
Gordian Group’s Peter S. Kaufman and Henry Owsley sat down with the American Bankruptcy Institute (www.abiworld.org) for a podcast on the role of PE in distressed companies during this economic cycle. On both the buy-side and the sell-side, there are opportunities, but they will require tough decision-making, creative thinking and, above all, patience.
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Hackett Groups reports that 80% of firms are unable to forecast 13-week cash flow within 5% accurracy.
Only one in three can accurately forecast their earnings, due to unknowns in the sales and expense categories.
Top performers have five characteristics in common: the simplest of the five is to "develop closer vendor and customer relationships." The other four require substantial organizational effort. Management and boards should throw their weight behind these initiatives.
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The name of this blog is Practical Turnaround Thinking and it’s written for 21st century management teams who are looking for practical steps to improve their company’s performance.
Read More +What is renewal? It’s based on the verb, to renew -- to make new again; to restore to existence: reestablish, recreate, rebuild, revive, resuscitate; to restore to fullness or sufficiency.
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