Our business turnaround consultants concentrate on building value quickly.
Companies don't get into trouble overnight. A series of missteps throughout the organization over several years most likely led to the current underperforming situation. The only way to move forward is through a total approach that touches virtually every discipline within the organization.

Parkland's business turnaround consultants come from a myriad of disciplines including sales & marketing, accounting, finance, operations, business process improvement and systems. During corporate crisis management planning, our consultants aggressively apply their expertise to quickly establish value and continuous improvement through an interactive, team based approach.

Continuous improvement is achieved from Top-Down, Bottom-Up.
We favor a Top-Down Vision / Bottom-Up Management (TDVBUM) approach in which senior management defines the vision and goals. Management and employees work together to create a change management plan that is directly aligned with the vision, then employees work in teams to implement the plan. Learn more about TDVBUM and Parkland's other performance improvement tools.

Corporate crisis management planning customized for your company's current situation.
Conditions of the companies with which we work range from underperforming to troubled to severely distressed, both financially and operationally. Declines can result from a number of factors; manifestations usually include dwindling sales dollars and margins, operating losses, excess debt and insufficient working capital or other funds.

In such situations, Parkland applies Turnaround and Workout techniques until the business stabilizes. Afterwards, we implement the appropriate performance improvement tools and techniques to remove root causes of the problem, and reposition the business for success with a customized change management plan.

Our business turnaround consultants possess the knowledge and flexibility to serve in a variety of roles.
Turnaround and Workout techniques can be applied inside or outside of a formal bankruptcy or Chapter 11; yet the substantial costs and loss of control that often occur make an out-of-court format preferable if possible. There are, however, situations in which bankruptcy is the more effective process. Parkland can help analyze and determine the best course of action.

Depending on the situation, Parkland's professionals can function in several roles including consultants, interim managers, trustees or management coaches. Turnaround and Workout services include:

  • Corporate crisis management planning;
  • Cost reduction and control;
  • Cash generation, sourcing and management;
  • Improvement or elimination of unprofitable business units, divisions or product lines;
  • Asset efficiency, management and control;
  • Development of a change management plan;
  • Financial and operational forecasting and modeling;
  • Restructuring secured and unsecured obligations;
  • Bankruptcy and Chapter 11 advisory services;
  • Lender & Creditor support services;
  • Creditor Committee representation;
  • Bankruptcy Trustee services.
Help your company reach its full potential by partnering with the business process improvement experts.
Our expertise in corporate crisis management planning combined with access to a full range of performance improvement tools, spark continuous improvement within your organization, and help it to reach its full potential. Don't wait another day--- email one of our business turnaround consultants or call 216.621.1985.