Turnaround

The point is to take over temporarily the general management of the company to clarify why the situation has deteriorated and to bring the company back to profits.
As a type of services dedicated to the operational management, the turnaround operations have specific characteristics and require particular abilities.

The key factors of success are :

• knowing how to take the leadership rapidly on the very first days,

• identifying the points that are a priority and the levers to be used,obtaining the support from the key staff members of the company,

• quantifying the actions and working with a roadmap,

• avoiding conflicts thanks to a transparent attitude,

• offering the human qualities that are needed in very tense situations (leadership, emotional stability, strength, determination).

According to experience, success starts to appear after the third month. This is the necessary time to get a change or an acceptation of the change in the mind of the staff. It is sometimes necessary to wait a little bit more to see the first positive results, depending on the type of activity of the company.

The manager from FONTENAY MANAGERS does not need to know the particularities of the economic sector concerned because his mission is not to develop the company in the long term. However, he has to work on the conditions that will prepare this development. As he is used to this kind of turnaround situations, the manager from FONTENAY MANAGERS has the priority of introducing his successor, typically a specialist of the sector, at the right moment.

FONTENAY MANAGERS' commitments :

• To take the responsibility of the mission with a clear and well defined objective.

• To focus his energy on results and be responsible for them.

• To provide a monthly report.

• To respect the team and be transparent.

• To look for efficiency while accomplishing the mission on behalf of the client