!! Hubspot & Google Certified.
Restructuring your Business & Processes
As a Leading Turnaround Management Consultant in India , we believe that it is all about the restructuring and renewal of the business leveraging new models of analysis. Before the Covid, this strategy is employed when the business is under financial stress. However, it is not necessary to wait till the situation becomes too complicated to commence the turnaround Management strategy, since most of the businesses need a post covid business strategy.
Technological disruptions caused by modern technologies lead to a full shift. Digital transformation is critical because it allows businesses to transition from old manual procedures to digitally automated processes, allowing executives to focus on larger business prospects and double their profits.
STEPS OF TURNAROUND MANAGEMENT
Define & Analyze | Scope & Strategy | Link & Action | Implement & Review
TECHNIQUES FOR TURNAROUND MANAGEMENT
The 4R - Retrenchment | Repositioning | Replacement | Renewal
STAGES OF TURNAROUND MANAGEMENT
Evaluation and assessment | Acute needs stage | Restructuring | Stabilization | Revitalization
HURDLES & CHALLENGES FOR TURNAROUND MANAGEMENT
Design | Execution | Marketing
Businesses that have adopted digital technology have frequently encountered the following:
What are the main forces driving digital transformation?
Our turnaround consulting engagements help your organisation achieve rapid improvements in the financial health of your business and create a roadmap for a long-term sustainable growth.
To be frank, turnaround lessons aren’t just limited to the troubled companies. Business Turnaround opportunities exist everywhere—in retail stores, in healthcare, in product lines, in corporate divisions, in education institutions and subsidiaries. In today’s competing world, your business or your services have to earn your right to compete every day, day after day to withstand. And the basics that help you do that are the same ones that our turnaround consultants use to bring failing or failed companies back to life.
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At Bernard Consulting, we go an extra mile beyond the financial aspects of business turnaround and look at the greater strategic landscape to better position your organization for a return to growth.
In the past with our experience in multiple turnaround projects for our clients, we emphasize the importance of clear and coherent communication to a successful outcome of our Turnaround Engagement. That’s why our consultants design a we designed communication plan for each stage and every step of the turnaround consulting, ensuring you retain the loyalty of your own staff and the confidence of your customers throughout the process.
Every organization faces the challenge of accelerating change. We turn that challenge into an opportunity
Many businesses are on an endless hunt to find every incremental time and cost savings possible for their survival , but find that the low-hanging fruit has already been plucked and traditional continuous improvement methods dont wonrk any further after this pandemic. Business Turnaraound is not achieved by tweaking – it’s achieved by rethinking. Bernard Consulting’s approach brings together various heads from a cross section of your esteemed organization, communicate and bring them together into highly coordinated teams that move with urgency, agile, and creativity to challenge the traditional methods, break down the cultural barrier, and achieve 4X business results.
What we do in our Turnaround Consulting :
Assessing and analyzing your company’s entire business process, objectively identifying problems, the extent of the problems, existing issues and potential opportunities.
Schedule your no cost initial strategy call to discuss your business and turnaround areas!
Phase 1 – Discovery
This phase helps the business leaders set clear goals, consolidate efforts so far, and review past successes and weaknesses. If major changes are to be made, then you will need to clearly outline an action plan with specific, measurable, achievable, realistic, and timely (SMART) goals.
Discuss the issues you are actively attempting to fix as well as the opportunities you hope to seize. Then, rank each of these criteria according to priority—they will be the benchmarks you use to evaluate potential structural alternatives and then measure your success.
Phase 2 – Analyse
This phase assesses the environment in which the business operates, does and in-depth diagnosis of the company’s standing with reference against its main competitors and/or industry, and explores relevant trends and developments. Using various tools such as SWOT, PEST or 5-forces, the business will have a clearer picture of their competitive and operating landscape.
Our Business analysis is used to identify and articulate the need for change in how organisations work, and to facilitate that change. We identify and define the solutions that will maximise the value delivered by an organisation to its stakeholders. Our Business analysts work across all levels of an organization and may be involved in everything from defining strategy, to creating the enterprise architecture, to taking a leadership role by defining the goals and requirements for programs and projects or supporting continuous improvement in its technology and processes.
