While the number of insolvencies was down sharply overall in 2018, some companies remain heavily impacted by the rapid changes in their sector. As a result, the solutions needed to get companies out of the impasse are becoming increasingly complex. Our 10 experts take a look back for us at the developments seen in recent months and the main issues that punctuated the first half of 2018.
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One member of the diagnosis team is responsible for implementing the plan.
He intervenes either alongside the existing manager or as the actual operational manager if necessary.
The duration of a mission may vary considerably (on average from 6 to 9 months), depending on the time required for the effective implementation of the agreed measures, including the final handover.
His teammate takes on the role of controller, and ensures the smooth execution of the mission, in line with the expected quantifiable results.
Formal and periodic reviews are conducted by the team members themselves.
Each mission benefits from the collective experience of all D&l partners.
A plenary review of all ongoing missions takes place monthly. It includes a detailed progress report on the work completed, focused on expected performance.
From the company’s perspective, a progress review of the action plan is held twice a quarter with shareholders and/or senior management.
This review is in addition to recurrent business/finance meetings and is structured as a critical review: current status, parameters to be confirmed or modified, etc.
This system aims to ensure the success of the mission and the achievement of the expected results.
It always serves a dual purpose:
Diagnosis is systematically carried out by a team of 2 to 3 associates to ensure the quality and relevance of the conclusions.
It takes 5 to 6 weeks and includes a mid-term critical review. A final, formal, and detailed report is submitted to the clients.
Communication of the Diagnosis
When D&I is entrusted with the management of the action plan, as agreed with the current manager, the diagnosis itself and its action plan are explained to operational managers, key people in the company and, more generally, to all stakeholders involved, in order to ensure their support for the program and their future involvement.
