TURNAROUNDS & CRISIS MANAGEMENT
When the stakes are highest, clarity and action matter most.
If your business is facing serious financial, operational or leadership challenges, you need experienced operators by your side, not theorists. Parkland’s turnaround team brings the experience, judgment and steadiness that helps you make the right decisions, fast, when everything you’ve worked for is on the line.
or call 216-533-5857
WARNING SIGNS
If any of these sound familiar, the time to act is now.
Most business challenges don’t appear overnight. They build gradually and then accelerate. The companies that recover fastest are the ones that bring in experienced help early, before all options are gone.
The hardest part is often making the call. Once you do, you’ll know within an hour whether we can help.
“Periods of difficulty are a normal part of the business cycle. When addressed thoughtfully and decisively, they can become opportunities to strengthen the company and reposition it for the future.”
Larry Goddard, CEO, The Parkland Group
OUR APPROACH
A structured turnaround process built for speed and clarity.
When the stakes are high, you don’t have time for academic analysis. Our process is built to give you a clear picture, real options, and actionable plans, fast.
Assess
An accurate and realistic determination of your situation must be made. What are the true causes of this situation? How serious are they? Does a turnaround appear feasible or should you consider a sale or liquidation? How much time and cash do you have to develop a turnaround plan? Do you have ways to buy more time? Arming yourself with an accurate assessment will help you make the right decision.
Identify Options
You need to know your options, ideally more than one. We developed, evaluate, and model the alternatives. We consider how lenders, investors, suppliers, customers, and employees are likely to react. We prepare fallback positions if they don’t react the way we expect.
Create an Action Plan
Once the best options are determined, a game plan and timetable need to be developed, and then presented to all key stakeholders. They will likely ask many questions about how the plan will impact them. Their buy-in must be obtained unless you have sufficient leverage to force them to go along with the plan. The more prepared you are, the more likely you will be able to answer their questions and satisfy their concerns. A deliberate, clear, and transparent plan will usually build trust and credibility.
Execute
Once a game plan is agreed upon by all key stakeholders, successful execution, speed, diligence, and flexibility is essential. Not everything will play out exactly as planned and changes will need to be made without perfect information, and in a manner that still delivers the desired outcomes. Staying focused on the ultimate goal is key.
SCOPE OF WORK
From advisory work to interim leadership, we go as deep as the situation requires.
Some situations need an experienced advisor at your side. Others need someone to step into an interim leadership role. We’ve done both, and we’ll be honest about what your situation actually requires.
TYPICAL OUTCOMES
When companies act early, the outcomes can be remarkable.
A turnaround isn’t just about avoiding the worst. Done well, it becomes the foundation for renewed strength. Companies that work with Parkland often emerge from crisis stronger than they were before it began.
The earlier you call, the more options you have.
Every day matters in a turnaround situation. The companies that recover faster are the ones that pick up the phone before the options run out. The conversation is completely confidential, and there’s no obligation. We’ll listen, ask the right questions, and tell you honestly whether we can help.
Call 216-533-5857
Available for urgent consultations. We respond to time-critical inquiries within hours, not days.