RESTRUCTURING AND INNOVATION CONSULTING

Company reorganization often includes a change in the organizational or financial structure of a business. This is normally done through a merger, rebranding, acquisition, recapitalization, or change in leadership. This part of the reorganization process is referred to as restructuring. Planning and communication is key to a successful company reorganization.

Restructuring a company is just as simple as reorganizing a small country. It’s no wonder that, without proper planning, the company reorganization process can go very wrong. In fact, more that 80% of org restructures fail to deliver the hoped-for value in the time planned, and 10% even cause real damage to the company.

That’s why a company reorganization process must be undertaken with sensitivity, strategy, and foresight. If you’re shaking up an entire company, the key to success is planning and communication.

Facing current difficulties, each person chooses different ways to overcome their difficulties. For businesses, one of the solutions that the Institute of Strategy and Innovation (ISAI) and the Institute for Legal Support, Talent Development, and Business Development (RamBon) offer is that it is time for entrepreneurs to You must clearly understand the importance of restructuring and be determined to restructure yourself and your business in the right way. And to have a correct understanding of refactoring, in this article, RAMBON gives the most general article as follows:

Restructuring the company

Corporate restructuring is a corporate governance term, at the highest strategic level of the company, broadly referring to a company doing one of the following:

• Changes in organizational structure, which may involve changing leadership or key personnel, transferring direct reports to another manager, reallocating resources to other parts of the business, etc.
• Changes in financial structure, which may involve selling assets, refinancing debt at lower interest rates or even filing for bankruptcy
• Changing the structure of enterprise ownership shareholders.
• Change business and investment strategies that greatly affect the business.

Corporate restructuring often involves a change in the organizational or financial structure of a business. This is often done through mergers, rebranding, acquisitions, recapitalizations or changes in leadership, key personnel, or important business strategies. This part of the reorganization process is called restructuring. Planning and communication are the keys to a successful corporate reorganization.

For the purposes of this article, we will focus on organizational restructuring.

Why do companies have to restructure?

There are many reasons to restructure an organization. Key reasons for restructuring may include:

• Something is broken. If your organization isn’t meeting KPIs, if your processes or employees are becoming inefficient, or if there are essential tasks that aren’t covered by any single position, it’s time to restructure the company. .
• The company encountered difficulties and could not develop as expected
• The company is still growing well, but you want to prevent risks and make things more certain.
• Your company has merged with or acquired another organization.
• An employee in a key position has left, creating an opportunity to put a restructuring in place.
• You want to pave the way for a new opportunity, such as launching a new product or service or capturing a new market.
• Customer needs have changed.
• The organization has grown or is downsizing.
• The manager has too many direct subordinates, or is not satisfied.

Sometimes, companies choose to conduct division-only restructuring, meaning that only a specific division undergoes restructuring.

When that happens, the company has identified problems or inefficiencies in just one department, but because the company is so interconnected, what affects one department often affects to other departments. So while it’s certainly easier to reorganize a department, it’s not uncommon for a company to overhaul its entire corporate structure at once, which is the best thing to do.

It’s time to restructure your investment business. Remember that change can be difficult – You should follow the advice and instructions of a strategic consulting organization.

Restructuring a company is a complex process, and involves many different expertise, and especially must rely on the systems of professional consulting research organizations. It’s no surprise that without a consulting organization to help with proper planning, the restructuring process can go wrong. In fact, more than 80% of restructurings fail to deliver the expected value within the expected time, and 10% even cause real damage to the company. In Vietnam, more than 95% of restructurings do not bring about the expected results due to heavy subjectivity and conservatism, as well as lack of advice from professional organizations. Or choose an incompetent consulting unit.

That is why the restructuring process must be carried out sensitively, strategically and with foresight. And it must be done by a third party, a professional organization with functions specializing in research, strategic consulting, restructuring, administration, management, innovation, training and legal, association, and other related activities. Support other business development. Currently in Vietnam, the Institute of Strategy & Innovation (ISAI) and the RamBon Institute for Legal and Strategic Support are two organizations specializing in this issue.

As a leader, your attitude toward your company’s restructuring strategy will determine how your employees and colleagues perceive it, and your expectations about your company’s reputation. If you are excited about the restructuring, that excitement will be reflected in everyone involved throughout the restructuring process. If you are upset, expect those affected to be suspicious and perhaps even hostile.

ISAI Institute and RAMBON Institute are two organizations consulting on strategy, governance, management, innovation, restructuring, legal support, association models, exchanges, training, coaching, Supporting businesses with real effective differentiation. Contact call/zalo/viber/whatsapp: 0902.333.009 or 098.3666.640. Email: rambon@isai.vn

The bottom line is that RAMBON will help you restructure your company, which can be a fresh start for your investment business; Brings new vitality and vitality to you and your employees and partners, helping you develop your career better. Start the process of reorganizing your company early, to be more effective.

Our top ethical principles are integrity, meaning that confidentiality and protection are paramount. Besides the ability to experience in-depth, and flexible, adaptive to changes in the world economy. In other words, we advise to perform the services of auditing, accounting, tax in a economical way (suitable for each size of the business, whether starting a business, or a long-term corporation), effectively. not only that part but also the management, administration, investment … Especially flexible in depth, and dedicated to serving, listening as well as everything is managed and managed in a professional system, lasting.

Please contact: call/zalo/viber/whatsapp: +84902333009 or email: rambon@isai.vn