• Ilma Danielienė

Turn Around Management / Financial Crisis Management

Navigator Consulting Group and the Cyprus Chamber of Commerce and Industry are organising a 2-day training programme entitled Turn Around Management. This provides managers of small enterprises with a strategic and structured framework for financial crisis management. The training will be held on 9-10 March on Zoom.


Nicosia, Cyprus: 08 February 2021



This 2-day training programme has been developed by Navigator Consulting Group based on 26 years of consulting in highly challenging environments.


Our clients have been affected by a multitude of negative events:


  • The East Asian Financial Crisis of 1997-1998 and the Russian devaluation and debt default of 1998-1999;

  • The 1999-2000 dot.com bubble and crash;

  • The 2007-2008 global banking and sub-prime mortgage crisis;

  • The 2010 Greek sovereign debt crisis, with metastasized into public debt crises in Spain, Portugal, Ireland and Cyprus;

  • The 2013 Cyprus banking crisis and sovereign debt crisis;

  • The 2014-2015 crisis in Ukraine and Russia as a result of the Crimea invasion and subsequent embargo;

  • The 2020 COVID-19 crisis.


There have also been micro-cycle and sectoral crisis, for example the negative impact of tourism caused by the 2003 invasion of Iraq.


Through this experience, we have developed a robust methodology for dealing with both an immediate financial crisis or a longer turn around management situation.


This is based on:


a. Developing a crystal-clear understanding of enterprise business models;


b. Translating this into an operating and financial business model capable of scenario planning and sensitivity analysis;


c. Further data-driven investigation into areas such as sales performance, customer profitability, portfolio profitability, order cycles, production model profitability, logistics and other key areas in the firm;


d. Understanding working capital, free cash flow, debt service, cash conversion and value-added value models relating to debt, cash flow and working capital;


e. Making specific decisions based on data and observable outcomes.


Our methodology incorporates well-known methods such as the turn-around curve, Porter’s Value Chain, Porter’s Competitive Advantage, certain aspects of lean management, risk analysis and classic financial modelling and analysis.


Training Agenda


The training programme will cover the following topics:

  • Financial Crisis: Types and Impacts

  • Risk Management

  • Modelling and Analysing Strategic Corporate Operations

  • Basic Corporate Finance

  • Measuring the Cost of Sales

  • Turn-Around Management Diagnosis

  • Customer Segmentation and Pathways to Change

  • Optimising Production and Industrial Operations

  • Turn Around Management Planning: Summary of Measures


It develops tangible methodologies and examples that allows company managers (or investors) the means of understand current business model profitability and recommending changes.


For more detailed training agenda, please visit the event website.


Learning Outcomes


As a result of participation, managers should be able to guide their enterprise from loss to profit. This includes:


1. Assess the enterprise risk in their standard operations.


2. Understand how to spot an emerging crisis and measure its severity.


3. Understand their corporate value chain, including financial and non-financial metrics of competitive advantage.


4. Understand the basics of a profit-loss statement, including cash flow and balance sheet impacts.


5. Develop a profit centre approach to operations.


6. Developing strategies and tactics for turn-around management in a structured and coherent manner.


7. Improve their ability to manage profitability, risk and crises.


Consulting Visit


All companies that participate receive a full-day consulting visit by the trainer. This visit is used to implement the methods provided on each specific company case, and is extremely useful in terms of integrating the learning methodologies and generating a tangible result.


Trainer


The trainer is Philip Ammerman. Philip is an experienced consultant and entrepreneur who has advised companies through a series of catastrophic downturns as well as high growth periods. He has worked through the 1998 Russian sovereign debt crisis, the 1999-2000 dot com crash, the 2000 stock market crash in Cyprus, the 2008 banking crisis, the 2010-2018 Greek debt crisis, the 2013 Cyprus bail-in crisis and the current COVID-19 Pandemic. Philip is an experienced investment advisor and has advised on over 120 business plans, corporate restructurings, mergers and recovery plans worth over € 6 billion.

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Training Costs


All costs of the training are covered by the Human Resources Development Authority for qualified small enterprises and their management employees. In order to benefit, participants must be permanently employed (and registered for social insurance), and the company that attends must meet the criterion of a small enterprise, namely 1-49 employees.


Further Information and Registration


Please view the event website here:


https://www.navigator-consulting.com/event-details/turn-around-management


For further information, please contact:

Philip Ammerman

Managing Director

info@navigator-consulting.com


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