Another exciting year soon halfway through

After successfully expanding our core team, we are still looking to grow our team’s capacity further with the right senior resources.

The demand for our services is large, and we are constantly busy helping clients throughout with our in-depth knowledge and practical experience in managing through challenging periods, whether it is financial, operational, strategic or managerial. Almost every time – it is a mix.

Our approach, taking formal positions and actively steering the businesses through troubled waters are very different from advisory based consultants, as well as our broad experience and abilities in leading through often extremely challenging situations differentiate us from the usual interim manager. We thrive when others feel like giving up!

With more than 20 years of experience focusing on challenging situations nationally and internationally give us a base of experience few can match.

Reflecting on our experiences over the period post-Covid:

The world is unpredictable and changing fast
And no reason to believe it will change anytime soon.
“Plan for the unexpected” is as critical as ever.
Do not spend too much time of complex bottom-up modelling, as the assumptions will have to change rapidly – build flexible scenario analyses instead.
The more unpredictable environment, the more important is planning – as somebody said “Plans are nothing, planning is everything”.

A crisis can come in good times and in bad times
Having worked with turnarounds and restructuring in 25 years, one thing is clear – there is always a crisis sailing up, even if it may be possible to let it go unnoticed for longer in good times.
Way too many boards and management groups are unprepared, reject acknowledging the symptoms and wait too long, “too little, too late” is making it much more challenging to solve a crisis that it needs to be.

Always have an alternative way out of the fox den
Being unprepared when a crisis hit increase the risk of failure.
You need to take risks to succeed, but you need to be aware of the risks.
The approach for success should be “Plan for the best, prepare for the worst”.

Be aware of deception
To make good decisions, information needs to be reliable, true and complete.
Mostly people are honest, but unfortunately, we see situations where key people have their own agenda and interest in hiding or manipulating information. Reasons can be various, and most often simply trying to hide own mistakes, but sometimes it can be more grave. Being too naive in the start of a project can turn out wrong, in worst case significant financial losses.
Until you are fully inside and comfortable, believe only in verifiable facts, not words.

The list could be long, but will stop here for now.

Are you interesting in discussing these topics with us or want to have an informal chat about working with Recore, please reach out.

We wish you all a great summer!