Repositions & Turnarounds
There are many reasons for undertaking a company turnaround or corporate restructure. Whatever yours are, three things are vital for success.
With multiple uncertainties facing businesses around the globe, it is becoming more important than ever to undertake an optimised and successful restructuring or Company turnaround.
74% of employees retained after a layoff say their productivity declined*. This can be based on:
Negative emotions such as guilt, anxiety and anger
General distrust of the organisation for poor communication
Fear the restructure may not be complete
Turnarounds can be driven by many external events. Successful restructures re-focus and re-energise people.
Correctly managing your people through corporate turnarounds is as important as the turnaround itself.
Poor communication at any point will result in a loss of trust, and negatively impact company culture.
Successful corporate turnarounds and restructures are defined as:
Improving efficiencies
Providing a return on investment for stakeholders
Quickly being adopted by team members
Bringing all stakeholders on board
Delivering high quality processes
We identify 3 key necessities for successful corporate restructures:
Creating clarity
Identifying what exactly needs to change to ensure the correct missed opportunities and pain points are addressed.
Defining success in a realistic way.
Communicating what needs to change, to the right people at the right time, to avoid resistance and uncertainty in a complex and high pressure situation.
Creating stability
Defining your desired target end state moves you beyond changing simply how work is organised, towards organisational, functional and individual plans that drive sustainable and stable change.
Organisations must work hard to reshape people’s past experiences to avoid change fatigue.
Creating focus
Extraordinary operating conditions require strong leadership that is visionary, connected and aligned.
Adequate resource, budget and effective leadership must be allocated to the change.
A clear strategic end goal must be defined and communicated to all levels.
How do we move you from pilot to BAU?
It’s all in the design.
Across any Company turnaround (restructure, downsize, work redesign, relocation, repositioning) applying a ‘systems thinking’ approach to strategy and ‘human-centred design thinking’ to tactics is key.
That’s why we are big on design and big on tactics, as opposed to a traditional process-driven approach. By using operating model design methodologies, we aim to re-focus businesses and teams & avoid the ambiguity that leads to failure.
Strategic Diagnosis
We do →
Through facilitated human-centred design thinking workshops, we clarify the proposed outcomes, gather intelligence on your current state and unpack how the proposed change agenda will deliver against the company’s strategic priorities.
You get →
A detailed report on the outcomes, with a recommended approach for how to proceed.
Organisational Roadmap
We do →
Using proprietary Switch Habitude® Design Methodology we define and map your desired end goals at an Organisational, Functional and Individual level to clearly identify what needs to change in the operating model and where in the organisation change needs to happen.
You get →
A blueprint and bespoke “Switch Plan” containing detailed information on all the tactics required to transition and embed change in the operating environment, from communication and design, to up-skilling and process realignment.
Tactical Implementation
We do →
You get →
Bespoke, practical, measurable tactics and processes delivered within the unique culture and cadence needed to succeed.
Are you about to embark on a company turnaround? Let’s talk about how to make it successful.
Case Study.
Optimising brand reputation and performance through cultural alignment.
The leadership team of a newly formed government agency were siloed and operating as individual experts, as opposed to a high functioning team. We sought to understand the team through interviews, and succeeded in aligning them behind a common purpose and target culture, which enhanced productivity, turnover and brand reputation.