We have the specialized knowledge to act as a guide and lead the business through unknown or unmapped territory, to get it to its desired destination. The value of this analysis is in realisation of benefits, avoidance of cost, identification of new opportunities, understanding of required capabilities and modeling the organization.
Phase 3 –Audit and Reporting
This business audit and reports are a documented evaluation of whether or not a company’s financial statements are materially correct along with the standards, evidence, and assumptions used to conduct the audit.
The results are reported in a written audit opinion, and the language in the opinion defines an audit. Financial statements : An auditor reports whether or not the financial statements are free of material misstatement. In this context, the word “material” means an error or missing information that is large enough to impact the reader’s opinion of the financial statements.
An audit is designed to identify financial statement errors. Regulatory requirements : The financial statements must be prepared based on a set of accounting rules. For-profit businesses must use Generally Accepted Accounting Principles (GAAP), while governmental and not-for-profit firms use different sets of accounting rules. The audit opinion states that the financial statements were prepared in accordance with a specific set of rules. Internal controls: Finally, most audits require an auditor to assess the effectiveness of internal controls .
These controls are put in place so that the business can produce accurate financial statements, and prevent assets from theft. If there are weaknesses in any internal controls, the auditor must disclose the weaknesses. Stakeholders—including investors, creditors, and regulators—rely on the accuracy of financial statements. An audit is performed to provide a higher level of financial assurance to stakeholders.
Phase 4 – Strategy & Road Map
The purpose of a business roadmap is to visualize exactly what is needed to transform a company's vision into reality. It is flexible and can be as detailed or abstract as you need it to be, depending on the phase of business maturity. Your business roadmap is action- focused.
This phase supports the company’s strategy in choosing a small but definite set of actions that will help the company navigate over the next few years and catapults the business into sustained growth. We will use tools such as the BCG Growth Matrix or the Product/Market Grid where necessary to help understand which ideas and actions will have the most impact, and help the business focus its efforts.
Phase 5 – Implement & Review
This last phase is critical as it ensures the ideas and initiatives are built into operation procedures with accompanying measurement tools to allow the business to keep track of it’s progress. Where necessary, assist the company in adopting other Business Excellence frameworks to ensure effective and efficient management processes are in place.
These phases operate in a cycle and the business leaders will be coached with the ability to regularly go through the different phases to ensure continued and sustained success.
We study all the verticals within this business to identify the Business Turnaround
Potential and way forward. This turnaround consulting involves the understanding and restructuring of the following:
Includes:
Market Analysis
What we do here in Market analysis, is a procedure of assessing and identifying various internal and external factors and conditions in a market within a specific niche. Essentially, the key insights that are gained from market analysis relate to:
How do we Conduct a market analysis of that business, and its benefits?
Carrying out market research of that business enables companies to stay informed on the latest market trends of their own business, their audience’s new buying habits, evolving technologies, and competitor activity. To be more specific, it allows businesses to uncover:
On top of these benefits, our market research provides a data-driven approach to creating a high-impact and realistic plan for better business and marketing decisions and strategies.
Risk Mitigation Strategy
We follow five risk mitigation strategies
Appropriate risk mitigation involves first identifying potential risks to a business—like team turnover, product failure or scope creep—and then planning for the risk by implementing strategies to help lessen or halt the risk. The following strategies can be used in risk mitigation planning and monitoring.
Get in touch
Bernard Consuting
Want to work with Bernard on your digital projects? Send him a message to let him know what your challenges are! You can reach out to Bernard via his Linkedin profile. https://www.linkedin.com/in/bernard-g/
Email
bernard@vgoshinfo.com
Phone:
+1 (954)-804-4785
Address:
Vgosh Info LLC, 111 NE, 1st Street,
8th Floor, 88510, Miami, FL 33142
8th Floor, 88510, Miami, FL 33142