Turnaround Management originally commenced in the U.S. and has been a growing field in Australia over the last few years, and we are proud to have been closely associated with the Turnaround Management Association in Australian since its inception in 2004. Riad Tayeh of dVT Consulting has been a past President and past Chairman of the Australian chapter.
Our approach is to tailor a program that specifically addresses the concerns and risks of the business and stakeholders, providing a more cost effective outcome for the client. Results are monitored on a regular basis with reported outcomes provided to all relevant parties. As in all assignments, we maintain an impartial approach towards evaluating the business and undertake strict levels of confidentiality.
Each assignment is unique, and the strategies must be geared towards a company’s particular financial and market position. However, most strategies will include the following:
Some of the assignments undertaken over the last few years include:
Manufacturing Industry – market share under threat from competitors’ behaviour – establishment of management systems and controls, appointment of appropriate senior management to oversee operations, establishment of KPI’s and reporting systems and monitoring of results.
Primary Industry - national production facilities in Australia employing over 600 staff. The group needed organisational restructure, production cost cutting, implementation of best practice accounting processes, and a marketing strategy. Riad Tayeh of this firm was appointed interim CEO and achieved exceptional sustainable growth beyond the owners' expectations.
References are available on request.