Social Networking

Embrace it!  “Social Networking”  is for businesspeople and it’s here to stay.  Those not “wired-in” will get left behind.

College Football & Congress?

College Football & Congress?

Congress takes up hearings on fairness of the College Bowl Championship Series (BSC). A government bailout of another failed process?

Musings from Drew McManigle

Musings from Drew McManigle

Welcome to my revised and refreshed new website and Musings from McManigle! Musings is my personal space where I get the chance to express my views, thoughts and opinions on a wide range of topics such as Politics on Business, Leadership, and Practical Aspects of Business Reorganization, Turnarounds and Crisis Management. But don’t be surprised if you find my musings on other topics as well!

Read more here …

It’s the operations stupid

Our approach is holistic: To rapidly understand, manage, and fix the operations – work ourselves out of a job as expediently as possible – leave with the business in better condition than when we arrived – and don’t cripple the enterprise with fees.

Financial analysis tells me where the business has been and where it’s going if its operations are not fixed – irrespective of the business product or service. We believe that financial analysis should never be the raison d etre for any engagement. Hours spent preparing reams of financial data and forecasts, no matter how astute, are likely not going to solve what got the core business into trouble in the first place.

In our view, with the exception of radical balance sheet debt restructuring, fixing the financials never fixes the business.

The point is: bad operations, including lackluster teamwork, an unsustainable culture, and poor quality, whether in product or service, have financial ramifications not vice versa. And in our experience, a shocking and profound result occurs when you fix the core business operations - the financial picture improves!

More from our view

Social Networking