Getting the patient out of critical care creating the plan to invest in..

wk0 -2 – due diligence detail / refine root cause and outcome actions, easy and likelihood of execution

wk1-3 stakeholder sign off / formal legal ratification of plan / escalation routes, key milestones?

Wk2 are there adequate stakeholders on board – who needs managing or replacing are investors interested?

day 0 empower the team / clarify ownership

• establish the single source of the truth; sources of key data
• cascade the objectives
  • leave “how” with the team, present back their plans , escalation process, mandate
• things to stop doing and spending on NOW
• focus on results no words
• no blame culture, process not personal
• ground rules for working together / team work
• meeting structure / mandatory / not

wk1 implementation

• amnesty; focus on what works
• identify lead indicators – inputs to the financials
• short term funding solutions e.g. stock clearance
• create simple reporting structure
• create ownership for all critical aspects
  • fill gaps / create support structure plug gaps in organisation
  • marketing
  • sales
  • discounts
  • operations etc
  • customer management
  • burning fires
• things to stop spending on NOW
• containment and stabilisation
• quick wins
• capability gaps / building
• immediate issues; get to solvency
• measurement team working
  • cash management / control
  • 13 week rolling cash forecast / manage sign off / inputs
• support challenge framework
• review vs objectives and review framework

establish intermediate KPIs