Overview of special cases
Business restructuring process
Business restructuring is a complex process that requires a systematic, scientific approach and a clear roadmap. MAN proposes a five-step restructuring process to help businesses optimize their performance.
5 steps to business restructuring
Business current analysis
Assessing the financial, operational, organizational, and market situation.
Develop a restructuring plan.
Define objectives, strategies, and implementation roadmap.
Carry out legal procedures.
Prepare the documents, pass the resolution, and register the change.
Implementation
Implement the changes as approved.
Monitoring and evaluation
Monitor and evaluate results and make adjustments if necessary.
Business current analysis
Step 1: Conduct a comprehensive analysis of the business situation.
Financial analysis:
- Analyze financial statements (for the last 3 years)
- Evaluate financial indicators and compare them with the industry average.
- Identify financial, debt, and cash flow problems.
Business activity analysis:
- Evaluate product/service portfolio and market share.
- Value chain and operational process analysis
- Evaluating the performance of business units and departments.
Develop a restructuring plan.
Step 2: Develop a detailed restructuring plan.
Define the restructuring objectives:
- Overall Goal and Specific Goals (SMART)
- Key performance indicators (KPIs) for measuring success.
Develop a restructuring plan:
- Financial restructuring plan
- Organizational restructuring plan
- Business restructuring plan
- Implementation roadmap and assignment of responsibilities
Implementation
Step 3: Implement the restructuring plan
- Implement organizational and personnel changes.
- Implement financial restructuring measures.
- Implement changes in business operations.
- Internal communication and change management
- Coordination between departments and units
- Address issues that arise during implementation.
Monitoring and evaluation
Step 4: Monitoring and evaluating results
- Establish a monitoring and reporting system.
- Measure results according to defined KPIs.
- Compare actual results with the set targets.
- Identify areas that need adjustment.
- Make the necessary adjustments.
- Prepare a summary report on the restructuring process.
Need advice on business bankruptcy procedures?
MAN provides comprehensive financial restructuring consulting services, helping businesses overcome difficulties and optimize financial performance.
