• Home
  • About Us
  • Our View
  • Resources
  • Principal & Founder
  • Engage Us
  • PRACTICES
    • Bankruptcy
    • Crisis Management
    • Directorships
    • Interim Management
    • Investigation & Asset Recovery
  • INDUSTRIES
  • SUCCESS STORIES
  • KUDOS
  • BLOG
    • General Musings
    • Leadership
    • Cost Reduction

The McManigle Company

Resources

Recommended Links

  • American Bancruptcy Institute
  • Turnaround Management Association
  • United States Bancruptcy Court, District of Delaware

Articles

  • Jurisdictional Issues in International Receiverships, Drew McManigle – ABI “Cracking the Code”
  • Issues in International Receivership or, “Good morning, Mr. Phelps.  Your mission should you decide to accept it…”, Drew McManigle – Insol World
  • FINDING FOREIGN ASSETS: A Case Study In Tenacity

 

 

  • Print this article!
  • E-mail this story to a friend!
  • RSS
  • Twitter
  • Facebook
  • LinkedIn
  • StumbleUpon
  • Digg
  • del.icio.us
  • Technorati

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

  • Click here . . .

Social Networking

2009 The McManigle Company Powered by Wordpress. designed by axidev

wordpress stats plugin