Companies end up in financial distress for a variety of reasons and in different degrees of severity, ranging from ‘plain loss’ of shareholder value to liquidity crisis and (eventually) bankruptcy. Management and/or turnaround professionals – at any point along the path of decline – try to avoid further deterioration of financial distress and subsequently regenerate value for old and new stakeholders by turning the business around and restoring its cash-generating capacity.
The Managing Corporate Turnarounds program uses real-life cases as illustrations of broader principles and theory. You will be handed theoretical frameworks as well as practical tools. Even if you will never end up in a turnaround situation, this course will substantially increase your understanding of how companies work and how to manage cash.
“The Managing Corporate Turnarounds program provides an excellent deep dive into the complexity of the processes involved.”
Frans van Loef, Founder Freecapacity, The Netherlands
How you will benefit
Being able to sail a ship through a storm makes you a better captain, even in calm waters. So, even if you never end up in a turnaround situation, you will benefit from the insights of this course and be better equipped to optimize your business.
You will learn to:
- Diagnose causes of decline | Learn which actions and circumstances bring companies into decline; how they can be foreseen or prevented.
- Assess turnaround situations | Evaluate how critical the situation is and estimate how much time is left to execute a turnaround.
- Develop solutions | Define short-term actions for survival while working on a long-term recovery plan. Create a turnaround plan by relating financial restructuring to operational restructuring.
As part of your learning material, you will receive lecture notes on topics such as ‘negotiating with stakeholders’, ‘pre-assignment due diligence’ and ‘short-term cash flow forecasting’, as well as a comprehensive summary.
|09:00 – 18:00
|09:00 – 18:00
We offer carefully crafted learning paths designed to help you dive deeper into various facets of finance. Take the next step in your professional learning path by choosing one or more of our specialized programs, for example:
- Distressed Investing and Advisory
- Understanding Global Macroeconomics
- Psychology of Risk
- Mergers & Acquisitions
We will discuss cases focusing on specific turnaround skills and situations. Where available, theory and academic research will be linked to practical situations. More than anything this course tries to make you think about companies in distress.
Day 1 | Morning session
The first session will introduce you to turnaround frameworks and some general principles when dealing with companies in distress. We will use several mini-cases to discuss the differences between various turnaround situations, enhance particular turnaround skills and perform stakeholder analyses.
Day 1 | Afternoon session
In the afternoon we will focus on determining stakeholders’ positions in a turnaround. We will use the Brouwer Group case, as an illustration. The Brouwer Group was a large printing group that was taken over just before bankruptcy. A detailed stakeholders’ analysis was essential for the turnaround plan.
Day 2 | Morning session
This session introduces you to bankruptcy processes. We will discuss theory and academic research related to bankruptcies, as well as see how management and banks react to distressed situations.
Day 2 | Afternoon session
In the afternoon we will focus on buying and selling distressed assets. We will use a real-life case (Amsterdam Metallized Products) spanning 10 years, with multiple valuation moments and changes of ownership. The course will end with a summary of the lessons learned.
The Managing Corporate Turnarounds program is developed for both financial and operational executives who want to better diagnose and assess turnaround situations in order to define short-term actions for survival while working on a long-term recovery plan. This program is especially beneficial to:
- General managers with P&L responsibility
- Finance managers wanting to understand operational processes
- Professional advisors, e.g. consultants or accountants
Even if you never end up in a turnaround situation, you will benefit from the insights of this program and will be better equipped to optimize your business.
Please contact us should you feel the need to verify your level of knowledge, and/or the relevance of your work context.
Is this program not the right fit for you?
We offer other programs which you might find more interesting or useful, such as: