Most business enterprises encounter scenarios when, at some point of time (usually unexpected), the core elements of what appeared to be a well-functioning business plan ceased producing desired results. At this point, senior management steps in to conduct fundamental re-evaluation of companies operations in order to re-orient the business along a new path.
These instances of breakdown in a business model often stress so many aspects of a company’s operating model that it can be difficult or impossible for existing management to adequately assess what the actual problems are and to formulate corrective measures. Even management teams which are well qualified for this type of challenge often find that the perspective of an external, objective and professional advisor is essential to the formulation of plans for change.
We have solid experience of such assignments that typically take a form of review of strategic alternatives. In this type of engagement, Essence is retained to engage in a rapid assessment of a company’s competitive position, its financial performance, management expertise and business segment viability, in order to formulate a range of strategic alternatives designed to permit the comprehensive change.