Building Margin

28: How I Use Strategy to Turnaround Struggling Companies


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Steve dives into the five crucial steps he takes to turn around struggling companies. With an informative and educational approach, Steve emphasizes the importance of measuring and benchmarking financial performance as the first step towards identifying areas of improvement. He then delves into defining the strategic problems and setting initiatives and a shared vision to guide the company towards success. Steve emphasizes the significance of creating a comprehensive go-forward plan and deploying resources effectively while building high-performing teams. Finally, he highlights the necessity of monitoring and measuring success to ensure continuous growth and progress. Through clear and concise language, supported by statistics and anecdotes, Steve engages his listeners and guides them towards implementing these steps for long-term value creation.

Disclaimer:
The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. 

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Building MarginBy Steve Coughran

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