With a very limited amount of time available the turnaround consultant is asked for a precise analysis of the company's and its market's situation emphasizing on the explanation why the company suffers from losses and / or cash drains based on facts and figures.
Therefore it`s essential to rapidly gather, evaluate and interpret all relevant data to fully understand and report the company's problems. This will lead to the answer of the main question:
Is company`s potential sufficient to overcome the crisis?

If the answer is positive the next step will be to create a master plan or blue print for the company's future starting from the strategic and managerial guidelines and developing the necessary means and measures to regain the state of profitability. To convince the various participants in the turn around process, particularly the bankers involved, this master plan has to include realistic forecasts of the company's financial future: profit & loss statement, balance sheet, and detailed forecast of the future cash flow plan, which is of special interest for calculating the amount of fresh money which required.

Usually, the consultant is also asked to support the implementation of the master plan and/or to control the restructuring process with regular reports to the banks.
If the company cannot survive exit strategies have to be developped: sale of the activity or even bankruptcy in its different forms.

All these steps will be discussed in detail based on real cases. Additionally it will be illustrated in which `way` the consultant has to cooperate with all participants involved e.g. banks, stake-holders, trade unions, creditors.

Harvard Business Review on Turnarounds (WD 706A) 2001.

Arpi, Bo International Turnaround Management, McMillan 1999. (WD 703).

Gilson, Stuart C., Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, Breakups, in John Wiley Sons, 2001.

Donaldson, Gordon, Corporate Restructuring: Managing the Change Process from Within; Harvard Business School Press, 1994.

Institutions and actors in international financial management (multinational corporations, financial intermediaries, public institutions, others)

International external financing instruments: debt financing, equity financing, mezzanine financing

International internal financing, in particular cash pooling, transfer pricing, and asset-liability management

Country and geopolitical risks, exchange rate and interest rate risks

Use and valuation of derivative financial instruments

Development of hedging strategies

Agarwal, A.A. (2017) Business Leadership and Law. New Delhi, Springer.

Chaisse, J., Choukroune, L. & Jusoh, S. (eds.) (2020) Handbook of International Investment Law and Policy. Singapore, Springer.

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Hüschelrath, K. & Schweitzer, H. (eds.) (2014) Public and Private Enforcement of Competition Law in Europe. Heidelberg, Springer.

Jenny, F. & Katsoulacos, Y. (2016) Competition Law and Enforcement in the BRICS and in Developing Countries. Cham, Springer.

Klasen, A. (ed.) (2020) The Handbook of Global Trade Policy. Oxford, Wiley.

Morschett, D., Schramm-Klein, H. & Zentes, J. (2015) Strategic International Management. Wiesbaden, Springer Gabler.

OECD (2022) Arrangement on officially supported export credits. Paris, OECD