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CSC Capital Group provides management services for distressed companies. Ordinarily, the stewardship of a turnaround is often confounded by the
chaotic environment. The confusion can often frustrate the best management efforts
resulting in unwise and ill-timed decisions.
Our rapid response and hands-on management in turnaround situations utilizes a structured methodology that allows us to deal with the day to day operations without sacrificing the strategic plan necessary to recover from the current adverse condition. Normally our turnaround practice is conducted in three stages: Emergency, Stabilization, and Return to Growth. Our services
include:
- Downsizing Operations
- Reorganizing Current Organization and Financial Structures
- Company-Wide Cost Reduction Program
- Cash Flow Management Analysis
- Vendor Correspondence and Negotiations
- Forbearance Activities
- Aged Receivable and Collections Activities
- Analysis of Bad Debt
- Sale of Assets or Debt Financing
- Redesign Asset Utilization
- Development of Sales, Marketing, and Distribution Network
- Interim Controller Activities
- Bank, IRS, and State Agency Negotiations
- Procurement of Capital Markets
- Intervention Management and Execution
Strategic leadership is
complicated
Strategic leadership is enhanced by an explicit change agenda. This provides long-term continuity to complicated changes in the face of day-to-day operating pressures.
Examples of a successful change agenda include:
- Building knowledge
- Developing shared vision and goals
- Determining desired changes in values and
beliefs
- Translating values into concrete
behavior
- Reorienting power to support new values and
behavior
- Harness high impact management systems
- Superior performance requirements
- Excellent leaders with vision
- Realistic performance goals
- Corporate and business strategies and organizations to achieve
goals
- A process for managing change
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