Business Turnaround and Recovery is a proven programme, designed to effectively solve business challenges. We use trusted methods to analyse distressed organisations, and take practical steps to successfully revive and restore them to functional, profitable enterprises. Its purpose is to increase overall productivity and improve organisational structures, but most importantly, save and retain jobs. If retrenchment is unavoidable, we actively manage and facilitate the process to reduce its effects on individuals, organisations and the local economy. Initially, the programme focused on reactionary intervention and crisis management of struggling companies.
However, it evolved as we recognised the need to resolve problems proactively. Through the establishment of Future Forums, we create collaborative structures between management and employees, which function as early warning systems to detect and manage potential problems before they arise. Thus, Business Turnaround and Recovery identifies with all companies, not only those in distress.
About Business Turnaround and Recovery
How It Works
Funded by The Department of Labour UIF, the Business Turnaround and Recovery Programme identifies jobs that can be saved, and implements appropriate ‘rescue’ processes. Generally, the programme applies to companies with a minimum o2 20 employees facing large-scale job losses.
The Business Turnaround and Recovery Programme is proven and provides highly effective, specialised and technical assistance to struggling companies, through:
The Business Turnaround and Recovery Process
1. Preliminary Assessment
Prior to any planning or implementation, the turnaround viability of the company is assessed. This identifies immediate issues that require urgent intervention and thorough crisis management procedures.
2. Crisis Management
If the company is already in crisis ‒ due to liquidation, labour action, termination of crucial contracts or possible closure by regulatory bodies ‒ immediate action is taken to avert closure of the business or possible job losses, until the Business Turnaround and Recovery process can take effect.
3. Establishment of Future Forums
A Future Forum is a committee comprised of management, employees and union representatives. It creates a structured, collaborative environment that allows for open discussion between all parties.
Together, stakeholders identify problem areas and devise strategies to save jobs, and the company. Throughout this procedure, Productivity SA consultants provide technical assistance with marketing, financial and operational management. When the organisation is stabilised and vulnerable jobs secured, the Future Forum introduces early warning systems to recognise emerging problems, formulate appropriate responses and develop turnaround or deployment strategies, if necessary.
4. Capacity Building
Building capacity ensures all members of the Future Forum are empowered to contribute meaningfully, with a clear understanding of business operations and what will make the company sustainable and profitable. ‘Productivity Champions’ are identified and trained to lead by example.
5. In-Depth Assessment
During this phase, the organisation and its appointed consultants evaluate the root causes of the company’s problems, and formulate appropriate turnaround or redeployment strategies.
6. Strategy Implementation
Once roles are assigned, agreed strategies are implemented.
7. Productivity Sustainability: Keeping on Track
To ensure improvements are monitored and maintained, in-house ‘Productivity Champions’ are appointed. Their purpose is to drive productivity and quality aspects of production/service delivery. Productivity Champions are meticulously trained and equipped with comprehensive manuals that contain valuable productivity tools and techniques. In addition, they continually monitor and measure relevant activities to report results to the company’s management and Productivity SA.
If your company is struggling, or your employees are at risk of losing their jobs, we can help.
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